ES Journal Archive (2011)

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Quote from tomahawk:

With a little less than an hour left, still time to run it 10 pts (like the 10pt run 1-2pm) for a gap fill.

Stranger things have happened. :)
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Only difference is that the bonds supported (sold off) last time, but not really moving anywhere now.
 
Quote from Picaso:

(I don't trade lots of 20s)

Fix your size at 3 cars.

Determine a % increase in your equity that will trigger adding 1 car.

When you reach it trade with 4. If you go below x equity, you reduce one car. If you go above y, you add one car.

Rinse. Repeat.

Going from 1 to 2 and from 2 to 3 is hardest. 3 to 5 still hard. Then it gets much easier. 1 to 2: 100% increase in P&L. 2 to 3: 50% increase... 5 to 6: 20%... 10 to 11: 10%, etc.

Once you go past a high number of cars (not there yet myself :( :p ), simply go for a parallel increase/decrease % of cars as percentage of equity. I.e. When my trading equity increases/decreases 10%, I will add/reduce 10% contracts.

And always make sure you take some off the table.
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I like the sound of this.
 
7 points, 11 minutes. Still hope, Tomahawk? :)

This time, I`m observing that ES tested it`s old highs while NQ is still below the opening range. Not too promising. :(
 
Quote from Laissez Faire:

I would not want to argue with the statistician and you are absolutely right. :)

A gap fill certainly does not seem like a stretch, I just thought it was odd we did not do it earlier and formed a double top.

Recent average range is a little over 20 and this one is currently 17 and a inside day.

Would be very cool with a gap fill above or a slide below to 30.

Unfortunately, I fear that we may be stuck here.
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You're probably right, especially with the high volume on the 1st peak of the DT. It's just that Friday gap fills are a pretty good % bet, and the range, as you mentioned, plays into it as well.
 
I started shorting at 1247 a few minutes ago and got a little nervous on the way up, I kept shorting until I was 350 contracts short... well done. Time for the weekend.

Have a good evening everyone
 
Quote from GordonTheGekko:

Does anybody watch SPY instead of the ES because SPY is a little ahead (less than a second!) the ES?
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I definitely watch SPY, but not for tick by tick comparison with ES (I wouldn't be quick enough to have any edge there). I just look for support/resistance zones to line up in sync with ES ... YM as well.
 
Quote from Laissez Faire:

7 points, 11 minutes. Still hope, Tomahawk? :)

This time, I`m observing that ES tested it`s old highs while NQ is still below the opening range. Not too promising. :(
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Looks like some crazy bastards are going for it LF. :D

Personally I hate trading into the close on Friday. :)

(Edit: I didn't mean you Builder ... just saw your post. It takes a little "crazy" to make money in this business anyway. :) )
 
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