ES Journal Archive (2011)

[ammo]

spy ledge edit broken

 

[satchel]

Quote from Trvlwanderer:

short at 1256.75.

TGT 1238.5

stop 1270 (range)

didn't even know you were here, stole your quote for good vibes

 

[JoshDance]

Quote from gmst:

Fair enough, I was thinking of a big one here, and I could be wrong of course.

Actually your style of trading is pretty interesting. With small stops, if you can have a lot of scratch trades and manage to sneak in few big wins, your equity curve will look very smooth, even if you get stopped out 30% or so times for a 1 point loss. Just thinking.

I'm trying to get away from 1 point stops, but in these trades, 6 ticks or so was all I really needed to find out if it would work or not. I'd rather be using 8 or 12 ticks, and going for 4-6 points or more, but sometimes you have to take what you can get, and I'd rather have 8 trades in a day netting 4 points, then 4 trades where I got a good 8 point winner, and then several stopouts and small losers.

 

[macho grande]

c'mon wash out!

 

[Trvlwanderer]

Quote from satchel:

didn't even know you were here, stole your quote for good vibes

 

[GordonTheGekko]

Quote from JoshDance:

I'm trying to get away from 1 point stops, but in these trades, 6 ticks or so was all I really needed to find out if it would work or not. I'd rather be using 8 or 12 ticks, and going for 4-6 points or more, but sometimes you have to take what you can get, and I'd rather have 8 trades in a day netting 4 points, then 4 trades where I got a good 8 point winner, and then several stopouts and small losers.

Gotta have tighter stops than your winners so you'll certainly beat 50%!

 

[ammo]

Quote from JoshDance:

I'm trying to get away from 1 point stops, but in these trades, 6 ticks or so was all I really needed to find out if it would work or not. I'd rather be using 8 or 12 ticks, and going for 4-6 points or more, but sometimes you have to take what you can get, and I'd rather have 8 trades in a day netting 4 points, then 4 trades where I got a good 8 point winner, and then several stopouts and small losers.

you seem to have a bullish bias which is ok but you have to limit your trading to half the time,sit on pullbacks

 

[gmst]

ES looking weak but Euro is strong. So, I am still keeping my long ES intact, but may get stopped out. If stopped will reverse and get short.

ES has been below 50% for more than 15min now.

 

[Trvlwanderer]

comp breaking spt, dtx leading the slow grind down, indu still being painted....will likely slip. careful

 

[macho grande]

Quote from macho grande:

Sold 55.75

out 53.50