ES Trend Following

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Quote from Bombardier:

Believe me, Adam, I have often considered to upgrade and will most likely do that when I feel ready. Right now, I am comfortable with 1 contract and do not want to mess up with revenge trading, fearful trading, you name it. I find it extremely important to trade the size that I am comfortable with. This will ultimately decide whether you will be profitable as a trader or not. Even if people claim that they are fine with futures, deep inside they are actually not. Why would traders place tight stops and scalp in the first place? It's because they cannot handle its size and feel the heat as soon as a trade goes against them a few hundred dollars. Capabilities of objective judgment are lost in such financially threatening situations. I originally tested my strategy with CFDs that are unfortunately not available in the US. CFDs work just like futures with all their benefits (no day trading limits, leverage, scalability, around the clock trading) but at a fraction of their size, namely 1/50 for the S&P 500. It made a big difference emotionally and trading 5 CFDs in the beginning was a smooth ride because I couldn't care less if a trade failed. This comfort is precisely what a trader needs to feel (both professional and beginner). "Sell to the sleeping point." Then trading will be significantly easier and performance improves because you stop doing those stupid mistakes that you would do with a leverage that blows your account anytime a trade fails. The market will be here tomorrow, and the ES will hopefully exist throughout my entire lifetime. Hence, there is no rush to get greedy because the market will be offering enough opportunities going forward.

I appreciate that you work on automating my strategy. Let's discuss it in more detail at the next opportunity!
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Very rational and understandable. You've got to do what you're comfortable with.
 
Short @ 1229.00, Stop @ 1241.75

Finally I spotted an entry opportunity again after idling many days! I figured that the former resistance area at 1227 was of importance and price actually reacted to it perfectly at the beginning of today's trading session. Once we turned around in the afternoon, I took the chance to exploit the downside. I am fully aware that we are expecting some announcements from Bruxelles tomorrow, but that shall not bother me much because I trade what I see. The trade's risk is limited to the intermediary top.
 

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Quote from drm7:

Just curious, why didn't you short the 1242 overnight support level, with a stop at 1255-ish?
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I was thinking about that, too. It was a compelling trade even at that time, especially because 1255 is a very obvious resistance in the daily. The thing is, I don't want to consider any low a support so I held off. I was looking for a downtrend pattern to emerge plus a more decisive support to break. Someone who entered higher is now sitting on a more advantageous position and could drag the stop lower to near 1241.
 
Yea I tried to short into this too, but per the usual we zoom right up into all the buy stops, and the market winds up + 30 points... PRE-F***ING MARKET! I think I might start taking trades based on the opposite of my intuition.
 
Adam, I have been flat since the last trade as I could not detect any clear support or resistance area forming recently. I will chart a summary of my past trades and continue posting as I enter a new position.
 
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