Knife Catcher's ES Journal

K

knifecatcher

I will start this journal to record my reversal trades in S&P emini. I have 4 trading rules serving as mnemonics based on Sun Tzu's Art of War:

The Yin aspect:
1- Stop trading after 3 losing trades.

The Yang aspect:
2- Intraday timing (Heaven) - I trade reversals in the morning.
3- S/R entry (Earth) - I use S/R to create tight stops and favorable risk/reward trades.
4- Confluence (Man) - I use multiple time frames and momentum divergence etc. as confirmations to increase my edge.

I'll try to reply posts in the afternoon.

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Quote from wareco:

Good luck. I never mastered the technique.

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I don’t see how anyone can make a living trading the ES following the trend! I have back tested many strategies and the only ones that make consistent money with good risk to reward are picking tops and bottoms! In back testing I am looking at 1 year of intraday tick data. The opposite applies for stocks! There the trend is your friend!
 
Hi,
I expect this to become a trendday, I´m short the ym, stop BE and will not look at this screen till MOC, we saw a lot of distribution, the bigs absorbed any longs, Fake Breakout over highs, TRIN is in ugly area, premium high, i expect a ugly selloff after all this one-day-wonder-reversals.

Michael
 
Quote from mechtrader41:

Hi,
I expect this to become a trendday, I´m short the ym, stop BE and will not look at this screen till MOC, we saw a lot of distribution, the bigs absorbed any longs, Fake Breakout over highs, TRIN is in ugly area, premium high, i expect a ugly selloff after all this one-day-wonder-reversals.

Michael
More...

I always have trouble trading big move so I leave the trend to the experts.
 
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