S/R Emini Journal

[4re]

Quote from romik:

Yep, that is my diet. I have a have at least one hunk of cow everyday. Pig and chicken are alright but gimme cow.

 

[sportmatt37]

Quote from romik:

my thoughts exactly, apart from OS I would replace with pullback/shake out

I could agree with that


EDIT: Haha, thanks Hezbalah for ruining the call...

 

[K-Rock]

Quote from 4re:

It is a constant battle K. You'll be back stronger than ever. I really beat myself up when I make a mistake but the next day I have to be over it or I don't trade. The good thing is you came back to break even...Way to go...

I did well today (got my net 2 pts.).

 

[4re]

Quote from K-Rock:

I did well today (got my net 2 pts.).

Good deal, I knew you would.

 

[4re]

Quote from sportmatt37:

I could agree with that


EDIT: Haha, thanks Hezbalah for ruining the call...

Yep, Here is what Yahoo says.

Oil Surpasses $76 As Violence Persists
AP - Oil prices hit a new high above $76 a barrel Thursday in a market agitated by escalating violence in the Middle East. The latest surge in oil shook stock-market investors' confidence, though economists said most U.S. consumers and businesses appear to be absorbing higher energy costs surprisingly well.

 

[JimmyJam]

Quote from romik:

Nice one JJ! Have you considered using minimum initial position size @ entry and scaling in on pullbacks?

I see what you're saying especially on a trade like this which is taking its time to "work-out", but what if the trade doesn't pullback? - A 1 hr BRD trade setup last Friday, and it never pulled-back (but it did make its 20 pt target). [chart]

That would increase your stop level for these longer positions, though keeping your risk same as multi-lot trades based on narrow stops . You can perhaps open a second account and use it for your short term trades, diversifying.

If used judiciously, while also taking the more secure 2pt + intraday setups, this method could effectively remove risk from a trading portfolio ... it's pretty tough though, takes a lot capital, requires a lot bookeeping, you'd have to define an "uncle point", while still mainting a profit target that makes taking all that risk worth the effort.

Side Note: Wow, I'm getting my ass seriously kicked here. Moved my stop back 2 pts, break'in all the rules (guess I'd better get to work on the new ones).

 

[K-Rock]

Based on the ACD Method the market is still range bound:

 

[boro45]

Quote from K-Rock:

Based on the ACD Method the market is still range bound:

The AC/DC method says its on a Highway to Hell.

Couldn't help myself.

 

[K-Rock]

Quote from boro45:

The AC/DC method says its on a Highway to Hell.

Couldn't help myself.

Hell could be up or down depends on your position.

 

[K-Rock]

Quote from K-Rock:

Based on the ACD Method the market is still range bound:

Now we have a break to the downside based on the ACD Method.