Quote from Wallace:
Jack and PD2G12: I was wondering when the ES results would kick up some attention
none of the trading in the Portfolio is with real money - and don't I wish the ES was
this journal and previous ones have for the most part been about using my method to
analyze the Price Time Waves movement of the euro rather than trading
this Portfolio is the the third in a few months, what may be more permanent than the
others, and it has to do with doubling, but I've no previous experience trading more than
one instrument at a time and it's brought it's own problems - why I dropped SI CL NG
I was thinking about writing up the ES trading in the QE II Report next week, the synopsis
is that I haven't traded the ES or analyzed it on any regular basis, so it was new to me to
try and demo trade it and, to find out IF my trading method or rather my Analysis method
also worked with the ES as it does with the 6E/EURUSD, and I learned that it does work
I was just looking thru Daily ranges and discovered that the ES can be as low as 4 points
unheard of for the euro but what's to point out is during the last few weeks the Daily range
of the ES has been Large, and that some of the analysis and subsequent trades were easy
to make and hence boost profits
the 'in theory' doubling was just a mathematical number - 10 pips per day since I believed
that amount could be obtained trading the euro. the ES is another matter and I'm thinking
in terms of 1 point a session and I'll explain the details in the Report
the demo trading was not doubling, but from session to session the contracts traded
jumped from 200-400-600-1000 is what I remember, again, this had a Lot to do with how
many points were made trading that session and the fact that there were a lot of Large
range days. this wouldn't be possible to achieve if you examine the days prior to June
because the range isn't there
I did trade my own account a little during this period but had a problem putting the demo
trade on and remembering I should be entering trades for my own account as I was
concentrating on the demo trade, and that's why I've stopped the demo trading
I've learnt a lot during the period, one thing is that contract size not point amount is what
matters, but for my own trading there's several things and while it's easy to click the button
when trading play money, it's a totally different matter when one's using one's own money
and as said, my Method is not primarily a trading method/system, so I've been working on
how Do I trade the ES ?
there's also been 2 trading methods being used, B&H trading of the fx pairs and gold
which I've never done before, and session trading for the most part the ES, anyway, if
you'll wait till next week I'll write some more about the whole trading experience and the
ES doubling and one possible way to do it, and if you want to discuss it further we can
