2 Steps Forward 1 Step Back

Discussion in 'Journals' started by DraXon, Nov 20, 2002.

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  1. DraXon


    Not a bad day for me to start this thread. Can't promise I'll post everyday but I'll try. I'm a simple man with very few words, so don't expect too much from me.

    10:00 - Long ES @ 898.50
    15:28 - Exit Long @ 909.50

    * Coming off a strong support

    Total: 11 Points
  2. very nice work, draxon. i look forward to your journal.


  3. DraXon -

    Great job.

    I, too, exited when the ES broke that support area. I trade the 2-minute bars usually, but on days like today the 5's can be a real friend. After each pivot just ratchet up the old stop.

    Keep 'em coming.
  4. 2 Steps Forward 1 Step Back.

    You are doing well. I am 1.01 steps forward, 1 step back.
  5. DraXon


    Don't get me wrong - I don't average this many points usually! Wait till you see me trade those horrible choppy days.

    09:32 - Long ES @ 920.50
    14:18 - Exit Long @ 930.50

    * Reason for entry: Continued strength
    * Reason for exit: 4 point trailing stop

    Total: 10 Points
  6. DraXon


    No trading today, range was too small.
  7. DraXon


    Traded very level-headed today. Almost mechanical. This is what I strive for every single trading day.

    09:50 Long ES @ 932.50
    10:30 Exit ES @ 936.50

    * Reason for entry: bouncing of support . . . showing strength
    * Reason for exit: hitting resistance

    11:00 Short ES @ 932.50
    13:47 Exit ES @ 928.50

    * Reason for entry: clear resistance.
    * Reason for exit: 4 point trailing stop

    13:47 Long ES @ 928.50
    15:20 Exit ES @ 934.50

    * Reason for entry: reversal from previous trade.
    * Reason for exit: closing time looming, taking my profits.

    Total: 14 points
  8. Not bad at all.
  9. DraXon,

    You're doing very well. I like your simple-but-effective approach to trading ES. Looks like you just use support and resistance along with trailing stops, and it works for you. Congratulations.
  10. you decided this at what time?
    #10     Nov 26, 2002
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