Andy's Day and Position Trading Journal

I hate to say this Andy, but I think your stop on this trade looks
too big, wide, giant, humongous, lost in space compared to your
profit targets. I think 22 point stops are too big for intra-day trading.

Or maybe it was a typo...

 

guten tag (sorry about spelling - you know what i mean )

youre not taking Rhooks anymore then - there was a good one on your chart i think just before taking out the previous days high ;-)

will be interesting to see if we get a down move today - as that looks like a 123 towards the end of the day - could jsut be congestion though.

good to see you back.

 

i think it was a typo. looking at the chart and the technique, 68.25 looks like the logical stop not 86.25. i could be wrong

 

Hi Version,

you are right of course...typo

Short at 1264.25; stop at 1268.25



Andy

 

Hi Fredd,

I am looking for any kind of trades not only for the RH and 1-2-3 at the moment. Especially in the ES you find other ways to trade. It's trading mostly sideways and the trends (if there is a trend one day) last only for a short time.

Happy trading

Andy

 

Whew... I almost thought you were going into swing trading mode...

 

Trade 12/06

First short at 1267.25, out first lot at 1265.50 second out at break even.

I tried another one after the made it up to the high and went short again at 1272, first target at 1269.25 and second out around the close at 1265.50.

http://share.esignal.com/groupcontents.jsp?folder=&picture=snapshot-29.png&groupid=707

Good day.

Happy trading,

Andy

 

andy - how are you determining your first exit? usually you use a set number of ticks - but not this time it would seem.

nice trading

fred.

 

Hi Fred,

first target was the same as my risk.

Regards

Andy

 

Andy:

What trading platform are you using for daytrading? Also, how fast and reliable is the internet connection in the DR? I assume it's broadband... Also do you use some kind of a backup internet connection? Thanks!