My wife cooked me fish today with a lot of alcohol so I am not sure I will hold out On Friday Tradestation was having a problem with CME and somehow old cancelled orders are stucked in the queue. I am not sure why they cannot route my order today. But at least I can get to their order desk quickly... last time I waited 20 min on the phone. I like Tradestation historical data and Easy Language but they better put their acts together. I got a feeling not many people trading today since I can get thru to Tradestation on the phone.
martys - good work - i am having a hard time understanding the "logic" behind your trades - you said your approach is reversals - this last trade for example... exactly what is this a reversal of? perhaps i am misinterpreting "reversal" - do you mean you counter a short-term momentum thrust? also, have you considered YM vs ES for this - i have considered a strategy somewhat similar to your approach, and i have found that with YM i could have a much tighter stop, i.e. say 5 ticks ($25) vs. 3-4 ticks ES which is more expensive, but the target would be the same i.e. $50 for both ES/YM, i.e. better R/R on YM - the caveat of course is YM has a bit more slippage - all the best.
Sorry I did not see your post. Actually I have an opportunity to scratch this losing trade. Maybe this journal does have an affect on me... I got into the wait and see mode. My strategy is basically fading a price level, there is often a reaction. But you don't really know how much. Sometimes the market will give you some idea of potential profits. At other times, I just try to take about 2 points as you can see it is not there in some of my trades today because I think you need a lot of warm bodies. The down side of this is that, you can start seeing things that is not there like what happen to my previous losing trade.