Sold Dec ES at 1488.50. I will look to reenter long again --perhaps even today. I will hold the Dec NQ long here.
Update on Banked Journal Trades: ES Total +60.00 points ---3 trades 3 winners Sugar +37 ticks---1 trade 1 winner Aussie Dollar Futures +184 pips 2 trades/ 2 winners British Pound Futures +236 pips 1 trade 1 winner Euro FX Futures +231 pips 3 trades 2 winners Heating Oil + 460 ticks 2 trades/1 winner Swiss Franc +58 pips 2 trades/1 winner Canadian Dollar Futures +68 pips 2 trades/1 winner Japanese Yen Futures +239 pips 1 trade/1 winner Current winning percentage 13/17 76.47%
Exiting the Dec Yen Futures at .87200 for a loss on this leg of the trade. (Made money in Sep and now lost some of it back on the roll to Dec). I am still bullish Dec Yen, so I will look for a place to get long again.
The benefit of taking signals in the direction of the predominant trend only should be apparent here. Dec Swiss Franc, Dec Euro FX, Dec Canadian Futures all looking good here. I would expect some pullback at some point and then I will reevaluate. I may have exited Dec Yen a bit too soon, but I am not ready yet to get back in. ===Dec Cotton pulled back a bit yesterday, but I am still longer term bullish, so I will stick with it. Dec Cotton is up more than 3 cents since my entry even with the pullback. Am I willing to give the whole profit back? Certainly--this is the proper way to gain the big winners that a successful trader must have.
Had a little consolidation in my currency futures longs, but it look as if we are set to resume the uptrend here. Dec Swiss Franc looks especially bullish right now. I am still not ready yet to reenter the Yen Futures long. It may be that the market has fooled me a bit here, but that happens from time to time. I should be able to get on the train at some point if it looks right to me.