ES Journal - 2014

Discussion in 'Journals' started by murica, Jan 1, 2014.

  1. horton

    horton

    If AAPL goes to 101 here this will be painful for shorts...
     
    #6651     Sep 11, 2014
  2. shorts shuld be used to pain, so no biggie :)
     
    #6652     Sep 11, 2014
  3. down a bit more so I can buy again, please
     
    #6653     Sep 11, 2014
  4. I've been trading the ES on/off for about 5 years... I have reasons to keep my stats private.

    I can say the following... I rarely make more than 10 RT's per day and most of the time I'm done by 11 am EST unless market conditions warrant further tradable action (Fed days, etc.)

    In the past I wasn't able to achieve any consistency but then I realized something that was statistically significant and I built my edge around it. The edge itself is very powerful but I still struggled for some time due to psychology issues. It's all about the edge, statisctics and psychology.
     
    #6654     Sep 11, 2014
  5. Thanks for replying
    What lead up to that realization? Was it watching the market every day? Back-testing?
    What is you edge based on? Is it price action?
     
    #6655     Sep 11, 2014
  6. L 4071.5

    I'll call it a day when it gives me 5 points
     
    #6656     Sep 11, 2014
  7. Watching the market every day (and not just the ES). I'm also trading stocks alongside the ES.
    Yes it is based on PA, I don't use any indicators.
     
    #6657     Sep 11, 2014
  8. lexcorp

    lexcorp

    So based on charts as opposed to something else like the DOM/orderflow?
    If so, that's interesting.
    I was starting to believe that people who claim to be able to trade consistently from charts were just make-believe/vendors/scammers etc etc.

    I'm yet to find what I'd call an 'edge' from charts after about 6 years, but i'll never give up
     
    #6658     Sep 11, 2014
  9. horton

    horton

    AAPL 101 unable now AAPL 99 in play.

    Edit - maybe just algo though for SPX 90
     
    #6659     Sep 11, 2014
  10. That entry was actually a slight mistake on my part (criteria wasn't actually met for a trade but I wasn't really paying attention) Sure it'll be fine, though/
    Target is set.
    Off out for a beer. Good luck all
     
    #6660     Sep 11, 2014