ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. If you get the R/R right you can do well with a low win rate. So, for example long 4050 with a 5 point stop targeting 15-30 points would not be the worst trade you could take right now.

    But if your R/R isn't right and you're risking dollars to capture cents, you really need to maintain that high win rate or you're effectively a net loser.
     
    #2451     Feb 21, 2023
  2. Take your 10 points here for a 2:1 R or hold to 4100 for a 10:1 R/R.
     
    #2452     Feb 21, 2023
  3. chillibean

    chillibean

    upload_2023-2-21_10-15-53.png

    Was expecting upside really. So Missed the earlier down move and watched it go without me whilst i waited for a possible bounce. Tried the long for +9. Then tried the short +7. Should probably have held it as still looking weak, but have a hunch we could see a decent upside move soonish so just took the small chunk.
     
    #2453     Feb 21, 2023
  4. mervyn

    mervyn

    200ma tagged
     
    #2454     Feb 21, 2023
  5. Buy1Sell2

    Buy1Sell2

    Waiting for the base out to complete with fresh upside momentum to enter long.
     
    #2455     Feb 21, 2023
  6. Buy1Sell2

    Buy1Sell2

    Initial bounce should occur now.
     
    #2456     Feb 21, 2023
  7. Buy1Sell2

    Buy1Sell2

    Looking at getting above 4057 before beginning to look long.
     
    #2457     Feb 21, 2023
  8. easymon1

    easymon1

    That fitty looking lonesome. Let's see what happens...
    Could 39fitty be in the cards?
    delete.png
     
    Last edited: Feb 21, 2023
    #2458     Feb 21, 2023
  9. mervyn

    mervyn

    not going long anytime soon, still hold 4141 shorts.
     
    #2459     Feb 21, 2023
    Spooz Top 2 and Builder17 like this.
  10. Buy1Sell2

    Buy1Sell2

    Currently only trading about 15 points below the cash open. Plenty of time for action to the upside later. Biding my time for now.
     
    #2460     Feb 21, 2023