ES Journal Archive (2006 - 2008)

Discussion in 'Journals' started by Buy1Sell2, Mar 2, 2006.

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  1. short 1316, still short. Market should go lower for the next hours.

    Stop at entry now.
     
    #1041     Apr 25, 2006
  2. romik

    romik

    Ya, I was wrong, reason being 2 systems created a controversy and I made a decision, which has not provided a counter trend reversal, though I am more inclined to try and not reverse from now on and just let it ride next time. This test position entry has been mostly based upon 15 minute MACD, which pointed to a short at market open, which is still valid I believe. Live and learn.
     
    #1042     Apr 25, 2006
  3. macd..........will lock overbgout oversold.......
     
    #1043     Apr 25, 2006
  4. romik

    romik

    what does that mean, lock?
     
    #1044     Apr 25, 2006
  5. Buy1Sell2

    Buy1Sell2

    Certainly this trade would have been a better one win terms of profit points with the charts up and going. Positionals looking better though and that position is more important than the day trading. Just don't see a reason to trade intraday without current charts.
     
    #1045     Apr 25, 2006
  6. all oscillators will do the same
     
    #1046     Apr 25, 2006
  7. Did you mean to say:

    all....oscillators....will.......do the......same:D
     
    #1047     Apr 25, 2006
  8. romik

    romik

    For scalping I have not yet looked once on any widely used indicator, but for entries at market open and potentially going with the trend I really have nothing to go by at the moment apart from...well, MACD today on 15 min chart showed a potential market decline, comparing similar situations on historical charts.

    That is a good question for you George, if one does not use an indicator/s, nor volume, nor news, nor price (I say not price as there is hardly anything to go by in price action in pre-market trading), etc - what would be the ""etc." in this case, not many options left on the table.

    Over and out to you George :)
     
    #1048     Apr 25, 2006
  9. closed short at 1306
     
    #1049     Apr 25, 2006
  10. bronks

    bronks

    Nice bit of trading Spikey. Lots of discipline required holding through rotations.
     
    #1050     Apr 25, 2006
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