ES Journal Archive (2006 - 2008)

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

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  1. Not ATR. Just simple average of the RTH bars.

    Remember, RTH only and over several days.
     
    #46491     Oct 22, 2008
  2.  
    #46492     Oct 22, 2008
  3. :D
     
    #46493     Oct 22, 2008
  4. That was a V-reversal but this thing has to go back down again and retest the lows.
     
    #46494     Oct 22, 2008
  5.  
    #46495     Oct 22, 2008
  6. the part that really gets me is that im a systems trader so this was a big swing trade sell signal. these types of setups can take days or even weeks to set up. i waited for this and i blew it with stupid stop losses ( i did not stick to my volatility stop) instead i allowed fear to grip me. i was afraid that the mkt was going to retrace hard and i would have to hold the position for a few days until it turned around. i did not want to do that and instead i allowed my viewing of the chart to dictate the trade. i was afraid that i might be selling an oversold chart pattern that would bite me hard. sometimes the "ST signals" i.e. swing trade signals will trigger during the end of a cycle/ overbought or oversold condition.

    bottom line: i second guessed myself and my system and it cost me big time $$$. not in cash but in oportunity loss. i still made big money on the trade in normal standards i.e. the national average daytrader makes $62-$100 per day if they are lucky. well i made several times that but still i hate the fact that i messed this up.

    yes i made my daily goal of trading i.e. $500-$1,000 per day but i could have made $6,000 today. instead i settled for $700.00

    I THINK I WILL PUKE NOW.:(
     
    #46496     Oct 22, 2008
  7. TOP STORIES

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    Stocks continue their freefall amid another round of glum profit news, underscoring the risks to an array of sectors as the global economy slows. The Dow Jones Industrial Average was recently down more than 600 points, with all 30 of its components showing declines.

    MERCK WIDENS COST CUTS; WYETH NET NEAR FLAT

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    hhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={7f3e8a76-2d80-4113-98b7-6ff469f1b971}
     
    #46497     Oct 22, 2008
  8. I understood. Shouldn't ATR with 15min chart give an estimate of the average 15min range?
     
    #46498     Oct 22, 2008
  9. No. It all depends on the software.
     
    #46499     Oct 22, 2008
  10. I said this morning once 910 is breached I have no idea where the low is.

    Indeed, I do not even know why it bounces off that level.

    Very puzzled. :confused:
     
    #46500     Oct 22, 2008
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