ES Journal Archive (2011)

Sold 1136. Stop @ 1139.

 

10:30 reversal for the gap fill

 

5-minute.

 

Possibly trapped on that last entry

Will consider a long entry around 1140 if stopped.

 

2 percent is calculated on Total Liquid Net Worth. This would include the trading account--- Just have one now--used to have two since I decided not to trade around my position anymore.

 

My view is that we are in a very short term uptrend and I believe that we would need to be in a downtrend to be looking for a bear flag. Rather, a trader might look for a bull flag on the 60.

 

The shorter the time frame, less validity is carried by flags.

 

So if you decide to put a trade on right now in another market with a stop of not more than 2% tlnw, you would be including your current unrealized profit in your es short ?

 

Reducing risk to 1,5 points @ 37,50. That`s all they are getting

 

No. I never consider profits until they are booked.