ES Journal Archive (2011)

The subjective nature of technical analysis

Turns out it probably was a bear flag after all.

I`m not sure how you are getting a short term uptrend? I look mostly at RTH charts and I don`t see an uptrend.

The downtrend I`m talking about starts today 09:30 on the 5-minute RTH chart.

 

So you have to exclude all current positions that are profitable? or just exclude the profits and at the same time calculate the max loss your stop would give you on all open trades?

sounds like an accounting nightmare

 

When the RTH and the Globex do not match up, I usually stay away.

 

I only count money that has been booked. It's actually much simpler that way.

 

We hit the top of a downtrend channel on cash 5 day chart


http://finance.yahoo.com/q/bc?s=^GSPC&t=5d&l=on&z=l&q=l&c=



sideways to down unless the bulls break the top of the channel





39-40 Es is the 50% level of the move

 

Stopped @ B/E. Not confident enough about a sell off that I care to use a wider stop.

 

That's amazing. I see some short signals, but I ignore them on purpose.

 

Late entry, but I got back in @ 36 and can prove it with a screenshot if anyone cares

Still looking for the gap.

 

So then you don't consider the trading account balance in figuring the 2 % rule ?

 

Yes but only the cash amount, not the open profit or open loss.