ES Journal Archive (2011)

here it is

 

watch for a pop in dvol and new low in spy here,i think c fed is already at the pub shooting darts

 

Going lower in Globex?

 

saw that was curious if he bought the close.

 

es nip . ledge appx 87.25, nip is 87-82...edit... ledge right above marked area is 94

 

hey dude.
Just seen this.
Been away from the PC for a good chunk of the day.
haven't added again yet. Very tempted though. Gonna wait and see where we are tomorrow.
ciao.

 

you didn't know it's rollover day?

 

I`m aware of that, but it does not tell me much.

How does rollover day`s stand out?

 

everyone has different experience. Mine has been it's typically got strange price actions. Moves are not clean, overlapping bars, deeper retracement than normal. Especially if one trades with a tight stop, it can get quite challenging.

 

Hello,

Long time lurker here. I haven't posted before since I didn't really have anything of value to share. Now I am at a point where I have a 'feel' for what is going on with automated systems by identifying the correlation between different markets, especially during AH.

My background:

I trade TF and ES with a small account. I am on the border of becoming successful now that I am able to pay full attention to the screen during the day.

(NOT YET PROFITABLE)

My setups consist primarily of identifying the trend on the 1 hour chart, and using a customized Keltner channel to show when price is moving quickly. I then usually enter using a pull back to the 10 SMA.

Once in the trade, I will put my STOP at the opposite end, just outside of the Keltner channel, or sometimes will use a dollar amount STOP loss.

Sometimes I take a turn-around trade if VOL looks (to me) like there is a change in direction.


In a profitable trade, I find myself putting on additional contracts and setting the STOP at B/E + 1 or 2 ticks, LIMIT at what I consider "A good day's pay" then I trail the STOP in the DOM.

I generally trade 1 or 2 lots, but sometimes go as high as 6.
Sometimes I hedge my TF with an ES.

My goal is 5-10% per day. -> Turn off trading computer.
or a 4% loss of total account - > Turn off trading computer.

My account is down a significant amount today. at one point I was approaching 5% increase on the day, over traded lost a bunch.

I am not upset about it because I feel that I learned a significant amount today and have to chalk it up to "Educational Expense."

Since I have been following this thread for a while I decided to introduce myself with a bit of background.


Comments, suggestions, and constructive criticism welcome.
Feel free to REPLY or PM.
keep it klassy please.

J