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ES Journal Archive (2011)

Discussion in 'Journals' started by Buy1Sell2, Jan 3, 2011.

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Trvlwanderer
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Welcome.

#2621 Mar 10, 2011

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No.Heat
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Ammo,

Could use your guidance here, want to short ES and prepared to add to it, any suggestions on how to approach it ?

#2622 Mar 10, 2011

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kentraderstar
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Quote from Pekelo:

Splendid....

You probably meant this one:
More...

what happen to your dragon pattern? still can't trade your system. laughing my ass off

#2623 Mar 10, 2011

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kinggyppo
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Quote from i_c_fed_people:

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.
More...

es daily
- es.jpg
  
  File size:
  
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  Views:
  
  93
#2624 Mar 10, 2011

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startraitor
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Eat what you can kill everyday, don't go out looking to bag 6 bucks and a bear and die of exposure after bringing down 3 bucks and a rabbit.

Quote from j13131313:

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
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#2625 Mar 11, 2011

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ajcrshr
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Magnitude 7.9 - NEAR THE EAST COAST OF HONSHU, JAPAN
Tsunami 18ft+

#2626 Mar 11, 2011

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i_c_fed_people
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LONG 1289 march

#2627 Mar 11, 2011

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tomahawk
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Quote from ajcrshr:

Magnitude 7.9 - NEAR THE EAST COAST OF HONSHU, JAPAN
Tsunami 18ft+
More...

CNBC is showing live from the air the wave washing over the land. ... crazy.

#2628 Mar 11, 2011

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Trvlwanderer
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Quote from i_c_fed_people:

LONG 1289 march
More...

May see some stronger reaction as US wakes up and shuffle through the news.

Tempted to Long, but the herd has not shown up yet.

#2629 Mar 11, 2011

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tomahawk
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2nd day gap rule in effect.

#2630 Mar 11, 2011

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