Internet access was available for only 5% of the time today. It's impossible to trade under these conditions. ES (1017.75-1029.75) no trade ZT (109'240-111'000) no trade YG (372.5-381.5) no trade QM (28.625-29.075) no trade
9/8/03 Day 15 ES SEP03 Bias: down Position: open from 1018 on 9/2/03 P/L: -30.5 (990-1008, 1018) Sell and hold P/L: -40.5 (990-1030.5) ZF DEC03 Bias: up Position: none P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160) Buy and hold P/L: +23/32 (109'260-110'170) YG DEC03 Bias: up Position: none P/L: 0 Buy and hold P/L: 0 QM SEP03 Bias: down Position: none P/L: 0 Sell and hold P/L: 0 No fear, no greed, lots of patience
YG: missed trades costing more than bad trades QM: missed trades costing more than bad trades ZF: missed trades costing more than bad trades ES: next? Buy/sell and hold seems more attractive by the day
Momemtum is clearing losing on this thread. It seems more and more a waste of time posting on days when no trade is made, which happen to be most of the days. From now on, update will be posted only when trades are made. An idea was refined into a strategy during the last few days. Another experiment has started and a corresponding new thread will appear on this board soon. It's the exact opposite of "I trade 1 ES". It is influenced in certain aspects by people posting on this thread. Who said I never listen to others? The new thread will be called "perpetual lottery tickets drawer". A comparison of the two experiments follows: I trade 1 ES Vechicle: futures Leverage: high Trade: in and out Bias: up and down Stops: yes Indicators: MACD, CCI perpetual lottery tickets drawer Vechicle: penny stocks Leverage: none Trade: buy and hold Bias: up and up Stops: no Indicators: price is its own indicator
9/10/03 ES SEP03 Bias: down Position: none P/L: -10 (990-1008, 1018-1010) Sell and hold P/L: -23.75 (990-1013.75) ZF DEC03 Bias: up Position: none P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160) Buy and hold P/L: +1 24/32 (109'260-111'180)
9/11/03 ES DEC03 Bias: down Position: open from 1018 on 9/11/03 P/L: -7.25 (990-1008, 1018-1010, 101 Sell and hold P/L: -25.75 (990-1015.25) ZF DEC03 Bias: up Position: none P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160) Buy and hold P/L: +1 13/32 (109'260-111'070) No fear, no greed, lots of patience