My profitable daytrading journal is back! ("The only way to trade with Fibonaccis")

Discussion in 'Journals' started by 1a2b3cppp, Apr 1, 2013.

  1. I'm sure our definition of successful is quite different.
     
    #11     Apr 4, 2013
  2. piezoe

    piezoe

    You are becoming a good trader I see. And your graphs are beautifully clear. And you have, finally, better insight. Your latest journal is worthwhile, and promises to be one of the better contributions to ET. I'll follow your trades. Well done. It's a long hard journey.

    In my own experience, an entry that minimizes risk is the key to creating "edge". It's gambling for anyone other than a market maker, a person with inside knowledge, legal information not available to others, unlimited capital, or government backstopping. Are you a good gambler? We shall see.

    (I suppose it is a gamble of another sort for those with illegal inside information, or ex-governors. Then the gamble is: will you go to federal prison before you can retire to the Hamptons? :D )
     
    #12     Apr 4, 2013
  3. Short 1 ES @ 1545.50 (this was supposed to be 1545.75 but I clicked the wrong level on the chart)
    Short 3 ES @ 1546.25
    Short 5 ES @ 1546.75

    Target profit: 1543.75
    Stop loss: 1548.50

    Target profit hit.

    [​IMG]
     
    #13     Apr 8, 2013