Take care of yourself, D. I hope the pain ends quickly and the healing soon after. Best to you and your family right now. God Bless.

Flag trading the trend

Looks like I'll be out for the week taking a little unplanned but well deserved RnR. Best to all your trading and I'll catch up with you sometime next week!

Flag trading the trend

Shorted 1903 and just covered at 1870 for 132 ES ticks (33 points). That is my only trade of the day. At 11:30 AM EST I lowered my stop loss to lock in +10 and then I just walked away and didn't mess with it until a few minutes ago. It is much ...

Flag trading the trend

I hope everyone had a great week. I know I did. I will put my ES trading through the paces again next week, and if I am satisfied with how I am operating, I will fire up the little account project again - I have anew account at a new broker and the ...

Flag trading the trend

Yes.

Flag trading the trend

I think this thread and our ability to learn from one another will be enhanced if more people posted charts with their comments. Remember, a picture is worth a thousand words!

Flag trading the trend

lol Stopped out on the last two contracts at breakeven. It was a worthy trade.

Flag trading the trend

This short trade needs this S to turn into R or a rally back to the high of the day may be on the menu for this afternoon. I'll be dining alone however, as this has been much too long of a day for me (I had no plans to trade the NQ - I just pulled ...

Flag trading the trend

Exactly. For example, I have no idea what cableguy is doing exactly, but it doesn't matter if I understand his trading plan. All that matters is that he himself understands his own trading plan. Come up with a trading plan that lets you achieve your ...

Flag trading the trend

First target filled +45 ticks = $225 One down, two to go ... let's see if we can get 'em! image

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I'm going to breakeven on the stop loss. This is very choppy price action right now. Odds of hitting targets is now 50/50 vs 80/20

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Short 3 contracts 4144.25 Targets are now 1 @ 4133 (+45 ticks), [email protected] (+122 ticks), and [email protected] (+160 ticks). image

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Stopped +33 NQ is definetly one where a three contract position would be best: +30 ticks +60 ticks = a runner contract, in my opinion.

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NQ is pretty quick when she sets her mind to moving, as is the YM. I'm less concerned with how quick the move. I have tended over the years to gravitate toward fewer trades but holding for bigger targets. What matters is that you have a price action ...

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Lowered stop loss to 4149.25. which locks in +33 ticks if hit. Still holding short for 4104.25, though 4113.50 is low of day - and I'll tighten stop if we bounce hard there. image

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I don't think in terms of ticks per day, I think in terms of the $$$ value of the range per day. NQ is $5/tick, or $20/point. Here is the set up that got me short: Bear flag wedge with 3 pushes up and a failure to bull breakout at the red to green ...

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Just sold the NQ pivot at 4157.50, and my target is S1 4104.25 which is 213 ticks with a $$ value of $1065 Stop loss is 15 ticks or -$75 image

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ES 100 ticks = $1250 YM 100 Ticks = $500 The $$ value of the ranges is very similar. If you really want to trade something with bang for the buck, take a look at the NQ (nasdaq 100 emini). Today's RTH YM 226 ticks = $1130 Today's RTH ES 112 ticks = ...

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Will do: My Targets are generally going to be +40 ticks or more, with a minimum target of 24 ticks. My initial stop loss should be 15 ticks, with a +/- of 3 ticks to keep it at least 4 ticks from the low/high I'm fading.

Flag trading the trend

Well I'm done for the day. That 21.75 turned out to be a double top level for now. Sometimes ES fights me, but usually when I have a not so good day, it is my own fault. I am happy to finish $400+/contract to the good today, but I am disappointed ...

Flag trading the trend