New Trader ES trades/"Live" calls

[new_trader]

I'm satisfied with 2 successful trades in a row, total of 1.25 points.

No more trades for this week. I am going to Lithuania tomorrow for the weekend. Back Monday, so I'd like to leave on a high note.

I would have considered another long entry @1535.50

I think I'm learning more about the twig bird each day. I think something 'big' is going to happen @ 1535.50. But UP or DOWN ...:|


ALL TRADES TODAY ARE ESU7

 

[new_trader]

I think I'm learning more about the twig bird each day. I think something 'big' is going to happen @ 1535.50. But UP or DOWN ...:|


ALL TRADES TODAY ARE ESU7

So far, it's down. Last tick 1531.50

My opinion is there is more steam pressure left in this down move.

 

[new_trader]

That's my trading for the week. Back here again Tuesday, 26th.

Good Trading to all!

 

[new_trader]

E.s.u. 7

Short 1512.25
Stop 1513.50
Exit 1511.00

1.25 point profit.

Market still moving down! Good Direction Call.

No more trades for today. Just Study and Observation.

 

[new_trader]

Short 1512.25
Stop 1513.50
Exit 1511.00

1.25 point profit.

Market still moving down! Good Direction Call.

No more trades for today. Just Study and Observation.

For anyone following:

Trade opened at Market
Short 1512.25 @ 15:24:52
Exit 1511.00 @ 15:26:16

 

[new_trader]

Esu7

My reading says to go long @1511 area

 

[new_trader]

My reading says to go long @1511 area

if I was honest with myself I probably would exit this trade now @ 1512.50

 

[new_trader]

if I was honest with myself I probably would exit this trade now @ 1512.50

Even my paper trading lacks confidence! Looks like 1511~1512 would have been a good price to go long and stay long...last tick 1515.00

 

[new_trader]

Even my paper trading lacks confidence! Looks like 1511~1512 would have been a good price to go long and stay long...last tick 1515.00

looks to me as if the market will climb higher from 1519.00...hmmm

 

[new_trader]

That's it for me today and this week, back to work tomorrow. Good Trading to all.

 

[new_trader]

Back in the traders chair today-ESU 7

 

[new_trader]

No Trades so far but I'm signing out now, I am working tonight. Good trading to all.

 

[new_trader]

ESU 7

short @1535.25
stop @1536.25
Exit 1534.75

 

[new_trader]

ESU 7

short @1535.25
stop @1536.25
Exit 1534.75

Profit 0.5 points

Market seems to be moving down further. See how it would have been if I held on to the trade. That's what I need to practise.

 

[dcarrigan]

Profit 0.5 points

Market seems to be moving down further. See how it would have been if I held on to the trade. That's what I need to practise.

hi new trader nice to see your making points.
imo your profit of .5 is misleading to yourself . as com will take up approx .25 of that.

 

[new_trader]

hi new trader nice to see your making points.
imo your profit of .5 is misleading to yourself . as com will take up approx .25 of that.

Hi dcarrigan,

I understand what you are saying but want to develop my confidence through genuine trading experience. I will hold trades longer when I become more proficient. However, commission isn't 0.25 points. I trade through a direct access broker and they charge $5.80 R/T. So I make $19.20 out of 0.5 points. Nothing to get excited about it is only 1 contract. If I traded 2000 contracts...imagine...:-0

 

[new_trader]

long @ 1536.75 at 15:10:36
stop hit @ 1535.50 at 15:11:00

-1.25 points

 

[new_trader]

Not a good day

short 1533.25
Stop hit 1535.00

-1.75 points

 

[new_trader]

I NEED MORE PATIENCE.

My direction sensing is improving but I am entering too early. If only I could enter where my stops are....:|