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ES 10-09-08


buying @ 998.5

stop 994.5

i think it goes to 1010 - 1015 and back to the lows.
long 2@ avg price 980.00, stop 976.50
fwiw, since the run up to 91.5 big $ has been relatively net flat until that last break out from 77.5 when the did a spike buy. they are now -4k for the day (approx -40k at the trough today) and small $ is + about 7k contracts. bigs -6k now (@77.5)
dam, stopped (stupid trade against the 1:24 peak) down 3 on the day
long 975
It seems to have just kissed the descending line we had formed today.
out 979
Told ya, lol
Nice 1 Pop
note the bare min proj was just hit
Short one at 987.50, 4 point stop
quote:
Originally posted by koolblue

YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!



Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.