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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.
will cover at 953 or lower
out 953.00, plus 3.5 twice! up an even 20 and wathing (mini low due 3:14)
Down 7 days in a row and new lows today on super light volume....and a 30 min positive divergence and oversold levels...but 30.00 in a bear on the RSI isn't the same as an uptrend.
Long ES at 946.75
buying 946.50, 4 point stop
Tick divergence, 1min RSI oversold, 1 min RSI divergence, 30 min RSI oversold, 946 is sq nine
$TICK rising...
good call kool LOL...
looking for 954 ish, but ill cover 953
SLAMMED FOR A 4 POINT LOSS... up 16 and thats where i call it a day.
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.