ES 10-09-08

buying @ 998.5

stop 994.5

i think it goes to 1010 - 1015 and back to the lows.

got it thought so thnx

Short 989

WOKE up and sold 988.50 for one only, quick scalp

covering now

The reason I shorted was $ticks at the high of day, ES almost at sq nine 993 but was going into it stalled, and 1 min RSI almost exhausted. Covered 983.75 +5.25

out 984.50..plus 4 ..up8.25 on the day... reasons: just the very short term overbought nature of the market(1 min and 5 min)

low coming 11:55-58

buying one 980 area

had to take a market fill, clicked at 980.50, filled 981.50... sheese!

FWIW 973 is -38.2% from the 1576 highs.

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.