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Search: Posts Made By: Lmess
Forum: Emini and Emicro Index July 7th, 2011, 12:04 PM
Replies: 82
Views: 35,924
Posted By Lmess
I was actually thinking of starting a journal...

I was actually thinking of starting a journal yesterday. Maybe I'll start one and just leave this thread for basic stuff, questions about how my strategy works, or any changes I make to the strategy....
Forum: Emini and Emicro Index July 5th, 2011, 10:49 PM
Replies: 82
Views: 35,924
Posted By Lmess
I will be cutting back in my trading. During this...

I will be cutting back in my trading. During this last month, I took almost every setup that met my criteria. I usually don't trade that much. Those 5-6 trades I took just one day was a new record...
Forum: Emini and Emicro Index July 1st, 2011, 09:53 AM
Replies: 82
Views: 35,924
Posted By Lmess
I am not sure I will be taking any trades today...

I am not sure I will be taking any trades today as price has been ranging and we are coming into the holiday.

:tgif:
Forum: Emini and Emicro Index July 1st, 2011, 12:30 AM
Replies: 82
Views: 35,924
Posted By Lmess
Two trades were taken this morning in the ES....

Two trades were taken this morning in the ES. Similar to yesterday, the first trade was a 3 tick winner and the second trade was a 5 tick winner. Price then went mostly in one direction and close to...
Forum: Emini and Emicro Index June 29th, 2011, 11:34 PM
Replies: 82
Views: 35,924
Posted By Lmess
I did not have time to record a video today....

I did not have time to record a video today. However, I took two trades, and some internet problems saved me from a 3rd trade which would have resulted in a loss. The first one was right at the 50%...
Forum: Emini and Emicro Index June 29th, 2011, 12:47 AM
Replies: 82
Views: 35,924
Posted By Lmess
I took 3 trades today, the first was a loss of 6...

I took 3 trades today, the first was a loss of 6 ticks and then two 4 tick winners for a gross profit of 2 ticks. In this video I talk a bit about how going from extended to regular fibs can affect...
Forum: Emini and Emicro Index June 27th, 2011, 07:51 PM
Replies: 82
Views: 35,924
Posted By Lmess
There were no trades taken today in the ES. In...

There were no trades taken today in the ES. In the early morning, price moved in one direction without any major retracements and that led me to draw an extended price fib. Even with the extended...
Forum: Emini and Emicro Index June 24th, 2011, 03:35 PM
Replies: 82
Views: 35,924
Posted By Lmess
Here's the video for today's price action. I only...

Here's the video for today's price action. I only took the first trade and 2 more setup that I did not trade.

http://www.youtube.com/watch?v=EXvjO5YLXD8
Forum: Emini and Emicro Index June 24th, 2011, 01:27 PM
Replies: 82
Views: 35,924
Posted By Lmess
Don't worry about it, and I apologize if my last...

Don't worry about it, and I apologize if my last post sounded harsh. That was by no means my intention.

I noticed from your journal that you also use fibs in your trading, so feel free to post...
Forum: Emini and Emicro Index June 24th, 2011, 01:06 PM
Replies: 82
Views: 35,924
Posted By Lmess
That's usually what trading rooms do. They show...

That's usually what trading rooms do. They show their charts and either show their DOM or call out trades with entries and exit levels, if they call themselves a live trading room. At least that's...
Forum: Emini and Emicro Index June 24th, 2011, 12:47 PM
Replies: 82
Views: 35,924
Posted By Lmess
Seems like a nice website and very inexpensive...

Seems like a nice website and very inexpensive too. Do you know if he calls out live trades? Because if he does, then this is one of the cheapest live trading rooms I've seen.
Forum: Emini and Emicro Index June 24th, 2011, 10:07 AM
Replies: 82
Views: 35,924
Posted By Lmess
Hi guys, I just took a short at 1274.75 and...

Hi guys,

I just took a short at 1274.75 and covered at 1273.50 for a 5 tick profit. I don't want to overtrade as I did yesterday, and since it is Friday :tgif: this might be the only trade I take...
Forum: Emini and Emicro Index June 24th, 2011, 12:42 AM
Replies: 82
Views: 35,924
Posted By Lmess
I took a lot of trades today, 6 to be exact. I...

I took a lot of trades today, 6 to be exact. I ended up with a PnL of +5 ticks, which after paying commissions was not much, somewhere around a 3 tick net profit. It was a good day for my broker...
Forum: Emini and Emicro Index June 23rd, 2011, 09:23 AM
Replies: 82
Views: 35,924
Posted By Lmess
I did not take any trades yesterday. I skipped...

I did not take any trades yesterday. I skipped the first trade of the day as the market changed trend consecutively several times before the market opened. So I waited for direction, but once it was...
Forum: Emini and Emicro Index June 21st, 2011, 11:24 PM
Replies: 82
Views: 35,924
Posted By Lmess
For today I only took one trade for a 5 tick...

For today I only took one trade for a 5 tick profit. Price then traded in one direction for the rest of the morning without any significant retracements. At the end of the video I discuss how I use...
Forum: Emini and Emicro Index June 20th, 2011, 06:55 PM
Replies: 82
Views: 35,924
Posted By Lmess
Thank you aquarian1. Here is how I traded...

Thank you aquarian1.

Here is how I traded today's moves in the ES. I took 3 trades. One was right at the open for +4 ticks, then took a loss of 5 ticks and one last trade for +4 ticks. So net...
Forum: Emini and Emicro Index June 17th, 2011, 09:50 AM
Replies: 82
Views: 35,924
Posted By Lmess
Like I said in my video, I did not take any...

Like I said in my video, I did not take any trades yesterday and will probably not be taking any today. Price seems to have over-extended in pre-market hours. It just came back down to a 50%...
Forum: Emini and Emicro Index June 15th, 2011, 08:00 PM
Replies: 82
Views: 35,924
Posted By Lmess
I took one trade today in which I was stopped out...

I took one trade today in which I was stopped out for a loss of 6 ticks. Then I stopped trading as I don't like to trade that much on OP EX week.

http://www.youtube.com/watch?v=EtDr_0pEMGU
Forum: Emini and Emicro Index June 15th, 2011, 09:30 AM
Replies: 82
Views: 35,924
Posted By Lmess
Your welcome. I sometimes just add a level...

Your welcome.

I sometimes just add a level at 45% to measure the 75% distance between 23.6 and 50, although I'm aware that the proper level is 43.4%. However, that line is not always necessary as...
Forum: Emini and Emicro Index June 15th, 2011, 09:24 AM
Replies: 82
Views: 35,924
Posted By Lmess
I've never considered trading CL as it is too...

I've never considered trading CL as it is too volatile for me. I will see how this system works with it and will let you know. You can also draw fibs on it and share your findings with us.
Forum: Emini and Emicro Index June 14th, 2011, 10:23 AM
Replies: 82
Views: 35,924
Posted By Lmess
This is a video I shot using the fib strategy on...

This is a video I shot using the fib strategy on other markets without any rules as to what the minimum and maximum spread should be between pivots. The final results were:

6E-------3...
Forum: Emini and Emicro Index June 14th, 2011, 09:24 AM
Replies: 82
Views: 35,924
Posted By Lmess
The ES made a big move overnight. It seems price...

The ES made a big move overnight. It seems price is now consolidating. During pre-market hours, price broke through the 76.4% line on 4 occasions. So I am going to wait for the market to show...
Forum: Emini and Emicro Index June 14th, 2011, 12:25 AM
Replies: 82
Views: 35,924
Posted By Lmess
Honestly, it's just a matter of my personal...

Honestly, it's just a matter of my personal preference. I don't like trading in the afternoon. I feel more comfortable trading in the morning. That's the only reason why I cut my trading at 12 noon....
Forum: Emini and Emicro Index June 13th, 2011, 07:21 PM
Replies: 82
Views: 35,924
Posted By Lmess
Here are the trades I took for June 13th. There...

Here are the trades I took for June 13th. There were 2 trades, one for +3 ticks and the other one for +5 ticks. I did not take a trade at the open as the stop would have to be more than 2 points and...
Forum: Emini and Emicro Index June 12th, 2011, 10:22 PM
Replies: 82
Views: 35,924
Posted By Lmess
Here is a link to an article that talks about the...

Here is a link to an article that talks about the money management strategy I used. It is the fixed ratio money management style.

Fixed Fractional and Fixed Ratio Money Management Styles - For...
Showing results 1 to 25 of 46

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