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Old May 5th, 2012, 05:55 PM   #37
Mercor
 
 
Join Date: Jun 2007
Posts: 4,035
Quote:
Quote from ChkitOut:

ahh, the no stop strategy, brings me back some years ago. I had a run of about 2 months with like a 98% win rate using the no stop strategy. Had the ferrari on order, then had to cancel..
So your complaint here is that it takes to long for Ferrari to deliver.
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Old May 7th, 2012, 10:13 AM   #38
smilingsynic
 
 
Join Date: Jun 2005
Location: North Carolina
Posts: 3,080
Impatient overtrading is another cause. In trying to catch every move, and bleed every tick out of the market, it is easy to end up still down.

Looking for only the trades that can lead to 5 or more points while risking two points seems to work best for me in the ES.

They are there. Almost every day.
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Old May 8th, 2012, 12:32 AM   #39
easymon1
 
 
Join Date: Sep 2007
Posts: 205
Quote:
Quote from dafeeder:

One good thing about the big banks, when they lose their ass, they can just get bailed out by the US Govt.
Privatize the wins, socialize the losses. It's a good thing.
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Old May 11th, 2012, 03:25 PM   #40
gmst
 
 
Join Date: Jul 2011
Posts: 4,357
I don't have any more thoughts to add to this thread as of now. Thanks to everyone who has contributed.

I would like to ask the readers to rate this thread as I think information in this thread is quite valuable for "struggling" ES traders, but for improvement they will need to put in "lots" of hard work to absorb and incorporate different points in this thread into their ES trading. Thanks and Good Luck all!
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Old May 12th, 2012, 09:56 AM   #41
fred1
 
 
Join Date: Jan 2010
Posts: 48
sell es short when it shoots up 10 or 15 points and turns or stops and macd or such signals turn.
trailing stop limit, leave and win about 80% of trades anything from 4-40 points. sounds easy and obvious. all it requires is discipline.
it could also be automated.
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Old May 13th, 2012, 09:07 AM   #42
FrankSlaughtery
 
 
Join Date: Aug 2010
Posts: 849
Quote:
Quote from fred1:

sell es short when it shoots up 10 or 15 points and turns or stops and macd or such signals turn.
trailing stop limit, leave and win about 80% of trades anything from 4-40 points. sounds easy and obvious. all it requires is discipline.
it could also be automated.
not to start a fight on a sunday morning but here goes...

1. just b/c es (or any instrument for that matter) goes up a lot very fast and temporarily stalls doesn't mean it will reverse. there's nothing wrong w/ betting on a reversal just keep a tight stop.

2. i agree that the win rate is high but it's the small % that will blow you up.

3. 4-40 points? where is this range coming from? you could drive a rosie o donnell size truck through that.

4. i agree you need discipline - but you shouldn't have discipline in a strategy that doesn't have a edge.

5. re automation - that's good where possible but see caveat in point 4.
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