GTS, The problem with that is the reversal trade has only happened about 3-4x in the last two months.
Steve, I am very thankful you took enough of an interest to post your thoughts. I have lurked on ET for several years so I know your skill...
Steve, You are correct. Once it goes through the stop the MIT order is in opposite direction. This order has a limit of 3 points and stoploss...
Steve, I totally agree that we've had an incredible run and the hit rate has to be high. At least for the last two months I've only had 3...
Steve, For the last two months, this strategy has netted average of 20+ points per month.
Going live today with this strategy..long ES @ 1516 target 1518 stop&reverse @ 1510
Pekelo, You hit it on the nail. I did some numbers on the back of a napkin and thats when I decided all I need is an average of 1-2 points a...
Ursa, How will I know if a given setup will workout or not unless I take each one with goal of meeting the 2point target. The normal volatility...
Fearless, I appreciate your honesty. Since these are the constraints I can trade under, I will pursue them and let you all know how I fare....
increasenow..i dont use any platform..just Xpresstrade as my broker. They allow me to enter bracket orders which is what I plan on using for my...
This is based on backtesting. Once it goes in 1 direction a certain number of ticks..the momo is likely to continue at least enough to allow you...
Fearless, I am trying to find the right medium between high expectancy and reality. While most of the successful ES guys trade fulltime, I am...
Fearless, I understand your concern with the risksize. While I am not looking for 100% accuracy, my expectation is to be on the right side of...
Thanks JJ, I follow yours and Apex's trades in the ES Journal and hold both of you guys in high regard. I have learned alot watching you guys...
Thanks for the links Steve. My plan is to risk 15% of my account per trade with a stoploss of 50% of the ATR14. I deposited 10,000 since it...
Got it... it seems the best traders use price only w/o any indicators. Thanks again!
Fearless, I find your comments enlightening. Can you explain how to "see" the ledge? Can I see this via range bars or am I not getting your point?
Thanks for all your feedback. Regarding 100 pt DD...I am not following why I would take on that type of risk to make a mere 1-2 points. It...
Hi all, New to futures and am setting what I hope is a reasonable goal of 1-2 points a day. I'm looking into TICK strategies, Pivots and A/D....
Separate names with a comma.