A Very Simple System...

Found something that could help when you decide to tweek the basic strategy on Big Mikes Trading Forum. The title is 'The Overnight Edge", but there is something there that will surprise you related to the daily performance.

The filter could be useful,too

 

Long ES @ 1360, target 1370, stop 1350.

 

Cheers, SD.

Thanks Macho, I will check it out.

 

Covered ES Long @ 1370, +10.

Cumulative P/L: -.25

{{Just realized I didn't post the position close on 5/4. It was -10 (Stopped out), with cumulative P/L -10.25.}}

 

Long ES @ 57.25, Target 67.25, Stop 47.25.

 

Stopped out @47.25, -10.

Cumulative P/L: -10.25 (Eighteen trades)

 

Forgot to post this earlier:

Long ES @ 45.75, Target 55.75, Stop 35.75.

 

Covered Long @ 55.75, +10.

Cumulative P/L: -.25 (Nineteen Trades)

 

Long ES @ 61.25, Target 71.25, Stop 51.25.

 

Closed position at 57.25 (MOC), -4.

Cumulative P/L: -4.25 (Twenty trades).