Fed day tomorrow so it is going to be another wild day. Here is a RoapMap for tomorrow. Becareful out there.
Nice journal. Not verbose and right to the point. Perhaps I missed it, but can you explain how you scale out of an ES trade that goes in your favor (please include trailing stop method). Thank you very much.
Thanks Allen. I used simple volatility for trialling stops. As for exits, I used VWAP lines for partial out exits. There are so many methods out there for exits. The key is to find one that you like and stick to it.
Ok folks. Here are the results for today. Big Ben was on board today so volatility is expected. Anyway, system have 3 winners and 3 losers. The current environment is news driven so becareful out there. Once the market calm down the winning % of this system should improve.
I'm sorry, I don't understand all the buzzwords and acronyms. Can you simply explain your exit strategy?
Allen, Here is a pic of the ER short today at 671.1. It show the VWAP Bands I use for exits. I partial out at those lines.
Well today is pretty good. System resulted in 5winners and 2 losers. I missed the ER short in the morning because I woke up late. But was able to make it up later on in the day. Bud