I have a system that guarantees 3/4 of a point, each and every day. Frontrun the guy looking for the full point.
what did BALDA mean when he wrote: "Very simple rules.Buy Higher high or Sell Lower low in a last hour"...seriously wanting to know...thanks...!
Exactly correct BB. However one should never confuse difficult with impossible. Another maddening realization is that if 4 tics can be pulled from the ES daily by careful observation, then it can be done more than once per day. Equally difficult but again by no means impossible.
I gave up this idea a couple of years ago due to draw downs. But at that time when it was back tested it showed 1 point profit on average per day. Exit on the close. It is also confirms statement that market makes it first extreme (daily high/low) during first two hours of trading. If you'll ask, some might even post current back tested results.
ES trading PROS...do you think the ES generates enough possibilities each day to simply generate 1 ES point per day?...what are the set-ups and indicators to look for?...MACD level etc...what are almost "gimmes" for simply 1 ES point????
gee, i was gonna say the same thing. bbs and ema is what i use myself: together they give you enough signals and if you need more add fibos, confident he'd do well.