no I bought vowel! btw. I have Trader28 to thank aka YOU to thank for part of my success. That SPM gave me some nifty clues and cut my learning process considerably. Now, every time I take $$$ from the market I feel a little bit guilty. And to think that a convict would be so witty as to devise such clever method. What is this world coming to? Btw. State your number inmate!!!!!!!!!!!!!!!!!! (before you go nuts...I am just f.....ing with you). You are a smart lad just a little weird, ok a lot, but living in NYC have made me used to your kind of folks. Anyways, happy trading!!!!!!!! And do not forget to bring some $$$$$ to the market tomorrow, Daddy needs a new car!
You are right...I am eating all right. So far so good. I will never forget my first $50 made from the market.
Here are today's trades. Took 10 trades to reach 3 ES, because I was "lucky" enough to go long at 9:59 just before the housing numbers took the market down. So I started with a -4 points loss and worked my way back. If we take off the commission that is still 2 ES net for the day... In my Verisimi journal I posted a 5 points trade this morning real time, but that was for longer term, although I covered it when I saw the market was going to bounce.... So I guess the weekly 5 ES gain is already done. I should take the rest of the week off...
It is rather irrelevant, since this is fakemoney. I always count in points when comparing systems... What was nice coming back from the first losing trade and having 8 consecutive winners to reach 2 ES net by 2 pm... The OP asked for a system making just 1 ES point net a day. Just wanted to show that it is possible. My average for these 2 days is 3 ES net, of course not everyday is like this, that's why one has to keep pushing when the conditions are there to make up for rainy days...
A moving average can give you good opportunities for a point a day or more.................... http://www.elitetrader.com/vb/attachment.php?s=&postid=1411271
again, the issue is not "making a point" the issue is making a point with HOW MUCH risk, etc. here's a system to make a point go long at 9:44 am sell at +1 set a 50 pt ES stop obviously, this "system" will make 1 pt on most days but it has WAY too much risk to the downside people who are starting trading need to understand that trading is about MANAGING risk. game theory, expectancy, etc. are how you should be thinking that is a professionals mindset professionals continually monitor their risk. if you do that, and you have a decent edge, the money will take care of itself fwiw, if you are also only targeting 1 es point, you are MUCH better off trading YM and going for 10 ym pts vs. 1 es point the YM is more cost efficient (spread) and this matters a LOT when scalping
Hi Jon, Care to elaborate a little.....what ema ? what time frame ? why did you take those points vs. other similar crosses and retraces ? EDIT: Looks like 9sma and 3 min ? Cheers