ES Journal - 2014

Thanks, do you have a target in mind to cover?

 

S 89.25 stop 4 ticks.

 

So you reduce when you move in to profit too?

 

+4 ticks.

 

its like scalping except you take longer to get flat, you just work a pile of contracts ,adjusting the price til it dumps,imagine the big houses have a a few cargo ships , the take em northstropping at a few ports in between, unload, reload and take em, south stopping at several ports along the way , and weather the storms in between, so you keep adjusting to stay afloat and wait til we get back to the southern port working this bell curve or port at the moment

 

Couldn't trade Monday, and tues-today haven't placed a single day trade. This is some pretty tough trading. Minimal opportunity.

 

filled on 95, add 98.5, avg 95 .5
reduce 89

add 93 25

 

wait to see what's happening at 74

 

Interesting, you reckon this is how the big players manage their trades. So they will be gradually dumping all those contracts and then loading up again when they are done. Makes sense I suppose if you have a large amount of contracts to load\unload and don't want to dump them all at once.

 

I see, so if it burns straight through, just keep holding.