After checking it again, correct. After 3 am there was a 62.75. Around 5 am the 72.75 entry was passed/filled and it dropped back to exactly 69.75 where my automatic overnight system would have taken the 3 points gains. Sorry Sir, but I don't do no directionals...
This is not what I do as I do not believe in averaging in but if it works for you then run with it. I'd like to think jag for opening this journal. The fact that it has opened people's minds and has got them thinking for themselves on strategies instead of trying to follow others is a very important concept in trading.
Ok so I am wrong in my assumptions, then. Therefore,the trade 7075 /7275 or quote, "somewhere between 9 and 11 points", unquote was stopped out ; if the trade was taken at all.
I don't understand your stop placement. If a 9 entry is at 1250 and i short 1, and a 11 is at 1252 and i short 1, the stop on the 9 trade would be 1253, stop on the 11 would be 1255, your average is 1250 +1252 / 2 or 1251 average with a 3 point stop would mean your stop is at 1254, and if market is already at 53 and triggered the 11, then 1 point of wiggle room seems pretty tight to me, but if you make it work then run with it.
Missed by a few ticks. Currently have orders bracketed at 65.00 and 75.50 Edit: Long at 65. Stopped out.
There is so much more to trading then scalping and fighting the trend. I used to be just like you. As you get older you will slowly figure it out.
So then your system would only have you taking shorts for the next two days (as there is the gap from fri-sun below) TIA