QUAH, Congrats on a great performance, this is truly impressive. I hope that system line creeps upwards nice and slow. --MIKE
quah, first of all, you're a good guy in my book. you have a clever system and you've been very helpful to everyone here. you've run this thread well. i'd like to ask you a couple questions..they may have been answered already..i'm not sure. say you go long trading ES, you get stopped out and take a 1.25 loss. now you also reverse immediately, so you're short. is your new target 1.25 or 1? i assume 1, but some people call the SAR trades break even trades..but they're really not break even because there is a .25 difference. correct? i just want to be clear. the other question is, do you have any other rules besides the actual trading? like do you stop trading if you have x losses in a row....or any other rules like that? thanks
Summary: ES +6.50 points. 13 trades, 10 winners, 3 losers NQ +18.50 poinrts. 15 trades, 11 winners, 4 losers. The Excel spreadsheet files contains the daily and summarized details.
The target on a reversal is +1.25 on ES, or +3.50 on NQ. Thus a true breakeven for the timeframe less commish. No other rules about stopping or anything else unless the Baywatch girls stop in.
Hi Quah and All , I was wondering if you have a file for your ensign chart to share with others users. Would be very nice to have those fib time series plotted on my chart I think your stoch 34 2 34 on 1 min chart uses a simple formula , not exponential. Right? Thanks from Italy! Marco P.S. I use myself a system on daily charts that at first sight seems completely crazy , but you know what.. it 's being working for me 5 years now, so I m REALLY openminded when it comes to Trading
Marco - If you have Ensign, just use the fib cycle tool to put those lines on the chart. One click. And yes, simple formula.