Somebody said here, that your Broker Assisted Trading program was stoped with a loss. What was the reason for stoping?
We were using a mechanical system for the BAT program and that system had a stop loss in. When the stop hit we closed the program. Brandon
classic breakdown setup.. nice 3 1/2-4 pt drop into price support in the ES. nailed the lows very well because it was the morning lows and thus easy to target
15 minute bear flag... took slight loss because it broke over 5 minute 20 sma and looked to keep going
bear flag on 5-15 minute... initial target and scalp target on all was previous lows zone at 1025 price support.. partials for longer than a scalp... remainder on larger term had stop as the 5 min. 20 sma broke
this one was a 15 min bear flag... even though it hit an equal move.. typical target.. the larger chart had a lot more potential but since it was a daytrade it was closed by the end of the day due to not wanting to hold in this environment
I will continue posting under my journal at: http://www.elitetrader.com/vb/showthread.php?s=&threadid=14962&perpage=6&pagenumber=1
Brandon, why did you lose money in the elocal managed program? How much did you lose? What does that say about you as a trader?