tnote10 when start trading?

Discussion in 'Strategy Development' started by dutch_futures, Jan 8, 2006.

  1. I am curious at what point you decide to open a position, short or long, and what makes you to decide to go out?

    For myself i open a small position short after a jump up or a considerious fall.
    From that position i wait till we have about 10 ticks difference up or down, and then i make a reverse movement for twice the contracts i have opened. The second trade i do by another broker so that i have actual 2 different positions by two different brokers.
    The second trade i will close after the price is just a little bit changed, about 2 or 3 ticks, and then take my profit.


    greetings

    dutch_futures
     
  2. There are many threads about this topic of yours (entry method and exit method).

    Many are in the Technical Analysis and Strategy Trading threads.

    http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=33

    http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=34

    There are others in the Index Futures thread.

    http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=13

    You can also use ET search to find many many more...

    http://www.elitetrader.com/vb/search.php?s=

    By the way...welcome to ET.

    Mark
    (a.k.a. NihabaAshi) Japanese Candlestick term