I use a bracket when I order of 2 tick profit and 4 tick trail stop. Most of my trades are market orders so the bracket is actually 1 up and 5 down. The market order almost always ticks up one therefore the trailer tightens by one so the bracket is actually 1 up and 4 down. My algorythm expects a trade of less than 2 minutes. Last week my trade was much less which means a higher win rate. As far as your system goes, the money management is called geometric progression and in theory doomed. If you double up and double up, sooner or later you will get stomped out from lack of margin. If you had unlimited funds and the ability to place unlimited amounts of orders, the chances of you busting may not happen in a lifetime. So, the less you start with in your margin account, the sooner you will meet doom. My understanding of geometric progression and how it applies here.
Stop looking at it all with sim in your head. Just go in there live and try it out. After all, you're just risking 1-2 ticks per trade. Think of it like a business. Some days you make money, some days you lose money. When building a business, the business owner will have bad days, yeah? Do not seek perfection right out of the gate, and go live RIGHT NOW AND SEE WHAT HAPPENS when you trade with real money. Stop with the super-critical analysis, because it will mean absolute dick when it is real money. Stop trading sim. Stop trading sim. Stop trading sim. You have graduated. Congratulations. You have done all the analysis you can do, you have done the mental calisthetics. Now it is time to try it in the real world. Take the diapers off, get in there, and test your mettle. It is surprising that with as many posts as you have, you are still questioning your own methodology. And there is one other thing I wish to bring to your attention...Something you typed above... " The Bid at 2840.75 displays 28 contracts over a green histogram (visualize the number) are there any sellers? These number of contracts displayed change wildly at times and many of them are not real. The Time & sales prove it. The Ask (Offer) at 2841.00 displays 56 contracts over a red histogram (visualize the number) are there any buyers? These number of contracts change wildly at times and many of them are not real. The Time & Sales prove it." So what did your T&S prove? That the bids and offers were not real? They WERE real, for milliseconds. Welcome to trading in the REAL! FREE YOUR MIND! If you do not understand what is going on in futures, then I weep for your future. Just don't WORRY about it! Oy!
What does it mean when a huge contract prints but nothing happens to the price? I saw it once..my quote diplayed actually replaced the price with the number of contracts...this was in EUREX. ES
Overnight... I appreciate your post and analysis. I am not ready. Look I am not a novice trader and going live does not mean jack to me. I honestly do not understand the DOM. That last short I took was because I put an EXPMA on the OTR charts because the YM leads the ES. I saw the divergence. Sprout did not intend for me to trade off charts when he gave me the layout. ES P. S. I think you are misunderstanding what I was posting about when talking real...Orders are posted and pulled...computers also do this to show a picture that is not real. The print is the print...but when I see an increase in the contracts and there is no print...where did they go? I am watching CALLumbus video again...ES out...
"because the YM leads the ES"... No, it does not. "Look I am not a novice trader and going live does not mean jack to me." If that is true, then your posts mean jack to everyone here. It is actually insulting to this community.
Hey Savant, the bouncing is the auction. The "tug of war" point. When it goes back and forth rapidly it is like a train in the station getting ready to leave. Unlike a train, the SP will advance or decline as it sees fit(market price) and leave in either direction. Invite me to a private thread and I can explain to you what I've learned. i lost for a long time and am only profitable for 2 years now. be glad to share with you.
Sim sim sim sim sim. You have over 15K posts here. What is your bag? Just do it for real man, and come back with real money results.