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Good morning db, I entered at 2 pts below 5 minute low of 996.5 at 994.5. Things turned around fast from the low so I wasn't very nimble on getting out of the short. I entered long at 1006 and 1011 was my target as I have ATR as around 25 and 1010 was 25 from low to high so exited +5...

Fading the gap was a nice trade this morning after first 5 minutes. Glad I got out before the news even though profit was only 3 pts after being +9 but it could have been worse.

inandlong, When I first started reading this thread I noticed that you and db kept taking shots at each other. At that time I was fairly new on this site and was surprised that the moderator was so combative rather than attempting to "Moderate". I finally wrote a post asking for a cease fire...

Hi Longshot, I think what happened is db moved his stop to b/e when 1007 was reached which was a 4.5 pt move instead of 5. This was one of those rare times when if you had waited until 1006.5 was reached you would have not gotten stopped out b/e. Jerry

No trading for me on this volume, didn't want to push my luck. However, the short at 1011.50 would have been good for around 10 pts and 6 to 7 hrs of exciting action. Nottttt! I decided to watch it snow which it did all day here. :cool: Jerry

Hey db, I'm backtesting a few things just for fun. Checking to see results if only morning trades were taken, trading only in the direction of filling the gap in the morning and using a longer term trend to take only trades in the direction of the trend. I'll let you know. Jerry

Hi Db, Sorry about my last post. What I meant was the idea would be to wait for the breakout in the direction which would fade the gap. I think this is what you meant as a possible addition to the system. I was just unclear if that would be done on a day like today in which the gap was...

Hi Db, Are you saying the idea would be to trade in the direction of the gap even though the gap is relatively small such as today's gap(less than 1%) or around 6 pts? Thanks. Jerry

Hi Db, I put a stop above the 1021.5 bar and exited at 1022 since we were close to the atr target and I was probably just antsy to take profits on a day like today and holding onto the trade for 3 hrs. I am working on my patience and today was a definite test. Thanks. Jerry

Entered DB breakout at 1045.50 and stopped out -5, entered reversal at 1037.50 and out 1022 as atr number was close and stop hit above bar. +10.5 for day. Bad day to trade probably but it worked out.

Hi DB, i got in at 10:10 TS6 time at the break of 1030.50. I drew a trend line on the 5 min chart from 10:39 to 10:57 bars and got out on a break below the 11:00 and 11:03 lows. Was 11:00 exit a mistake, i seemed to get most of the move but maybe i was mistaken getting out there. Let me...

Long with the DB breakout at 10:12 for 5.5 pts. Out at 11:00. Jerry

DB, Your post was very helpful and much appreciated. Thanks again. mojo

Hi DB, I have been paper trading your method and notice you generally avoid the days when the system takes its worst hits. Do you have any ideas that a relative newby may use to recognize these days as my "Feel" for the market hasn't quite developed yet. I have thought of putting volume on...

--Db Hi Db, It looks to me like the es and nasdaq broke out within 2 min. of each other. I am not sure why you would not have taken this trade due to the action of the es. Thanks. Jerry

DB I really enjoy your posts in this forum. I need clarification on a couple of points however. How are you using your trend line and LRH/LRL to exit your trades after you have captured a 5 pt. move and your s/l has been moved to b/e. Also I'm not clear on how your reversals work. A chart...

Fundamental analysis.

I think the exits are the most difficult part of the crossover systems for me. Trading 1 ctx it is very difficult to know when to get out. Longshot, what market are you trading with a profit target of +10? The stochastic can't be used as a stand alone exit signal. I would appreciate...

Hi Cathy, I enjoy your posts and am trying to learn the finer points here. Why did you not exit your 2nd trade this morning at 10:33 when the stoch crossed and why did you exit when you did as their was no ma cross or stoch cross at that point. Thanks.

I feel I can learn from both DB and inandlong as well as other people on this forum. It would be nice though if DB and inandlong would quit the bickering now. It gets old and is annoying. Thanks