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4re - Well, your 1289 level did terrific with this morning's labor info. That level was clear from yesterday's high. However, I'd like to understand how you chose the 1293.5 level as the next breakout level - especially since that level was presciently the exact high so far this morning...

Hey K-Rock - Thanks for the reference on the ACD breakouts - seems to be another great way of handling breakouts (using intraday data, rather than off the S/R from prior days). Is the 3 pt. band above the 30 min high and below the 30 min a range expansion number that you've come up with...

K-rock - I never really mastered TI's JOT method. Let's try to keep this thread on breakout trading. I'll be glad to PM about TI methods and adaptations thereof. Sandy

K-Rock - I guess they did, in that I didn't take any short trades today. However, I didn't take any long trades either. :( Not a good day for divergence trading (30 minute chart had a clear trend up since yesterday afternoon). Tomorrow should be better for divergences. Maybe I'll...

Which platform do you use to implement your user-defined strategy for order placement and exits?

Would you mind explaining what you mean by "stacks"? Also, do you use TS for backtesting or something else? Sorry for peppering you with all these questions. :)

Very impressive, indeed. If I may ask, how long have you been doing this type of trading on the ES?

I don't watch the news (no CNBC or Bloomberg, etc.), because I don't want to be distracted and I don't care what the news is (for trading). But I do like to know WHEN the news will be released so I can anticipate when moves may occur and watch the action in the markets at that time...

Jimmy - FOMC notes from May meeting will be released at 2pm EDT. Sandy

4re - Do you take intraday breakouts of S/R after a morning with a tight range? The reason I ask is that Fed days (FOMC announcement, or, to a lesser degree minutes release dates - like tomorrow) often are characterized by a tight range before the news release. Then with the news release...

Are your opening range triggers based upon movement from the opening price at 9:30? Do you take into account the size of the gap from the previous day's close? Sandy

Would you mind sharing any further details of how you chose 1277.25 as your first short entry? It sounds like you are rolling into your position as well (adding more shorts as it goes your way?). Thanks. Sandy

Lamont - I'm missing your point regarding one contract versus 5 contracts. With 5 contracts, the commissions will be 5X and the profits will be 5X, so % net return (on margin used) will be the same whether using 1 contract, 5 contracts or 100 contracts. What am I missing? Sandy

4re - Two questions: 1. Do you think it's best to use the previous days' H/L from regular hours or extended hours? 2. Should entries be taken during extended hours of the current day if previous day's H/L is exceeded by 0.5? Yes, both can be tested. Just curious if you had any...

How do you set your bracket size? Is it the same size on both sides of the opening price? Are you looking to go long above the upper bracket, or short under the lower bracket (breakout trades)? What's your method for exit - a fixed number of points for a profit target or stop loss, or...

So Porgie, are your system(s) fully automated - taking you in and out of trades strictly by programmed rules without your involvement trade by trade? If so, do you monitor what the program is doing during the day? Are you using TS for this or some other program? Or are you manually...

4re - No, I didn't mean that you use a 0.5 profit target or advocate that method. You've been clear about your 2 point profit targets (subject to modification based on market action after the breakout). I should have written "If one were to use a 0.5 profit target....." I was simply...

If you're going for a 0.5 profit target, what size of stop loss do you have to use? If only 0.5 SL, just market noise will take you out quite quite often. I worked with a 0.5PT/1.5 SL for a couple months. Had a 90+% win rate in backtesting (which yields a positive expectancy). However, a...

Nice recovery jrlvnv. Are you a reformed TI alum as well? I think I saw you on one of the Franz threads.

I received his system. This isn't spam. He's legitimately looking for feedback. It's a bit too long term for my interests (trades off of weekly charts). That may be appropriate for a hedge fund that can sit through decent sized drawdowns, but not for a shorter term trader like me...