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I believe by a ramp he means a quick favorable move in his direction. An EOB stop is an End of Bar stop where you place your trailing stop just below the L of the bar (3min, 5, 10...) if you're long. This works well towards the end of day or after a fast ramp up or down in prices.

I agree, the native stop limit would have to be superior if used with a decent limit range. I wonder if you're put in the cue with the native limit stop orders? I would think you would be, with a very good chance of getting in ahead of the manual entry people.

Wally, did your systems catch this rally today? I'm reinstalling the gap module into my system, as there have been few gap and traps the last two months. Of course everyone is thinking the same thing so this will change soon. I was using discretion today to go long and the price never...

One strategy I've thought of trying is to place stops on either end, but also limit order stops (with a wide limit range) a few points away to take the quick profit automatically. I've noticed placing orders manually on those quick moves is tough due to extreme lag. Of course this would make...

I know those Greenman days well. Those are official vacation days for me in the future. Last one caught me with 4 ES contracts going the wrong direction. :mad:

Maybe the good ole' days are coming back. Waited for a small pullback to get long this morning and it never came. In hindsite, should've put buy and sell stops above and below the 30-min bar in anticipation of the 10:00a.m. news. Anybody do this on news days?

11/25/2002 Trade #1 Went Long at 933.25 in morning with break over pivot, but was forced to flip and reverse at 929.25 for a loss of (4.00 x 2 x 50=($400.00).. The market sold down below the pivot. Trade #2 Went short from trade above at 929.25, eventually holding until my breakeven...

Wal-Mart vs. The Bon Marche

That's pretty much a stock system I used for years with good success. It works best with volatility and range expansion, but over a period of time, both of these usually occur to give an overall profit. I liked it with stocks because you could apply it to a whole portfolio and have lower...

I like the 30 point moves because it means big profits, usually, with the same size losses. The system doesn't require it, it just excels on big days. I've read the Vix drops as the market goes up and people become content (less risk) and the vix goes up when the market goes down (more risk)...

11/22/2002 No actual trades today. With such a small opening range I decided to use my sometimes-useful discretion and sit out today. These small ranges are my systems Achilles heal, so if I could avoid them all I’d be set. The system had three trades (3.75) + (4.75) + (.50) = (9.00)...

Thanks DB. When the first hour's range is 7 points, and its contracting, thats one good indication. I think the longs are going to run up the back of the shorts today, and create another positive close. Don't think I'll miss much by not participating though, with these huge 12 point ranges...

Yes I agree. My opt out is two stop outs either direction creating a channel. Kind of expensive, so if you have another suggestion let me know.

I'm just saying that from the point of view that we are overbought and technical levels were broken to the downside yesterday (short-term) that were ignored. This is bad etiquette on behalf of traders, if they were the one's responsible (which I doubt), who know the rules and should help drive...

Interesting how the market is taking out the interim S/R points and reversing immediately. Everyone is in range mode now. These are days I hate with this system. The traders are trying to sell this rally since yesterday and someone keeps buying beyond reason. Must be the public finally...

Yes, that's what my wife tells me.

Yes, it's become the discretionary systematic trading journal. If it was performing like it has the last year, it would be easier to take all the signals, but this month it's really struggling. I noticed in past months with narrow ranges the W/L rate averaged 35-45% and the R/R was around 1.5...

Looks like today will be a narrow range with a selloff at the end. Can't be sure with all those crazy buyers from yesterday possibly still hanging around, so going long and short both have risks. Going to sit today out most likely. My first buy signal was 932.50 which I skipped. My stop...

I agree on the addenda. Normally I end up breakeven taking the 30-minute breakouts, with several small losses offset by a big gain over a period of time. However, the break against the gap has tested profitable using this method, so I do take those. I also think there's something peculiar...

It was a trade from my system so I should've taken it. Since things weren't acting normally up to that point, I was going to call it a day with a small loss, but not wanting to miss out on a redeeming trade I followed the system. From now on I'm not trading against a trend day, it's not worth...