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Exit: 1317.5 Well today I did not panic and do anything stupid. Just followed the plan. Even though the gain is 0.25 pts. before commissions, it felt good to execute the plan. My target was at 1324 which did not get hit so I exited at EOD. My EOD is 2.43-2.45.

Target: 1324

Bought 1317.25, Stop 1314.25

Looking at the long-term picture. 1299 should be the weak support and 1291 will be a strong support. Although it is hard to say where prices will open tomorrow morning but if today's action is any indication of things to come, then we'll probably open lower than the value-range. Sell-limit...

Well it's true that it doubles the risk but the trades that we take are quality trades where the win% is more than 80. So it does make sense to take half the position at a 4 pt. profits and maybe use trailing stop or reduce the stops on the other half. I have been seriously thinking about...

No logical reason. I had noticed in the past that with this strategy, 4-8 pt. profit is possible. One thing that I've noticed is that, when the current price is within the long-term support and resistance, it makes sense to take 4 pt. profits and when it is above/below the resistance/support...

Range for tomorrow: 1316-1317.

Yes, I did think about that but to be honest I'd like to be in black before I try to do that.

It was an okay day. Although I made 2.25 pts. it was not good. I had the target at 1321.25 based on my past observations, I do not know why I exited at 1317.5. The high of the day was 1321.5. Instead of making 6 pts. I made 2.25 pts.

Bad Decision!!!!

Time Based Exit. Exited at 1317.5

Target: 1321.25

Bought 1315.25, Stop 1311.25

Range for tomorrow is 1313.25-1314.25. If the market opens higher and my buy-limit order is executed, I'll like to see about 4 pts. profits in an hour after the execution. If the order is executed but the market doesn't move within that time-frame, it is probably a good idea to take the...

The range for today is 1307.5-1308.75. Will start trading again from tomorrow.

Here's what I did. Right now the June contract is trading at 10pt. premium to the March contract so I just add 10 pts to it. I look for the high and low for several days and see if it worked at those days too. It is probably not the most scientific way to do it but it has worked for me in the...

In short the answer is yes. When that happens is the main question. Most of the time, it is usually within 2 months but there are several times when it has taken more than 6 months. The only thing is that the longer the duration the severe the reaction.

I did some more research on long-term value-ranges and discovered that prices pause or reverse at those points. For the June contract the prices are 1279, 1291 and 1299. In the last 3 months these prices have been identified as the value-range multiple times. I am not going to be trading...

I guess it is easier said than done. I can understand not letting profits turn into losses but I cannot say the same about rest of the rules. What happens if I cut a loser VERY short and I see the market move up/down 10+ pts. in the direction that I had anticipated. Same thing with harvesting...