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Long 28.50 Stop 25.50 Target 1 31.50 Target 2 5pt trailing stop (after target 1 hit) Target 1 hit Target 2 stopped out at +.5

How much volume do you do that you could gun for a stop? The most I've ever traded is 12 contracts and usually its 3-6. I don't think my volume will gun out a stop. Rather then upping my size, I've started trading other markets.

I already think the correct stop is just below 1228, but I am more aggressive in protecting against loss then you. I'm willing to get stopped at BE + a tick or 2 but that is just my philosophy vs. yours.

Stop moved to BE

I should have added that ET and this thread in particular has helped me a lot more in stop placement.

Short 1233.00 Stop 1236.00 Target 1 1230.00 Target 2 5pt trailing stop (after target 1 hit) Stopped out in full.

Is anyone reading between the lines here? I hate to point out the obvious (at least to me) but here goes. Based on the data (although small sample size) it looks like if r10 goes more then 5pts, the probability of going to 10pts is quite high (our sample size it was 100% on actual...

I used to think this as I got stopped out a lot. As I got better at stop placement, (outside the noise) this was no longer a problem. I do tend to use larger stops though then most. Good luck I am currently long (see previous post)

I have traded like this, but haven't tried it for r10. I had 1232.50 as the next short but it didn't get hit. Edit: 1233 even.

Stopped out on the above trade for a few ticks. Reentering this trade, however using ESZ8 now. Long 1227.00 Stop 1219.00 Targets 1247.25 and 1256.00

(This trade would have just been stopped out in full if we had used the original 5pt target)

So that we can see reaction high and lows better, I will be changing over from a 5min chart to a 512tick chart.

First trade, Short 22.25 (on ESZ8). Stop 25.25 1st target 19.25 and then trail stop for open ended target. 1st target hit, trailing 5pts for second target. 2nd target stopped out for -.75.

I'm going to change the strategy to the above. Having a 5pt target has not been a benefit as I intended and has actually been a detriment to the system. With the ES contract rolling over today, I will be using the strategy on ESZ8 going forward (this will help for easeness in tracking the...

I was looking at a tick chart, thought I was looking at the 5min. My bad. Anyways got stopped out on this trade.

My crystal ball says we see 1256 as the high tomorrow.

I was using 40.50 as the high. Just got long at 30.50

R10 short at 1239.00, stop at 1242.00 Edit: Stopped out. You're right, I probably should have shorted at 1240.50. Curious to see what happens. Stopped out either way.

Stop to 1229, slightly lowered my first target to 1247.25

Second target hit. Again, first target and trailing stop have not had intended effect. If we had not implemented those, we would actually be profitable right now. Anyways, we are down about 1k (based on my calculations) I ll take a look at official brokerage statement tonight...