Search results

What else of this idea? Is there a fundamental flaw in a system that backtests using the bar's close? Is it more likely to incur slippage?

Even a monkey could construct a simple system based on technical analysis, backtest it and show at least a small profit. If it were this easy, why doesn't everybody do it? We know slippage and commissions eat into the profit... but what's the catch about backtesting? How realistic are these...

Ray, Do you scale into these positions of 16-25?

My ahp = 7 min.

Nope. I shoot all 4 at once. Anybody else care to comment on size? How many can you move?

Yes, and those 8pts are to prevent a runaway breakout. I backtest without stops.

I trade 4 most of the time. Most I've done is 6 ES.

I am curious how much volume you've been able to push in the futures markets. Are there any heavy hitters out there in ET land?

I second this notion.

We might be missing each other here... Is it too general of me to describe choppy as "sideways trend?" I'm not saying what we have now is necessarily choppy. I meant for this thread to be hypothetical.

To those of you who stop trading when the market gets choppy: How do you identify chop? On an intraday basis? When then do you resume trading? I have found that when trying to wait out the chop, I miss the breakouts.

It would seam that the more discretionary I trade, the more I lose/give back. I am working hard to keep it mechanical. discipline... easier said than done.

Thanks... not a few weeks... This is the result of over three years of experimentation. And many, many, many late nights... :D

I am always flat at the end of the day.

My trading plan performs poorly in choppy markets too... but how can you see the chop coming? I can't see chop coming any easier than I can see a top or bottom, that's why I follow a strict system. However CHOP (or consolidation could be another name for it) still is the weakest link in...

What are some strategies for trading when the market gets choppy? 1.) Tighten stops 2.) Loosen stops 3.) Take losses and ride it out 4.) Stop trading and attempt to identify the end of the consolidation. I have been following #3, but my patience grown thin... any ideas...

2 Contracts 1 Trade

I now use a "system" that I created. It gives me entry and exit signals. I have just added stops to my system, 8 ES points.

Got up late and was in the shower when my buy signal hit. Missed out on about 6 grand today... :mad:

I agree Publias, see below. (actually on page 6 of this thread)