But to answer your question. No, es isn't going anywhere until it shakes everybody out. If you see it moving like a fast train, that's because it is running light with no one on board.
oh yeah, I have one that uses 1.75 stops and 2.25 targets. This is the one I use when I don't have a clue. Sometimes I just buy the next even number and sell the next odd. But it is a good one to shake you out of your foolish notions. You can trade it all day and at 50% you still walk away with...
It is an interesting problem and an endless one. I am convinced no system can outperform a fixed stop converted to a trail once price has moved in your favor the distance of the stop.
But that method requires great patience and an unpredictable drawdown.
Method 2 is to stop viewing stops...
Have you ever noticed how many 7,2,7 patters there are? Like the title of this thread
success- 7 letters
in- 2 letters
trading- 7 letters
They say those who know don't speak
I know
But I don't talk about it
(Haiku, 7/2/7 variation)
It became a serious problem for me. My personality actually split. I became two different people. My trading was successful but my life was not.
But that was the past. Today I live my life like I trade. And the funny thing is. I now have everything I thought I would lose if I lived like I...
Load em up, strip em down. I do it all the time. Like today, I just put up the 1 min chart. No ma's no nuthin. But even then, it doesn't take long before you are looking for hammers and pennants.
You just set up your chart so it helps you see what you are looking for. Sometimes that means...
I guess it aint 4 handles down here anymore. So probably the prudent thing to do if you want 4 handles protection is wait until the S&P hits about 1300, then enter your market order.
trader: I thought you were supposed to reenter at .3% if I didn't get filled!
Ib: We did, but it just kept...
right, 4 handles away from the market, so, I suppose in a seriously moving market, you could theoretically not get filled with a market order, but in that kind of a market, surly you would be on the right side laughing it up and riding it out.
this is crazy. If you want a limit to serve as a market, why use .50? I have had a stop get filled .75 past the stop price in a fast market.
I guess using a limit saves tws from having to go to all the trouble of converting a market order to an aggressive limit, but you can just as easily do...
Lobster, an example would be, let's say the market is in it'e usual quagmire at 894-897. Your chart shows heavy resistance at 901 and light resistance at 906.
You just sit back and wait for the batlle at 901. If the Bulls win, you join their victory parade to 906 and go AWOL until that battle...
Lobster, You just draw a line and say, "If prices hold here and reverse That's bullish, but if they break down through this line that's bearish." And you trade accordingly.
S/R doesn't measure anything but the strength of the markets memory. When the market is able to forgive the past, then...
If you set up a chart using line on close and add 1,2,3,4,5,6,7,8,9 and 10 period channels, you can make a chart that looks just like a super moto X track.
I got the idea from watching ESPN2.
Makes you feel like you are right there.
Now what was the question?
yes, futures are 1256 contracts. Take a look at 6781, that should answer your question. The info from 6781 then goes on sched D.
(you do not need to list every trade)
no comment, except on the situation you asked about. In your specific case, as soon as your target trades, you hit a hotkey which moves your stop up 5 ticks. It is very quick.
If you're using tws, the whole thing is a bracket trade and the OCA status of the stop and limit remains in tact even...
that's like asking the Fire Dept to set up your business plan. "Well if there's a fire, this is what you do, and if there's no fire, then that is what you do."
Try separating your disaster procedures (stops) from your business goals (targets).
For those that need a translator, that means...
symbol like ES, then a brief description of recent activity like U for up, D for down or F for flat, then the vendor like DTN, then the quarter S for Spring S for Summer A for Autumn (some use F for Fall) and W for winter. There is no distinction between Spring and Summer, both are S so the...
tws has a trailing stop option. You can enter it as a separate order, or combined as an auto stop with a limit. It is not however available as an option with the tws bracket trade.
If you're having trouble reading the market, all you have to do is enter a trailing buy and a trailing stop...