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do you always go flat on fridays ?

what happens when you get four losers in a row, all of the sudden four small losers can wipe out a considerable amount of your profits.

So ive got the following numbers down for tomorrow, H4 10049 Long breakout H3 10001 SHORT H2 9984 H1 9968 L1 9936 L2 9920 L3 9903 LONG L4 9855 Short breakout What would happen if tomrrow L3 is never hit but H3 is hit, do you double your current short position, stop the...

Have you considered adding any sort of trailing stop to your open positions instead of shooting for exact profit targets (like today's example of being within 2 tick of your pt, very frustrating) In a case like this you would essentially be risk all of your profits and some loss as well for a...

This is very similar to a methodology I have been working on as of late. It seems to be pretty good as a tight range like the one you are describing is often accompanied by a false breakout before the true trend emerges. The only problem I have had with this so far is that the trade does not...

[/b] This is correct, however currently I am really only working with the 60 min false breakout system that I came up with. Like I said the main problem with this system so far has been that it does not trade enough. I have considered also bringing in a system that trades breakouts with the...

I like this idea but would have to find uncorrelated markets to trade the system on..... any suggestions ? Since Im already doing index futures I suppose I should stay with futures in general, like I said before this is going to take a while before I can take this all live.

One of the nice things that i enjoy about trading the method I am currently trading is that it allows me to enter put in a stop and monitor the trade throughout a longer period of time. While sometimes this tests my patience levels I know that if I can come up with a precise set of rules to...

With the recent increase in daily range on the ES I have noticed the need to vary the constants that I have been using to buy and sell based on retracements from false breakouts. I have not yet figured out the optimal way of doing this however I intend to continue to work on this. i have not...

3-15-04 No trades for today

3-10-04 no trades 3-11-04 Short 1121.5, cover @ 1123.75 - 2.25 pts 3-12-04 Long 1110.00 sell @ 1113.5 +3.5 pts gross points 17.25 pts Something else I am looking to add at this point is some sort of trailing stop so that I can capture so very large moves (for example on...

Reviewing my trades since I have begun this journal has revealed that by using volume as a proprietary filter, i can avoid many of the losses incurred so far. However this greatly reduces the number of trades that the system takes. Therefore I am looking into using volume and pivot points to...

no trades for today.

Good call, actually I have been working on this slowly but surely. I have been watching volume and I find it is very very helpful, however at this point I have no way to incorporate it into my trading. As for market conditions I believe you are correct about incorporating those as well, but I...

Trades for today Long 1156.00, stop @ 1154.5, stop hit -1.5 pts Lately i have begun to notice that when I attempt to trade a false breakout like I have been doing and am then subsequently stopped out, there looks to be a high probability that the breakout is for real, and thus this...

Trades for past two days 3-4-04 9:18: Short @ 1152.25, cover @ 1153.5, -1.25 pts 3-5-04 no trades Gross since inception: 21.00 pts

They are pretty much as was stated by me in a previous post.... Anyways besides this, I should also add that it is not good to look for re-entries (based off a newly formed low) after a failed signal, other than that, that pretty much sums it up. I am finding I like this trading slightly...

Have been very busy with school as of late, but I still have found time to trade this new system, and am still in the process of developing rules for the system. Results from the past week are as follows 2-26-04 Short @ 1141.75, cover @ 1145 -3.25 pt 2-27-04 Long @ 1145, cover @...

Have you considered adjusting the value of 2 points accordingly with the volatility of the average daily range ? If so, how does this affect the system ?

Did not trade today, too busy with exams same will go for tomorrow. There were two trades however triggered by the system today: 8:15: short @ 1143, stop @ 1145, cover @ 1139 + 4 pts 8:42: long @ 1139.25, stop @ 1137.25, cover @ 1143.25 + 4 pts Both would have been great signals to...