90% Profitable Setup
- Thread starter Spectra
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Luck has nothing to do with the fills. I use market orders on 8minute bar closes. I will get filled reguardless.
Long fill today was 12,717 then exit at EOD. Yes it was around 50pts, not 60. Don't know where my brain is. Just woke back up from a much needed nap.
You can pare out half (if your trading 4 cars, 2 and 2) I pare out 2 and 3 because I'm currently only trading 3 contracts total on this setup. In March I'm switching to 6 and will trade 3 off at first target then 3 off on trial exit.
The up trend today was long and gringy. A few good places to jump on the long side.
CajunSniper
Long fill today was 12,717 then exit at EOD. Yes it was around 50pts, not 60. Don't know where my brain is. Just woke back up from a much needed nap.
You can pare out half (if your trading 4 cars, 2 and 2) I pare out 2 and 3 because I'm currently only trading 3 contracts total on this setup. In March I'm switching to 6 and will trade 3 off at first target then 3 off on trial exit.
The up trend today was long and gringy. A few good places to jump on the long side.
CajunSniper
Well I just checked your website and the track record for today. Since you said you netted out 60 or 50 points PER CONTRACT, I broke down all your stats today and ran the numbers on a 1 contract basis. Doesn't come anywhere near the 50 or 60.
The numbers look nice when you say the average is 6 or so contracts, but the $ figures can be misleading.
The numbers look nice when you say the average is 6 or so contracts, but the $ figures can be misleading.
Yes. The exact gain is 47 points per contract. The track record has slippage and commissions of $5/turn already factored in. I personally pay $3.50 per turn but we like to provide a worst case scenario.
I was speaking of the MaxSpan setup not the other trades that were taken since this tread was started to talk about it.
I was speaking of the MaxSpan setup not the other trades that were taken since this tread was started to talk about it.
Quote from dandxg:
It is this site mrmarketishuge
Pretty cheesy and funny indeed. I don't know whether to take it seriously or not?
:eek: definitely serious.
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and hilarious.
I didnt see this. 2/3 is taken off at +10? So the remaining 1/3 is at +47. So:
2ct at +10= 20
1 ct at +47= 47
total=67/3cts= 22.33
I didn't realize that 2/3 were taken off at +10 in my original calculations. So it only nets out +22, and after commissions only about +20. Far cry from the over 60 you originally posted, and far from the +47 if scaling out was done evenly.
very misleading.
Good point Neet.
Not sure how the math works here... kind of fuzzy to say the least.
On the 2-14-07 MaxSpan, assuming 2/3 are taken off at +10, here's my math:
Long 12727
2/3 out at +10
1/3 out at ++47
Assuming 6 contracts, which is what the website states, that means:
(2/3) x 6 = 4 contracts at +10 = $200 gross
(1/3) x 6 = 2 contracts at +47 = $470 gross
Which is $670 gross = $111.66/ct = 22.33 pts per contract
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What PureTick shows:
Total gain of $825 = 137.50/ct = 27.5 pts per contract
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Very interesting math to say the least. Perhaps my math is wrong and someone from Puretick can explain better.
Where does the 47 per contract come from?
Thats because we had to change the pare out to half off at each point. You would not belive the amount of emails we got with the 2/3rd method. Its just to hard for most newbies to comprehend. All trades pared out on the results page are half and half now and are executed that way in the room. Things have been a lot smoother. now for the purposes of my own account here I still do 2 cars then 1. I can handle it.
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