A Very Simple System...
- Thread starter keeptradin'
- Start date
Forgot to post on Friday.
Covered ES long at 75.25 -3 (MOC).
Cumulative P/L: -24.25 (Six trades).
Five of six days closed down, looks like today may be the same.
Covered ES long at 75.25 -3 (MOC).
Cumulative P/L: -24.25 (Six trades).
Five of six days closed down, looks like today may be the same.
Long ES @ 1360.00, Stop @ 50.00, Target @ 70.00.
Covered ES Long @ 62.75 +2.75 (MOC).
Cumulative P/L: -21.50 (Seven trades).
Long ES @ 63.75, Target @ 73.75, Stop @ 53.75. 
Quote from keeptradin':
Long ES @ 63.75, Target @ 73.75, Stop @ 53.75.
Covered ES Long @1370.00 +6.25 (MOC)
Cumulative P/L: -15.25 (Eight trades)
Looked like it might be another flat day, but the AAPL energy drove it higher into the close.
Long ES @1381.25, Target 91.25, Stop @ 71.25.
FOMC today, along with the AAPL "morning after", should give us some volatility.
FOMC today, along with the AAPL "morning after", should give us some volatility.
This is looking like one of those straight up days, and the Fed could really juice it.
A trailing stop in this type of action could yield a big winner, and minimize damage in the event of a surprise.
I will stick with the ten point target in the interest of keeping it simple.
A trailing stop in this type of action could yield a big winner, and minimize damage in the event of a surprise.
I will stick with the ten point target in the interest of keeping it simple.
Quote from traderjmb:
Q: Is that BUYS, only?? (no shorts?)
Comment: Man, do I wish it was that simple!!
Buy on open, 10pt target, 10pt stop.... sounds like roulette to me... RED or BLACK... let's go gambling!!!
You got it bruddah!! Only go long, 'cuz the ladies don't like playing with the shorts...
One could call it gambling, but only if one loses. When we win we call it SKILLZ!!
Either way, the VSS is still in drawdown, and the Fed did NOTHING to help us today. At least not yet...