Todayâs Day Trading â 04/29
I did a nice trade on EC 60 minutes today. Short at the RH at 12925, first target 10 ticks - covered first lot at 12915, second at 12877.
Some major changes for May. I am switching completely to the longer time frame of 60 minutes. Entries and exits are still the same. I will use a initial stop of 10 ticks in the Euro FX and Mini Russell. I am not going to trade the Mini Dow anymore. I will trail my second lot on 60 minute bars. I guess, thatâs it.
I am not keeping up the idea of the new method. It just keeps me on the screen to much. I am also not so happy with the results of some back testing.
Here are the results for this month:
April:
Euro FX: +0 ticks (+0) 19 trades
Mini Dow: -40 ticks (-$200) 15 trade
Mini Russell: +8 ticks (+$80) 12 trades
Mini Russell new method: +48 ticks (+$480) 5 trades
To be consistent with my recordings I add my monthly summary (hypothetical result due to 2 contracts):
March:
Euro FX: +38 ticks (+$475) 32 trades
Mini Dow: -20 ticks (-$100) 4 trades
Mini Russell: +12 ticks (+$120) 7 trades
February:
Euro FX: +103 ticks (+$1362.50) 37 trades
Mini Dow: -10 ticks (-$50) 13 trades
Mini Russell: +55 ticks (+$550) 12 trades
January:
Euro FX: +76 ticks (+$950) 23 trades
Mini Dow: -46 ticks (-$230) 9 trades
Mini Russell: +120 ticks (+$120) 3 trades