Chronicles of an Idiot

Quote from VisionTrader:



Thanks. Good stuff here. Little trouble following you. Are you making this statement based on trading only 1 contract or multiple contracts??
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VT, it's going to have to be more than one contract to work...:p

This is just a rough idea of how you could manage a trade that's going your way. Adjust it however fits your needs and may have to adjust it in real time as to your feeling about the move and direction, support and resistance... on and on and on...

Biggest problem here is this is just something you have to get a feel for how the market is reacting. The biggest thing to remember is You will not go broke by taking profits!

Scrutch
 
Quote from Scrutch:



VT, it's going to have to be more than one contract to work...:p

This is just a rough idea of how you could manage a trade that's going your way. Adjust it however fits your needs and may have to adjust it in real time as to your feeling about the move and direction, support and resistance... on and on and on...

Biggest problem here is this is just something you have to get a feel for how the market is reacting. The biggest thing to remember is You will not go broke by taking profits!

Scrutch
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10-4 Good buddy. I do trade more than one contract in real life. I am trying to demonstrate the results here with one contract. Adjust as necessary for each individual style.
 
Quote from VisionTrader:



10-4 Good buddy. I do trade more than one contract in real life. I am trying to demonstrate the results here with one contract. Adjust as necessary for each individual style.
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:p :p :p
 
Quote from VisionTrader:



Looks like this one will require some patience. Not my strong suit.
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You should be to BE by now, either 79.75 will hold or it will probably fall back down...
 
Quote from Scrutch:



You should be to BE by now, either 79.75 will hold or it will probably fall back down...
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Getting lots of mixed signals on this one. If I could have got in @ 79, you will see the move produced 2 points.
 
Quote from VisionTrader:



Getting lots of mixed signals on this one. If I could have got in @ 79, you will see the move produced 2 points.
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Right on, lot of res @ 81 but it has touched several times already
 
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