Columbus 5 Day ES Intraday Trading Exploration

martys · Oct 13, 2005

I actually have put together a trend trading methodology using the technical works I am using. I am telling they are just plain confusing at times when market consolidate then my brain gets frustrated and rigid which is not good for trading. I decided to put them in a box.

martys · Oct 13, 2005

Sorry, I did not realize the question is addressed to spike.

protrader-2K5 · Oct 13, 2005

thanks martys... but that helps clarify the point

martys · Oct 13, 2005

Bought at 1179.75

martys · Oct 13, 2005

If this one works, I am gonna try to ride this one.

PitchBlack · Oct 13, 2005

Quote from protrader-2K5:

spike,

how do you ID the trend?

Do you use intraday data or daily?

We all talk about trading with the trend but I my opinion it is easier said than done.

Trend is identified on hourly charts.
Trading happens in multiple time frames.

long 1177.5 and short at 1182.75, still short.
Stop at entry.

martys · Oct 13, 2005

I told you with my luck. Never can ride a trend. -.25 pt. Premise broke. There was 1 pt reaction for the trade.

kalinka · Oct 13, 2005

Most trends have pullbacks, you seem to always enter
on a pullback and not a trendstart. You have to learn to
identify pullbacks in a trend.

mujoh · Oct 13, 2005

Quote from spike500:

Trend is identified on hourly charts.
Trading happens in multiple time frames.

long 1177.5 and short at 1182.75, still short.
Stop at entry.

Spike,

how much profit do you need before you put your stop to entry?

Thanks.

martys · Oct 13, 2005

I made about 2 pt on my rubber band trade. This does not count. I just want to see if I can do it. 1173.25 -> 1175.00.
It is still going on according to my model but I just don't have the money to fund this type of strategy.