Is this system from the 1994 J.T. Jackson book on tradng the S&P in terms of zones?
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Emini Fading System
- Thread starter buddhabless
- Start date
Whatever works. Many ways to make a trade. For me I prefer to put in the work the night before so I can relax and not worry about where it will reverse the next day.
Here is the summary for today setups. 3 S/R lines were hit and results are 2 winners and 1 break even. The NQ short is good for about 10pts. The ER short is for 3pts.
I want to clarify my stops. Some would say this is too wide but I find this works for me.
YM: 25pts
Es: 2.5pts
NQ: 5pts
ER 2pts
These are initial stops when put on a trade. Once in a trade I narrow my stop accordingly. I'll post tomorrow's road map later tonight.
Later
I want to clarify my stops. Some would say this is too wide but I find this works for me.
YM: 25pts
Es: 2.5pts
NQ: 5pts
ER 2pts
These are initial stops when put on a trade. Once in a trade I narrow my stop accordingly. I'll post tomorrow's road map later tonight.
Later
What a nasty drop today. My fading system is not design for after the fed announcement trading. It is design for range day. We should see some consolidation tomorrow so one can go aggressive using this system. With this system if you can avoid days like today you should be ok. If you think about it, market spend most of the time consolidating and very few days trending. Thus, I am happy sitting out on days like this. There is no need to force the issue.