ES "1" point System

[stock777]

I have a system that guarantees 3/4 of a point, each and every day.

Frontrun the guy looking for the full point.

 

[increasenow]

what did BALDA mean when he wrote:
"Very simple rules.Buy Higher high or Sell Lower low in a last hour"...seriously wanting to know...thanks...!

 

[Allaces]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=76297

 

[fearless9]

Quote from Bearbelly:

You have probably come to the realization that since you can throw 100 contracts at the ES and it wont blink and since 100 x 1 pt. is $5000 a day, 1 point a day consistently IS THE POT OF GOLD AT THE END OF THE RAINBOW, THE GOOSE THAT LAYS THE GOLDEN EGGS and this should lead you to the conclusion, if you are a reasonable being, that it is not an easy thing to do.

Exactly correct BB.
However one should never confuse difficult with impossible.

Another maddening realization is that if 4 tics can be pulled from the ES daily by careful observation, then it can be done more than once per day.
Equally difficult but again by no means impossible.

 

[balda]

Quote from increasenow:

what did BALDA mean when he wrote:
"Very simple rules.Buy Higher high or Sell Lower low in a last hour"...seriously wanting to know...thanks...!

I gave up this idea a couple of years ago due to draw downs. But at that time when it was back tested it showed 1 point profit on average per day. Exit on the close. It is also confirms statement that market makes it first extreme (daily high/low) during first two hours of trading.

If you'll ask, some might even post current back tested results.

 

[fearless9]

Quote from balda:

I gave up this idea a couple of years ago due to draw downs. But at that time when it was back tested it showed 1 point profit on average per day. Exit on the close. It is also confirms statement that market makes it first extreme (daily high/low) during first two hours of trading.

If you'll ask, some might even post current back tested results.

With all due respect this thinking is too conventional.

It requires thinking outside the square.

 

[Son of a Gann]

Quote from fearless9:

With all due respect this thinking is too conventional.

It requires thinking outside the square.

Making smart coments,

including mine,

are so much outside.

 

[increasenow]

ES trading PROS...do you think the ES generates enough possibilities each day to simply generate 1 ES point per day?...what are the set-ups and indicators to look for?...MACD level etc...what are almost "gimmes" for simply 1 ES point????

 

[Mr_Black]

I can give you , a Simple method to make 1 point a day....just look at this chart....

 

[Bitstream]

gee, i was gonna say the same thing. bbs and ema is what i use myself: together they give you enough signals and if you need more add fibos, confident he'd do well.

Quote from optioncoach:

I would imagine any system such as moving average crossovers or candlestick patterns or bollinger band moves or whatever can get you a point a day....


IF YOU KNOW HOW TO USE IT CORRECTLY and apply it correctly.

The techniques or tools are meaningless, it is all up to the individual. Some people make money simply using moving averages while others get chopped in the whipsaws.

So the system is not the indicator, you are the system. If you cannot create yourself as a trader, no one can hand you some random tools to turn you into one.