ES Journal - 2012

Macho · Feb 9, 2012

Sold 1@ 134625 another on 134925

Stop 140'22 will change up

Lawrence Chan · Feb 9, 2012

Quote from chaykapwr:

I will run the backtest further this evening, but i have a feeling it only works very well during bullmarkets, which is obvious.

I will run the numbers this evening, and get something going as it pertains to an answer for your question, at this moment it would be difficult to confidently state option A or Option B.

However, i think this can be made into a viable strategy, I might look into it. If someone is also interested, you can PM me.

I have this done the other day for my members,
http://www.daytradingbias.com/?p=34784

Macho · Feb 9, 2012

Quote from Lawrence Chan:

I have this done the other day for my members,
http://www.daytradingbias.com/?p=34784

Thank you , Lawrence . Bottom line , by following this strategy would I be eating at McDonald's or the Grille House.

I owe you a big thanks also for something else when I get the words right ,but in a PM

mastacoli71 · Feb 9, 2012

Quote from chaykapwr:

Well I decided to end this once and for all, and I did a backtest all the way back to Jan 1950 on the S&P.

Number of gaps-6070

Number of gap downs-2998
Number of gap ups-3072

Probability of buying the close and selling at a higher open?

50.6%

Average gap (Ups and Downs included)= .009%

There you go, nail in the coffin, a worthless strategy

Thx chaykapwr.

Macho · Feb 9, 2012

Quote from Macho:

Sold 1@ 134625 another on 134925

Stop 140'22 will change up

Updating stop to 141'06

Trvlwanderer · Feb 9, 2012

Quote from Ramp:

Hey, there's nothing wrong with 2-10 pointers being your bread and butter and from what I read you do it quite well.

For the bigger swings, rather than 50 point stop losses have you considered using SPY options? May be a good way to get your feet wet without as much risk. Just a thought.

Cheers

Agreed. SPY, SSO...all good for positions depending on capital one wishes to tie up. I can't do it with es though....been beaten senselessly on occasion with 8 point drops between globex and RTH. Love it when they do that, LOL!!

EliteThink · Feb 9, 2012

I've heard buying at close of Friday and selling close of Monday works decently.

Quote from chaykapwr:

Well I decided to end this once and for all, and I did a backtest all the way back to Jan 1950 on the S&P.

Number of gaps-6070

Number of gap downs-2998
Number of gap ups-3072

Probability of buying the close and selling at a higher open?

50.6%

Average gap (Ups and Downs included)= .009%

There you go, nail in the coffin, a worthless strategy

Lespaulr0cker · Feb 9, 2012

Quote from Trvlwanderer:

Nice. I plug into a big jmp that a friend owns and that thing is sweeet.

Do you play gigs, record, just mess around?

Got busy, sorry for the delayed response; gigging cover bands is my thing (sunsetbetty.com).

Lespaulr0cker · Feb 9, 2012

L 43.50

Mr. Miyagi · Feb 9, 2012

Long

12805,

tg 865

stop 789