ES Journal - 2012

[lucky lucille]

Quote from ammo:

seriously,what's ost http://acronyms.thefreedictionary.com/OST

what was your COST basis on this trade was my question,..

you "short" and "reduce" etc..who has a clue to your CB?

 

[tomahawk]

Could be good swing L entry here, stop LOD.

 

[gmst]

Quote from ammo:

sold 82's,86's,91's,96,98 1300,1301, avg 95.5,covered 1/4 @95,25for .25,1/4@90 for 5.5,1/4 @87.75 for 7.75 and last at 86.75 for 8.25, 217.5 pts..proof that averaging doesnt work

Great illustration of averaging working Ammo. On swing trades, I average 2-3 layers in FX and have a good win-rate with averaging. Very interesting to see you doing 7 layers of averaging. Thanks for the tutorial!

Total points 21.75, averaging by 4, total net points 5.5 points roughly. On 40 contracts is 40*5.5*50 = 11000 USD without commissions.

On the risk side, your max risk was 40k USD on this trade, so on this particular trade, your risk reward was 4:1. However I am assuming over many many these averaging kinds of trades, your risk:reward would be close to 2:1 and I reckon your overall win-rate must be >75% ?!! Just trying to figure out the maths.

Thanks again for this amazing illustration from the battleground, especially considering the near straight rally that ES put-up overnight.

Have a good sleep now!

 

[gmst]

Quote from lucky lucille:

what was your COST basis on this trade was my question,..

you "short" and "reduce" etc..who has a clue to your CB?

95.5, he wrote it in the original post....read it again.

 

[lucky lucille]

Quote from lucky lucille:

cover 88.50

S88.50

target 87

 

[ammo]

had i covered at the top ,about 3500

 

[JoshDance]

short 89.25 stop 90.50 target 84

 

[tomahawk]

Ammo, if I may ask, what was your target on the original lot? And approx. what % of your trades hit tgt with only 1 lot on board?

 

[JoshDance]

Quote from JoshDance:

short 89.25 stop 90.50 target 84

closed 89.75 for -0.50 bleh

 

[lucky lucille]

Quote from gmst:

95.5, he wrote it in the original post....read it again.

oik sorry guess i'm confused by the jargon..

i trade off seat of my pants..no formal education or instruction.

win or lose.

just watched the action for last few years is all i can claim

sorry ammo, i do best i can as do you