ES Journal - 2012

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Quote from Handle123:

I had my own Platform developed by my people, so I call it DOMe, "e" meaning "Excellent". My DOMe does things I couldn't find elsewhere and when I think up new ways to put in orders, I have people who can make the changes. My platform will automatically put in orders above/below the current price but in a way not to disturb the ratios that are there, and when filled, market orders will be sent to fill remainder of what I am trading so long as I don't have more than one tick of slippage. I found little nuances that smaller retail trader usually don't have the capital to do. So on ave of past five years, instead of getting normal one tick of slippage by doing market orders, I get a .40 tick by having limit orders and market mix. It does a great deal of ratio of volume between each price level as to when to place market orders, but I still have to be there to click buttons of where I see S/R. So if there is no trade

The first 30 minutes of day session, I was doing 400 per price level up to thirteen levels as I average down on every trade, so even breakeven trades I do well(one trade this morning added 7 more price levels for total of 3,025 contracts to become a plus one tick trade but all added price levels were exited at or better of the original entry-I clean up on breakeven trades), I have a daily goal based on 15/30 minutes of day session(it is based on original entry of doing a one lot) and once acheived, 80% of contract size is reduced.. 4.25 hours of lunch I only do one type of signal up to 80 contracts, and depending on if daily goal was reached in morning, 1.25 hours either has original amount or 80 contracts.

My risk is normally 2 ticks from the main area of support, my targets are normally 4/8 ticks from original entry.
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SO very little of what you are posting is possible to the majority traders on this board.

Not sure what benefit or insight is involved on targeting 2 to 4 ticks and posting to the board, but thanks for contributing.

You certainly have a busy plate and posting on the ES Journal is very generous.
 
Quote from austinp:

#1: if you are averaging against with 5,000+ contracts by the thirteenth level and a May 6th 2010 flash-crash "surprises" you the wrong direction, it would get real interesting when the smoke cleared.

#2: any trader leaping trade size from 20 contracts to 400 contracts with no steps in between? That's pretty much driving a chevy volt around Times Square today, and Danica Patrick's nascar in Watkins Glenn tomorrow.
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#1 I was teaching a student at their house back then and they had gotten short just before, as I recall I was angry at them for not putting in the target when their computer locked up, they called broker to get out with a very healthy profit, sometimes luck is good, but not to be relied on.

#2 Yes, he is on pins and needles today, kept monitoring his blood pressure by nurse I hired for the week, but he made goal in first 30 minutes of the day, so at reduced amount all day and afternoon. Was hoping my health would turn around, but it hasn't, overwise I be day trading myself all day.

Quote from Trvlwanderer:

SO very little of what you are posting is possible to the majority traders on this board.

Not sure what benefit or insight is involved on targeting 2 to 4 ticks and posting to the board, but thanks for contributing.

You certainly have a busy plate and posting on the ES Journal is very generous.
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It can help several of generating new ideas, isn't that reason why these boards were made?

Again, I don't target 2 ticks, I target 4 ticks and 8 ticks. I RISK 2 ticks. Will get out earlier if I see DOM volume turn to a narrower amount, similar to when MACD turns, like an early warning of a possibility.

I use the DOM(happy now?) volume to figure out when present trend is ending. If you were able to make 2 to 5 full points in 35 minutes almost each day, after awhile you could increase size to even a ten lot, I think most would give up first born to be able to trade just using S/R.

I posted some charts last week, check them out.
 
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