ES Journal - 2013

[Lespaulr0cker]

Quote from gmst:

interesting that you are going for 1-2-3 ticks on profit target.

My target is usually more than this, however my style is to "take what you can" and I abandon the target way more that achieve it.

My stop is the same way, it's large but I get out way before it gets hit all but catastrophe cases.

Quote from gmst:

interesting that you are going for 1-2-3 ticks on profit target.

Would like to see your equity curve following this strategy.

This is an equity curve from the first month and a half after developing my trading style, lots of base hits:

 

[ammo]

spx all time

 

[ammo]

two bubbles

 

[ammo]

do we need a 3rd bubble to break this

 

[Lespaulr0cker]

I am using automation to enter/exit in some cases where I am not fast enough to get the price I want for a certain set-up.

Most are manual though.

 

[Lespaulr0cker]

Getting ready to take out some short stops...

 

[cdcaveman]

Quote from ammo:

two bubbles

is your analysis suggesting a break up?

 

[ammo]

only if we can have a 3rd bubble , we had tech, we had real estate, and we have the king has no clothes,that line is 1475/6 appx

 

[ammo]

had to use a 10 yr to get oct 06 on this chart

 

[gmst]

Quote from Lespaulr0cker:

My target is usually more than this, however my style is to "take what you can" and I abandon the target way more that achieve it.

My stop is the same way, it's large but I get out way before it gets hit all but catastrophe cases.



This is an equity curve from the first month and a half after developing my trading style, lots of base hits:

Thanks for taking the time to post your eq curve and explaining a bit more about your trading style. Your equity curve is beyond what I could have expected with this style of 1-2-3 ticks.

Thanks for posting that. So, you made roughly 7k over 1.5 months, that is 7000/50= 140 points over say 35 trading days. So, per trading day, you made 140/35 = 4 points. If you did this while trading 1contract, this is fantastic performance.

I am really surprised to see someone achieve such a performance in a non-automated fashion trading ES with such small profits. From your graph, you have almost a 90% hitrate.