ES Journal - 2015

[romik]

L105.5, sl103

 

[romik]

Some thoughts regarding reward, the more discount is given, the more reward vs risk is on offer, smaller discounts to me equate to locking reward once it hits x3 average risk.

Early bird catches the worm.

In any business trading activity it's imperative to buy as low as possible, same applies to futures trading.

 

[romik]

Sell order placed @ 113

 

[Handle123]

That is basically a Bollinger Band standard deviation of 1 instead of 2 and is typically used by buying the touch of the top BB in the direction of the bigger trend and setting stops at the standard deviation of 1 on the opposite side of the trade. Well known system. Thanks for posting this.

I would say 95% of entries were developed before and 70s unless indicators after PCs came out. About the only things we all can change and made better is money management techniques. I don't advise others to do so, but I don't use protective stops nor do I put in limits for targets, found them too cumbersome. I rather read the DOME and hit bids/asks and have automated my exit rules now. Yea, sometime I get burned and other times market takes off so it all evens out.
Very very little is actually new, only ones that make new things, you simple don't hear much about them.

 

[romik]

L105.5, sl103

-2.5

 

[romik]

L104.5 s102

 

[romik]

Sell order 2,112

 

[romik]

+13.5
-2
-1.5
-1.75
-2
+10
+8.75
-0.75
-3
+5
-3.25
-3
+9.75
-2.25
-2.5
+10
-1.5
-2.5
b/e
-2
-2.5
-2.5
-1.5
-1.5
-2.75
-3.25
-2
-4.75
+34.5
+7.75

--------+50.5

wins: 8 losses: 21
win rate: 0.27
average win: 12.4
average loss: 2.32
Average reward is x5.34 the average risk

If I was to take profit after reward equal to x3 average loss was to be reached (7.5pts), then I would be in profit by +11.25 pts and that with a win rate of 0.27!

In actual fact total would be higher than +11.25, as locking profit at +7.5 would have resulted in higher win rate.

 

[romik]

L104.5 s102

-2.5

 

[romik]

L101 s99