ES Journal - 2017/2018
- Thread starter Buy1Sell2
- Start date
- Status
FWIW, I've changed my daily NQ trade due to this high volatility. My previous approach was to take a signal and enter the trade in pre-market hours using a -25 pt NQ stop loss. Since Feb 19th, I have used the same signal, but break my daily trade up into two entries, each with a -15 pt NQ stop loss (-30 pt total). One entered at 10AM and the other 11AM CST.
I do this to avoid all the two way action that occurs pre-market and in early RTH. If the signal call is wrong, both entries will gets stopped out. If the signal call is correct, the later openings at least give the trades a chance to avoid being shaken out and take the day's trend through close.
My original pre-market entries since Feb 19th would have yielded -137 NQ points on those 9 trades. The trades using my two entry 10AM and 11AM CST approach have yielded +311 NQ points combined. Just trying to avoid the volatile, early two way action has worked better for me so far.
Good question... Like a breathe of fresh air & infusion of oxygen into the markets that have not been seen in close to a decade.
For those of us that had the pleasure of trading an accordion thru the Asian contagion, Ruble collapse & LTCM of the late 90`s where we`d have 800 point whipsaws intraday ... this would be considered moderate to normal Vol.
I like to maintain same position size throughout as this is a rarity these days & need to capitalize on it! These are the times where you think about doubling your account.
Out --loss of 12.75 pts.
Will be interesting to see if we get our standard 10:30 EST reversal north here.....
Despite being Heavy, Heavy overall......Re: Topping Setup
Despite being Heavy, Heavy overall......Re: Topping Setup
Last edited:
- Status