ES Journal Archive (2006 - 2008)

m4a1 · Oct 27, 2006

cover 1386.25

Buy1Sell2 · Oct 27, 2006

Quote from m4a1:

cover 1386.25

Ok. We are going to watch and see how far this one runs before the stop outs. Did you go long here or are you on the sidelines?

m4a1 · Oct 27, 2006

Code:

          entry       exit        pnl
short     1379.25     1381.00     -1.75
short     1380.50     1380.00      0.50
long      1385.50     1384.50     -1.00
short     1391.75     1385.50      6.25
short     1390.00     1391.50     -1.00
short     1388.25     1386.25      2.00

*all papertrades

Buy1Sell2 · Oct 27, 2006

Quote from romik:

If you have a look at his up to date results his stops are left to discretion, not a single time the stop was a predetermined one. If price goes up 5 and reverses where would he exit? At entry or at a predetermined stop?

We are stopping him at 2 and 3 pts and taking his profits at 4 and 6 pts . He will have no choice in our test. His own results will not be affected as he is keeping them himself.

m4a1 · Oct 27, 2006

am i supposed to call every grail that i see on 5 min or am i supposed to be selective in taking the ones i think are better?

m4a1 · Oct 27, 2006

on sideline right now. for the experiment trades i will designate them.

Quote from Buy1Sell2:

Ok. We are going to watch and see how far this one runs before the stop outs. Did you go long here or are you on the sidelines?

Buy1Sell2 · Oct 27, 2006

Quote from m4a1:

am i supposed to call every grail that i see on 5 min or am i supposed to be selective in taking the ones i think are better?

Please only list the ones that you would trade. We are still watching the trade that you just got out of (30 minute chart?)

5 minute would be best as we could build a quicker sample, but if you feel more comfortable with 30 minute we can track those.

m4a1 · Oct 27, 2006

the lastest trade was on 15 min.

i will do the experiment with 5 min chart.

so the grail that you described is not every signal, it's only the ones that you think are good using your discretion?

Quote from Buy1Sell2:

Please only list the ones that you would trade. We are still watching the trade that you just got out of (30 minute chart?)

5 minute would be best as we could build a quicker sample, but if you feel more comfortable with 30 minute we can track those.

Buy1Sell2 · Oct 27, 2006

Quote from m4a1:

the lastest trade was on 15 min.

i will do the experiment with 5 min chart.

so the grail that you described is not every signal, it's only the ones that you think are good using your discretion?

It can be done either way. Let's do it with the trades that you would take as that will better help define and refine your skill level. By the way, your initial trade has hit the 4 pt target.

JohnBob · Oct 27, 2006

And by the end of the day, we will be in the neighborhood of 11.65 for 2006.

JB

Quote from romik:

Stats published by JohnBob:

"Here I am to the rescue!!

For 2004 and 2005, the average daily range for ES during RTH was about 11. If today's current range does not change, the average for 2006 is 12.3

JB"

12.3 average low to high that is. So when one is trying to establish an intraday risk/reward the above has to be taken into consideration in order to keep it realistic expectation wise. I would say working off a 5 min TF a 1:2 is more realistic than 1:3 (basing it on a 2 point average stop).