ES Journal Archive (2006 - 2008)

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Today's results (Daily range 8.25 pts):

Long 1381.00 (6am) +1.50
Short 1382.50 (8.15am) +1.00
Long 1381.50 (9.07am) -0.25
Short 1381.25 (9.55am) +1.00
Long 1380.25 (10.17am) +2.75
Short 1383 (11.46am) +0.00
Long 1383 (12.42pm) +2.75
Short 1385.75 (2.08pm) +2.50 trailed stop, no reverse signal 25 min before close.

Total: +11.25

All entries are solely based on grails in RSI on 5 min TF and a simple line chart.
 

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I know for a fact that today's price action would not have provided similar results using PTs based on 1:3. When it does it would be very interesting to see how the 2 strategies' results would compare.
 
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
short     1379.50     1382.50     -3.00
long      1387.00     1381.00     -6.00

*all papertrades
 
m4a1 , please post a chart and reasoning for both of your decisions today. Thanks. I am still long, but from a larger time trame I am certain.
 
Romik, I will not be able to participate in the study right now as I just have too much on my plate. Sorry for the late notice. I do already know the answer however to which is better. Profit targets versus letting it run-- Profit targets give steady profit and you can make a handsome income using them. Letting it run, while producing less frequent profits and becoming frustrating at times, is more profitable over time. :)

Edit: The frustrating aspect to letting a trade run with trailing stops below reaction highs/lows is what keeps most traders from employing the strategy.
 
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