ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Thats true, we are all different. But 10 ticks on 20 cars can add up on good days, and as I am sat here all day long I might as well try to catch some of the smaller moves instead of waiting maybe days with large stops for that large move. I understand your view and appreciate your comments.
Brucelee
Have you considered this? Run separate account numbers or even separate brokers one regular account for main trading strategy and another broker as a backup account?
Point being: in the second account, trade a different strategy. how many times did you go to a dance as a teenager and think to yourself "so many beauties, so little time". What did you do? Exactly!!! Some were faster than others---so you rationed your time for some to perform right after the dance and you made dates with others to meet up with later.
I agree that sometimes it looks better to grab a small profit earlier as mkt action unfolds. A mechanical way to think is to NEVER allow profits to fall back more than 50%. the problem with that is it is still subjective. .THKS
romik...........When you call about "POINTS" are you referring to ES or YM? As clarification, myself i use a tick as a single price increment move, a car is a single contract, a handle is a whole number such as the diff between 1440.00 and 1441.00 is 1)one) handle.
To me a "POINT" in futures is a basis point. Am i thinking wrong? Is a point a DOW POINT? thks
Have you considered this? Run separate account numbers or even separate brokers one regular account for main trading strategy and another broker as a backup account?
Point being: in the second account, trade a different strategy. how many times did you go to a dance as a teenager and think to yourself "so many beauties, so little time". What did you do? Exactly!!! Some were faster than others---so you rationed your time for some to perform right after the dance and you made dates with others to meet up with later.
I agree that sometimes it looks better to grab a small profit earlier as mkt action unfolds. A mechanical way to think is to NEVER allow profits to fall back more than 50%. the problem with that is it is still subjective. .THKS
romik...........When you call about "POINTS" are you referring to ES or YM? As clarification, myself i use a tick as a single price increment move, a car is a single contract, a handle is a whole number such as the diff between 1440.00 and 1441.00 is 1)one) handle.
To me a "POINT" in futures is a basis point. Am i thinking wrong? Is a point a DOW POINT? thks
Bruce - check out this program - http://www.techsmith.com/snagit.asp
One of the best I have found for taking screenshots, adding notes, arrows, etc.
I've read about 40 pages 1 shot and as yet I've not found what I was looking for. Can someone be so kind as to answer me the below. Thanks.
Edit:
I understand that Romik is/was trying out this 'flip' or SAR method. Am I right in assuming that Romik is trading the edges of a whipsaw method ie buy the high and sell the low in a trading range and hoping to profit on the true breakout? More importantly my main question what (how many points) is usually the trading range like. Is it usually 2 points ie buy 1440, reverse to short at 1438, reverse to long again at 1440? If not, how many points? Thanks.
PS : Just expanding my mind here. Not planning to trade the method.
Edit:
I understand that Romik is/was trying out this 'flip' or SAR method. Am I right in assuming that Romik is trading the edges of a whipsaw method ie buy the high and sell the low in a trading range and hoping to profit on the true breakout? More importantly my main question what (how many points) is usually the trading range like. Is it usually 2 points ie buy 1440, reverse to short at 1438, reverse to long again at 1440? If not, how many points? Thanks.
PS : Just expanding my mind here. Not planning to trade the method.
Something to ponder on the weekend as the Austrailian tennis open is on. I consider tennis, golfing and trading all as games that you more about mind control than being overly talented.
O'pps hit wrong button HA
OK, where was i? Tennis, golf, trading is about how you REACT, how you are under fire, how you preform the basics first. In tennis they call it keeping your "Unforced errors" to a miniuem and knowing the where your game is relative to the other guys. Artical: http://www.tennisserver.com/mortal/mortal_05_02.html
go to "learn to say too good".......... see ya monday in the battle .
O'pps hit wrong button HA
OK, where was i? Tennis, golf, trading is about how you REACT, how you are under fire, how you preform the basics first. In tennis they call it keeping your "Unforced errors" to a miniuem and knowing the where your game is relative to the other guys. Artical: http://www.tennisserver.com/mortal/mortal_05_02.html
go to "learn to say too good".......... see ya monday in the battle .
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