ES Journal Archive (2006 - 2008)

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As usual, I am here to remark that only longs should be taken. Will that have a person missing a good short? Yes, from time to time, it will. :)
 
Quote from mbusch:

Last paint 1560.75 for +5.50 and +5.25 so far while I was asleep. Raising stops on both units to breakeven and going to make an omelet. :)
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My view is that a stop at breakeven is ok once breakeven is well outside the noise. Trading breakeven stops too early is inviting a winning trade to be choked off. I look at it as basically trying to trade and not lose any money at all. This is not correct in my view. As usual, trade how you wish--:)
 
Quote from apex82:

very nice trade.....

whats up with them taking it to levels in the globex recently to never be seen in RTH?
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Good grief, what a beautiful bull run!

PT1 hit and filled at 1565.00 for +9.75. (Decided to set the limit order just one tick below rule of 10. <g>) Still holding second unit for new contract highs, and will be trailing stops up aggressively here.

Apologies to B1S2, but it's my plan and I'm sticking to it. :)

EDIT: Wow, I see my sell limit order (placed hours ago) caught the local top right to the tick!

SS on second unit now at 1562.75, and will watch carefully hoping for another run of stops to the upside before closing out. My plans to make an omelet have been postponed. :)
 
Quote from steve46:

It is nice of you to post that record.

I have a couple of quick questions.

First, I notice that your system shows a maximum string of 10 losers. Did you expect to experience a run of that magnitude? What is your thought process like at about the 7th or 8th consecutive loss?

Also you show 100 as the maximum contracts held. I assume from your posts that you continue to scale in and out..Since you have a profitable system, why stay at 100 contracts? Having traded size on this contract I know what happens when you get past a certain point, but I would like to hear your comment (if you are willing of course).

Finally, the number of wining and losing bars is interesting to me. Obviously one cannot win enough to overcome expenses unless they stay in the trade as long as possible. It is interesting however that you stay in the losers for an average of eight bars. Do you keep that in mind as you watch your trade progress? Do you have any thoughts on this subject? Again just curiosity.

I appreciate any comments you might have.

Steve
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The series of consecutive losers in feb was one of the largest drawdowns in testing but was within past performance. Around the 7th loser in a row I was a bit frustrated but knew that it would most likely turn around soon. This is only 1 of my 3 setups as well which definately smooths out that equity curve even more when you trade them as a portfolio. I was heavily short a few days before on one of my other setups which also made it easier to stomach.

I stay at 100 contracts because as I said before this only 1 of 3 setups that I actively day- trade on 3 futures markets. Thats plenty enough for me.....

I have done extensive testing on the amount of the bars in the trade and have found no significant changes that could be implemented. The winners are usually pretty close to the losers in duration so I have found it hard to exploit.

-Apex
 
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