ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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I guess B1S2 uses %risk model to adjust his position size on a per trade basis.
Since his exposure to the latest trade is "just" 7 pts per contract, as oppose to the bigger ones he used in the last 2 trades, it is reasonable to assume that he will double the size.
Since his exposure to the latest trade is "just" 7 pts per contract, as oppose to the bigger ones he used in the last 2 trades, it is reasonable to assume that he will double the size.
Quote from JSSPMK:
It's the x2 size that got me thinking that it is similar to scaling in, even though you closed the 1st trade. I would have thought that you subscribe to all-in-all-out-equal-size. No?
Size is unique to each trade. Once size is determined, then it's full in full out.
Quote from Lawrence Chan:
I guess B1S2 uses %risk model to adjust his position size on a per trade basis.
Since his exposure to the latest trade is "just" 7 pts per contract, as oppose to the bigger ones he used in the last 2 trades, it is reasonable to assume that he will double the size.
Of course it may be so, it's just that by standards set by himself in another thread, by stopping 1 trade & opening another x2 size sounds as if it were scaling into a trade as position has increased x2 & that is "inferior behavior" apparently.
Maybe it's me who is confused, that happens
Summer is almost here. Seasonally slow.
Long term funds that stepped in at the low are enjoying 10% plus returns for the year already. Booking that in now, park the money in interest products until after summer is the best bet for them. By unloading now, or selling calls, etc. to lock in profit, they are writing their own year-end bonus cheque now.
So, we are witnessing the late buyers, including those fund managers who failed to step in at the low, coming in to buy at a much higher price from those who did, so that they would not miss the boat.
1250 going to 1400 was easy. 1400 going higher will be much harder.
Quote from Pholeuon:
Uf, that was ride.
Volente, we need clear instruction when apply 1x10 and when 2x10 rule.
It is impossible work without them
I have already shown you how I use the signals. I don't know how I can make it any simpler.
Take today
69 signal from 79
68 to 78,
78 76 only was good for 2 points
then the signal from ~86 from 76 which I posted earlier on the thread
then 10 points higher than 85.5 at 95.5
and another at ~ 99 from 1389
The easy part is taking the signals, the hard part is managing the trade once in it. The best part of this strategy is it keeps you out of chop and teaches you patience and you are always selling premium and buying discount which enables you to often catch tops and bottoms of moves. With any trading method, discipline is key, the downsided if you trade this style and get caught on a trend day, then the only signals you will get will mostly be losing trades. Luckily those types of days don't happen often.
Volente,
Please explain what the signals would be for tommorow, and how you would trade them. I am trying to understand this "rule of ten"
Do you base tommorow trades of the close today and sell at +10 and buy at -10? Your stop is 3 points you already told us that. Additional info would be appreciated.
Regards,
Steve
Please explain what the signals would be for tommorow, and how you would trade them. I am trying to understand this "rule of ten"
Do you base tommorow trades of the close today and sell at +10 and buy at -10? Your stop is 3 points you already told us that. Additional info would be appreciated.
Regards,
Steve
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