ES Journal Archive (2009 - 2010)

[feng456]

how long did it take to recover that loss when you hit that 20 point stop ammo?

 

[ammo]

lets say the max is 5,sell 1,1 , 1 ,1 pullback cover 2,rally sell 2 ,increase avg,pullback cover 2 ..and so on...go with the flow cover and add,eventually there is a drop and take profit, if you hit a major tl or extreme overbought load up on sh side,occassionally you will get caught but you will never get another market where the fear to the downside is so strong that the upside breakout will always be muted

 

[fishing]

Quote from brandon12:

so if you shorted 3,3,3,3 or 12 total then today you did 1.5 x the total or 18 more?so were your other trades 1.5 the totals? for instance if you did 10 would you do 15 then 28 and on and on?When do you know when to stop averaging up? so if this is a full position you have a 20 pt stop on the total?

i was wondering the same thing

last time his avg was 78 7/8

then he added 88, which made total avg 84

so i guess you're right he must have added at least total of previous positions...?

 

[ammo]

Quote from feng456:

how long did it take to recover that loss when you hit that 20 point stop ammo?

that stop is avg 1 month profits so 11 good months ,one bad per anum

 

[Now is Now]

Quote from ammo:

lets say the max is 5,sell 1,1 , 1 ,1 pullback cover 2,rally sell 2 ,increase avg,pullback cover 2 ..and so on...go with the flow cover and add,eventually there is a drop and take profit, if you hit a major tl or extreme overbought load up on sh side,occassionally you will get caught but you will never get another market where the fear to the downside is so strong that the upside breakout will always be muted

Precisely....

NiN

 

[feng456]

Quote from ammo:

that stop is avg 1 month profits so 11 good months ,one bad per anum

wow thats not bad at all...what kind of prep work did you do before you went live with this strategy?

 

[ammo]

years of watching market profile and supp res trendlines,up and down vol, wtaching trans and spx work together,then buy or sell at those points...in the late 80's the spx had a 3 point range and you could scalp the market profile daily and cleanup, now you have to look at multiple days,weeks ,months but the same principle works

 

[feng456]

Quote from ammo:

years of watching market profile and supp res trendlines,up and down vol, wtaching trans and spx work together,then buy or sell at those points

so you are more discretionary than systematic trader?

 

[ammo]

computer illiterate so have always been a directional trader

 

[feng456]

Quote from ammo:

computer illiterate so have always been a directional trader

ive always been a system trader being too emotionally biased to be able to do the alternative successfully. i just went through the worst month in a year last month...so my confidence is very shaken at this point.