ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
Fed, problem is that you will average against big move at least twice, you shown us that. And if you look at this coil I am sure we will get -30 point day very soon. Than you will refuse take your loss, and during few days we will be - 100 - what will wipe your account if you are trading future. Excuse me, buying tops and averaging in position wiped far greater traders than you. Are you really prepared for stress when
averaged in position will drop in your face?
Dislaimer. I am averaging myself in. But always have : 1. prepared region where I will do it. 2./ I am doing it only if I see "recovery" 3./ I have "disaster stop" 4./ I am averading much more agresively in short positions 5./ Because we are are somewhere close to top I open long positions half as big as normally and will average only once in it, no exception.
6. This is shit market anyway. Usual double sided healthy trading is absenting here what means we will get second "flash crash" - sooner or later. I just pray I will be not long in that moment. But I can not imagine to be in with overleveraged position.
averaged in position will drop in your face?
Dislaimer. I am averaging myself in. But always have : 1. prepared region where I will do it. 2./ I am doing it only if I see "recovery" 3./ I have "disaster stop" 4./ I am averading much more agresively in short positions 5./ Because we are are somewhere close to top I open long positions half as big as normally and will average only once in it, no exception.
6. This is shit market anyway. Usual double sided healthy trading is absenting here what means we will get second "flash crash" - sooner or later. I just pray I will be not long in that moment. But I can not imagine to be in with overleveraged position.
Nice trade, zxd.
I took out a 2 point profit (enter @ 1232,50, exit 1230,50) on the same move. Thought we were seeing a retracement before a second leg up to 1237, but when I saw momentum pick up I went short and got paid
Bottoming out now or testing 1228 by the end of the day? Does not look unlikely judging by the hourly.
I took out a 2 point profit (enter @ 1232,50, exit 1230,50) on the same move. Thought we were seeing a retracement before a second leg up to 1237, but when I saw momentum pick up I went short and got paid
Bottoming out now or testing 1228 by the end of the day? Does not look unlikely judging by the hourly.
for me personally-
i dont have a clue about the term following price-
i am self taught with this and use a flow formula that works for me -
i always have a 2nd entry if i am sure we are range bound -and add 1 contract for every dollar it passes my entry post -
@12:02 i posted i would go long 1234.50
trade entered @ 1234.50
passed through it by 2 points so i add 2.5 contracts for every 1 on my first entry -
to make it simple
original entry 2
add on 5
total =7
or multiples there of -
there is 1 thing i never ever see taught in this is how to cover yourself on a bad entry -we all hear about leverage -
and this is what works for me
i dont have a clue about the term following price-
i am self taught with this and use a flow formula that works for me -
i always have a 2nd entry if i am sure we are range bound -and add 1 contract for every dollar it passes my entry post -
@12:02 i posted i would go long 1234.50
trade entered @ 1234.50
passed through it by 2 points so i add 2.5 contracts for every 1 on my first entry -
to make it simple
original entry 2
add on 5
total =7
or multiples there of -
there is 1 thing i never ever see taught in this is how to cover yourself on a bad entry -we all hear about leverage -
and this is what works for me
moving add on from 1229 to 1225
- Status