ES Journal Archive (2011)

[bigsnack]

Quote from bigsnack:

L 62.75, stop to b/e, target 68.75

out at b/e

 

[Builder17]

long 63.75

stop 61.5

 

[macho grande]

Good morn traders!

I see we gapped up. Do we fill the gap or rise from here?

 

[GordonTheGekko]

short 65.75

 

[JoshDance]

Quote from bigsnack:

out at b/e

don't you hate getting shaken out... good try anyway

 

[Builder17]

Quote from Builder17:

long 63.75

stop 61.5

out 67.25

 

[bigsnack]

Quote from JoshDance:

don't you hate getting shaken out... good try anyway

Yeah I had a feeling when we started pulling back after the 3 point target was hit.... "uh oh.........DING!"

Not even a low tick to hop on to this yet.

 

[Visaria]

Quote from bigsnack:

out at b/e

Damn, feel for you man!!

 

[GordonTheGekko]

L 66.25

 

[gmst]

Quote from bigsnack:

out at b/e

I have a feeling (based on my backtesting fx strategies - i have yet to backtest es strategies) that with a target of 6 points and a 2/3 point stop, its not a good strategy to either use trail stop or bring it to b/e. Maybe bringing it to b/e might be a good idea when you are at least 5 point in the money. Being just 3 points in the money and bringing it to b/e should lose money over a large no. of trades. imo. you should backtest it. i am 95% positive what i am saying should hold true.