ES Journal Archive (2011)

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Quote from bigsnack:

I appreciate the input, but I've backtested pretty thoroughly on my one setup. If the trade matches the setup, it doesn't come back to my entry. Here, the long didn't match exactly, so that's the price I pay. In hindsight, my target should have been for 3 points, as it wasn't a perfect setup for me. I'm glad I didn't get tagged for a full stop! Another example is what is happening here. If the short trend is to stay intact we won't come back to 66 evens.... And as I was typing we just fell off the planet :p

EDIT: I only know ES and that's it, so my instrument view is pretty limited.
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Thanks for your inputs. If you have done the backtesting and verified that in your particular setup, trailing stop/be stop does make sense, then you must be correct, since as I said i haven't done any backtesting on es. However, what i said does hold true for ccys more often than not. In ccys also, there could be some setup where be stop might help. Anyways, have you considered that with this increased volatility around, maybe your fixed targets of 3/6 points could be extended to lets say 4/8 points ?
 
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