ES Mechanical Madness

Quote from bdixon619:

Are you selling any contracts at some point in the chop? Thanks.
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Breakout is a hold until the close or stopped out.

Reverse might go short if the ES gets up above 1123
 
Quote from nkhoi:

when does initial stop change?
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It changes all the time. Right now it's at 1104.75. If the market starts dropping below the entry, it'll move the stop up quickly.
 
Summary

Points of profit before today +168.00

Breakout +6.25*7 = +43.75
Reverse - no trade
Swing - no trade

Points of closed trades after today +211.75

No open trades
 
Just out of curiosity, what are the other eight systems based on? I would think that between a swing, a reversal and a breakout system you'd have almost all possible trading styles covered.

-bbc
 
Quote from blueberrycake:

Just out of curiosity, what are the other eight systems based on? I would think that between a swing, a reversal and a breakout system you'd have almost all possible trading styles covered.

-bbc
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The eight are all based on breakouts. They're grouped as pairs so that one trades against another. For example one might be a breakout taking the first move of the day, while it's pair might look for breakouts against the first move of the day. We used to trade 5 systems on the ND and SP markets, but he got tired of the ND pit traders trying to screw him on fills. Now it's all ES.
 
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