HPT's ER2 Journal

H

HPT

More of a bet with a pal than anything - and making it public so I cant hide from the truth .

No charts, no Indicators, just good old Price Action :cool:

lets see what happens :
 
Came back Sunday night from watching a film "21" - they just went all in when the blackjack odds leaned in their favour, and bet the table minimum whilst waiting - seemed like a lot of effort to me, so I was thinking why not just wait until the markets lean in my favour and then go all In too. So here goes :

Day 1 : starting capital 14K USD

9 trades, 42 pips, 5 Contracts

(42 * 5 * 10) - (2 * 9 *11.75)

= $1,888.50
 

Attachments

sorting stuff for a house move kept me away most of this week, looks like it was pretty quiet anyhows . Did get the morning session in on Friday before going off to the theatre. Should get near enough a full weeks trading in this coming week (Times are GMT, London UK)

Day 2:

9 trades, 66 pips, 4 contracts
1 trade , -10 pips, 1 contract
1 trade , -10 pips, 3 contracts

(66 * 4 *10) - (2 * 9 * 8.6)
(-10 * 1 * 10) - (2 * 1 * 2.15)
(-10 * 3 * 10) - ( 2 * 3 * 6.45)

= $2,076
 

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Quote from blaster1:

Good trading HPT! What's your average stop loss? Do you always go all in/all out?
More...

Hi there, 10 point MAX stop loss generally, If I'm wrong I'm wrong and its time to move on.

If volatility increases greatly then Stops will widen accordingly, as will Targets and also smaller Lot size, ensuring I have the same exposure and targets but wont get stomped out in the whippyness.

Going All in, keeps me from having a dabble with an odd lot just for the need to feel involved. - know what i mean ? :-P

Although Joining the bid and only getting halved filled / half lifted off the offer was a bit of an issue on friday mind - leaning towards @ market orders if we grow significantly

Cheers, HPT
 
Market like mud, moronic action, had to scrape ticks together

Day 3 :

19 trades, 38 pips, 4 contracts
3 trades, -1 pip, 5 contracts
1 trade, -2 pips, 1 contract

(38 * 4 * 10) - (2 * 19 * 8.6)
(-1 * 5 * 10) - (2 * 3 * 10.75)
(-2 * 1 * 10) - (2 * 1 * 2.15)

= $1,088.80
 

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Great trades..

Are you trading the trend or counter trend ?

You are risking about .5 to make 1pt in the er2 ?
 
Quote from esu2:

Great trades..

Are you trading the trend or counter trend ?

You are risking about .5 to make 1pt in the er2 ?
More...

- just trading the action, no idea of trend or otherwise.. as for risk, I wont take more than a 10 tick hit as a loss (unlesss volatility goes crazy, and if it does, I'll go 15 or 20 ticks and reduce lot size by half or whatever is appropriate).. exits can be anything from +1 to whatever market gives me, so yes on occasions risk/reward looks a bit wayward. I'm just counting on being right more times than wrong. Keeping it very simple.

cheers, HPT
 
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