NN,Quote from Now is Now:
Now then , Quant
I am a simple person that simply asks simple questions for the simple reason I need simple answers.
You may be aware that this the third thread you have running and I am getting exhausted trying to follow through on what is happening in this little saga. At the moment , I am giving you the benefit of the doubt, but you are pushing me because you seem to be antagonizing those that have expressed doubts, wherein you really don't need to do that...believe me. You are obviously intelligent ,but not smart doing that.
So...NOW...to the point.
How about a simple answer to my previous question...What were your targets for your 1/12 15 pointer buy 869//885 in the 771 thread? Were there any targets?
What do you anticipate, if you have not already done it, to be the necessary capital requirements to put this in effect? My thought is that you could assume you would use day margin and close/reopen exposures to commence "new day margin" which will lessen the required capital base.
A slightly more complex question...you indicated that you had profitable trades off specific lows (targets)....were they as a result of a new wave or were they "discretionary " trades...?
Which begs the question, if you had targets for the 869/885 buy, did you have reverse trades from those "targets"...in other words, did the same set of rules apply to your buy side as they did to your successful sell side trade?
If there is something that is not clear , please ask and I will oblige.
NiN
You keep asking about this 869/885 and not in a clear way?
This was a call made when ES was at 869 and the call was that ES will hit 885! Which with the high of yesterday at 879.50 we got very close to hitting it. Hopefully on Mon. Hitting that last call from 771 thread will complete that thread with 100% of all calls having been successfully achieved and targets reached and Iâll then retire that thread.
The capital required must be based on complete margin + room for DD. On the 6 trade calls to 813 we were lucky and the DD has so far been Zero but that is not always the case. I have no exact idea but seems fair to allocate 10k per contract would be more than sufficient. The number of open contracts depend on the signals generated? This could be as many as 10 to say 30 open contracts at any given time hence say youâll need 200k per instrument all things considered(I averaged between 10 and 30).
I did not say I had trades off of the lows/targets although I did indeed have such trades. What I said was that every Target I have mentioned has also become a substantial support that after hitting them the ES has bounced 15 to 50 points off them which substantiates further the validity of the called Targets and bounces have been sometimes to ½ point of exceeding them!!!!
