Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

Covered all 909.75 entries and 1/2 of 911.00 entries at 907.25.......holding the remainder of ES positions for new targets next at the 902.25 level (holding all 913.25/912.25 and 1/2 of 911.00 entries at this time).

Another 1/3'rd of DAX 5021.00 short positions had targets filled at 4971.00 :) Holding last 1/3'rd of DAX short position now....I will set additional targets latter.
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Ok. I got you down for (with reference to max position):

1/24 at 911.00
1/12 at 912.25
1/12 at 913.25

Total of 5/24 of max net short, with all the other entries covered at profit on that last drop to 907.25

Is that an accurate reflection of your current position?. (Not including DAX as I don't speak german).

JW
 
Quote from Whisky:

Ok. I got you down for (with reference to max position):

1/24 at 911.00
1/12 at 912.25
1/12 at 913.25

Total of 5/24 of max net short, with all the other entries covered at profit on that last drop to 907.25

Is that an accurate reflection of your current position?. (Not including DAX as I don't speak german).

JW
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Also, I know that 924-927 zone is a target area for the bulls so I can't put on bigger size yet knowing we are still over 10 points from that area......so I have to play it safe for now.
 
Quote from manlycure:

What timeframe does the 9:17 slot represent? Is that cumulative since session open?

D.
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Well for end of day analysis, I put that on 10 tick reversal. But I usually use 6 tick reversal. I love it. Thanks AMT, I think I have this knocked down finally. Let's see over the week how I do now. :p
 
Quote from AMT4SWA:

Also, I know that 924-927 zone is a target area for the bulls so I can't put on bigger size yet knowing we are still over 10 points from that area......so I have to play it safe for now.
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I'm starting to actually imagine you could get away with this...as you are playing offense only with your best located entries, and at tactically advantageous zones. Still the theoretical amount at risk is quite large, compared to the wins when you finally catch.

JW
 
Quote from Whisky:

I'm starting to actually imagine you could get away with this...as you are playing offense only with your best located entries, and at tactically advantageous zones. Still the theoretical amount at risk is quite large, compared to the wins when you finally catch.

JW
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If the market is going to run up to the 924's again, I would rather just get out of the way with a break through the 914's (go defensive at that point) and then just look for entries at the 924 area to start from scratch. Also, I have many trades run well over 50 points from final held core position, so playing 5 to 7 point ranges at entry build up works well for me.
 
Quote from AMT4SWA:

If the market is going to run up to the 924's again, I would rather just get out of the way with a break through the 914's (go defensive at that point) and then just look for entries at the 924 area to start from scratch. Also, I have many trades run well over 50 points from final held core position, so playing 5 to 7 point ranges at entry build up works well for me.
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The thing is that you do not make the 50 points on the full position, and most times you do not even reach full position as you are playing defense.

On the 1/6 or 2/6 that you generally get to hold, you also take partial profits before hitting the 50 points target.

My math could well be wrong, as I'm not privy to all details of your position management defense/offense, but in most instances (as described) your winning position is getting smaller as further targets are reached, and also is quite difficult to build a full position, as you are playing defense with the lower entries, and exiting at breakeven or minor profits.

I can see how you would come out ahead in the long term, as your "cycling" also produces profits. Yet the theoretical maximum risk (even if near nil chance of getting clipped) is quite bigger than the normal profits. Is it not?

Also it seems obvious from the mathematical count that you obviously have the capacity to put at least 48 lots and probably more than 100 for a full maximum position (as you scale out even with 1/24 of max sizes).

So it's clearly a strategy to consider for only the people that can consider having that size on, and probably more funds in reserve.

Also the concepts must be very clear for you to act decisively at the "action points" as those advantageous prices do not seem to last long, so practically flawless execution seems to be a requirement.

Thanks for being so forthcoming with your concepts and tactics.

JW
 
Quote from AMT4SWA:

Thanks.....only 2 kids though, that is enough for me....LOL! :D
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Never the less with a family and all day and night small lot trading the devotees here on this thread are very lucky to have you at all.
Excellent work, keep it up.

sosueme
 
Quote from Whisky:

The thing is that you do not make the 50 points on the full position, and most times you do not even reach full position as you are playing defense.

On the 1/6 or 2/6 that you generally get to hold, you also take partial profits before hitting the 50 points target.

My math could well be wrong, as I'm not privy to all details of your position management defense/offense, but in most instances (as described) your winning position is getting smaller as further targets are reached, and also is quite difficult to build a full position, as you are playing defense with the lower entries, and exiting at breakeven or minor profits.

I can see how you would come out ahead in the long term, as your "cycling" also produces profits. Yet the theoretical maximum risk (even if near nil chance of getting clipped) is quite bigger than the normal profits. Is it not?

JW
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All in all, my bigger positions (ones that I get near or at full size) dwarf all these smaller trades in the context of my monthly returns. When I carry 50% of those positions beyond 20 or 30 point targets as I am scalling out, it tends to bias my overall risk to reward of better than 5 to 1 (all completed trades calculated at completion). There is also a good amount of profits within the cycling in/out of added positions as I manage a built core position....they do add up. As long as I can maintain this type of completed trade risk to reward, then I will stick with my current trade entry/exit management style. Plus, I have to work with what the market gives me on each and every trade. Some trades I can load up with no real challenges to the position and then the market just runs in my intended direction. Some other trades I have to work at for a while and then I may only get 20 point targets on the most extended hit.....you just never know. :)

I stay flexible as I work with what the market gives while taking swings (and making decent profits) until I catch a nice extended move.......this is what works for my mentalities/psychology.
 
Quote from Whisky:

So it's clearly a strategy to consider for only the people that can consider having that size on, and probably more funds in reserve.

Also the concepts must be very clear for you to act decisively at the "action points" as those advantageous prices do not seem to last long, so practically flawless execution seems to be a requirement.

Thanks for being so forthcoming with your concepts and tactics.

JW
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Yes I do agree the style I use for entry/exit management is very different from what a conventional 1 to 10 lot trader should use. I have "built" a more precise method for scalping the ES and other indexes using the delta (in a static entry/exit style for the typical 1 to 10 lot trader), but I just don't trade that way now as I use dynamic entries/exits.
 
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