Kudos to MMs
- Thread starter nitro
- Start date
NFV 1110.15. ANFV 1167.92. SPX 1,177.02.
If you hesitated or missed it above, even juicier here. What some people do is wait for the hesitation instead of selling any momentum. That works sometimes, and others it costs you....
The risk is that ANFV turns around hard. Possible, and the trading Gods _are_ that cruel.
SPX 1167.63 Unrealized Gain/Loss (119.53)
I think currently 7 contracts are on, so SPX 1177 is 10x7=70 pts more in the red, right???
Assuming a 100K account to play this, that is still a -190 unrealized and -30 realized loss, which would be -220 pts (11000$) or 11% DD of the whole account.
So yes, you might only need 2% to break even, but a 12% move against you still caused an 11% DD....
Also as I pointed out earlier, if the position moves your way right from the start, you are not going to make much compared to the account size, because only 1-2 contracts are on. Let's say the system makes 20 pts per month average, that is only 1%, not incredibly big for a futures account....
By the way I predicted a 1178 SPX top in the ES Journal, so I agree this should be a shortable top....
I think currently 7 contracts are on, so SPX 1177 is 10x7=70 pts more in the red, right???
Assuming a 100K account to play this, that is still a -190 unrealized and -30 realized loss, which would be -220 pts (11000$) or 11% DD of the whole account.
So yes, you might only need 2% to break even, but a 12% move against you still caused an 11% DD....
Also as I pointed out earlier, if the position moves your way right from the start, you are not going to make much compared to the account size, because only 1-2 contracts are on. Let's say the system makes 20 pts per month average, that is only 1%, not incredibly big for a futures account....
By the way I predicted a 1178 SPX top in the ES Journal, so I agree this should be a shortable top....
NFV 1110.26. ANFV 1170.16. SPX 1,178.16.
ANFV has done a head fake. Still correct to hold short. This is, exit EOD or convergence.
NFV getting close to 70 edge, which would be last add, and is an all in move. We have seen this kind of divergence only once before, during the intense drop to 1010 SPX this summer...
ANFV has done a head fake. Still correct to hold short. This is, exit EOD or convergence.
NFV getting close to 70 edge, which would be last add, and is an all in move. We have seen this kind of divergence only once before, during the intense drop to 1010 SPX this summer...
I don't understand this comment at all, if you think so little of the es community why post here at all, especially where all and sundry can see it? It is silly to think that anyone would trade this signal, when you stated that the model is proprietary. If the people who are criticizing you bother you put them on ignore, except nltro cause he is just plain fun!!
