No Brainer Breakouts or How An Early Bird Catches A Worm

[Now is Now]

You are correct it is 6....

 

[shikantaza]

Quote from JSSPMK:

6th attempt at the moment, another 3 to reach equivalent of under 1 ES contract point value.

If you had taken the actual high of the range 1064.50 instead of that weird 1064 number that you made up, you'd be comfortably in the fourth attempt. If you had taken a 1 tick breakout of the range instead of a match, you'd be in the second attempt.

Many costly mistakes result from sloppy executions.

Adios.

 

[JSSPMK]

Quote from shikantaza:

If you had taken the actual high of the range 1064.50 instead of that weird 1064 number that you made up, you'd be comfortably in the fourth attempt. If you had taken a 1 tick breakout of the range instead of a match, you'd be in the second attempt.

Many costly mistakes result from sloppy executions.

Adios.

Some argue that life is full of mistakes, it's how one deals with them

 

[shikantaza]

Quote from JSSPMK:

Some argue that life is full of mistakes, it's how one deals with them

You are a wise one. Surely you must be in a Boiled White Rice only diet or very close. I like Boiled White Rice, but fridays I take the fermented variety. A complication if you will.

When do you personally call it quits for a chain of flips?. 2%?, 5%?.

 

[JSSPMK]

Quote from shikantaza:

You are a wise one. Surely you must be in a Boiled White Rice only diet or very close. I like Boiled White Rice, but fridays I take the fermented variety. A complication if you will.

When do you personally call it quits for a chain of flips?. 2%?, 5%?.

"Lose?! I don't lose!!!"

 

[Now is Now]

Quote from shikantaza:

If ......

if is the most powerful word in the english language....very likely Japanese , too

 

[shikantaza]

Quote from JSSPMK:

"Lose?! I don't lose!!!"

In that case, you'd have to accept minuscule returns on your total capital. I agree that "minuscule" is a relative term.

http://www.youtube.com/watch?v=8eAprKvKttI&feature=related

 

[JSSPMK]

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4:10

 

[shikantaza]

Quote from JSSPMK:

There is another point worth mentioning. There is nothing wrong in taking profit a tad early or if you feel your capital is at risk taking profit at x 1 the range, not waiting till x 2. If you are familiar with ES price action, then you will have to see that this is pretty stealth tight.

http://www.youtube.com/watch?v=JX13...F394B9BA&playnext=1&playnext_from=PL&index=21

 

[JSSPMK]

Quote from JSSPMK:


I overslept, shoulda been 1064-1062.25, will make it 1064-1061.50

Edited: Range=2.5, Short target 1057.25 & Long target 1069.00

"Target is at least 2 times stop/reverse after hours range" from 1st post.

Today we have 2 primary data reports out, each can shift a market substantially. Range is pretty tight today, making targets of 5 ES points & we haven't really shifted much so far, perfect.

I am increasing targets to x 4 today, making target for Long 1074 & for Short 1051.5 (or thereabouts due to an increase)

0.16*2.5=-0.4
0.32*2.5=-0.8
0.64*2.5=-1.6
1.28*2.5=-3.2
2.56*2.5=-6.4
5.12*2.5=-12.8
10.24*7=+71.68

Total: +46.48