S/R Emini Journal

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Quote from 4re:

Never mind, it executed at 1274.75 as soon as I pushed the submit reply button. I am out and done for the day. Now I guess I get the rum. The only thing is I don't drink. Don't like the taste of it.
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Heh, easy money :eek:.

This is market is tailor-made for your type of trading.
 

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Here's anoher, tighter look at it.

So long as we stay in the channel, it's just going to be a game of volleyball - this has got to be all retail, market makers and and reactionary institutional.

Nothing new here ... including money.
 

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Quote from JimmyJam:

Heh, easy money :eek:.

This is market is tailor-made for your type of trading.
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Which means you probably have a hit-rate of around 66%-70%. (I'm a stats guy, and I kinda wish you had'em now ... just for confirmation of hunches).

Later,

JJ
 
Quote from boro45:

Exited first half at 74.75 and second half at 73.75. Nice one.

Certainly feels weird to be done for the day before 10:00 (central).

Maybe my dad is right and I should go to law school and do this on the side.

Hmmmmm.
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Nice trade. I thought about doing that myself but since I had the channel drawn to 1273.75 I would have only taken about another 1/2 point safely. So I didn't think it was worth it.

Forget Law school go to Med school and I'll show you how to make real money. The docs I work with right now are doing very well.
 
Quote from JimmyJam:

Which means you probably have a hit-rate of around 66%-70%. (I'm a stats guy, and I kinda wish you had'em now ... just for confirmation of hunches).

Later,

JJ
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The full 2 point trades is ABOUT 66%-70%, my gain days are better since I do get out early when I need to like Monday was just 1.25 points that day. It has been a longtime since I took a 2 point loss for the day though.
 
Quote from riaamaan:

Yep, came along real nice today. +2
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Good deal, I just hope everyone understands the next time we get a busted trade. Nobody or system is 100% and nobody will fault you if you take less than 2 points out of a trade.
 
Quote from 4re:

The full 2 point trades is ABOUT 66%-70%, my gain days are better since I do get out early when I need to like Monday was just 1.25 points that day. It has been a longtime since I took a 2 point loss for the day though.
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Here's an idea of how 5P does it:

1. Take the S/R trade as you've outlined it.
2. Add a 2nd contract after 2 ticks of total profit.
3. Add a 3rd contract after 3 ticks of total profit.
4. Add a 4thc contract after 4 ticks of total profit.
5. Take profit on 1st contract after 4 ticks of total profit.
6. Take profit on 2nd contract after 6 ticks of total profit.
7. Take profit on 3rd contract after 7 ticks of total profit.
8. Take profit on 4th contract after 8 ticks of total profit.

If trade reverses he probably has the opposite position setup 1-2 ATR's from original entry.

If you could program it the results might be interesting.

Later,

JJ
 
Quote from JimmyJam:

Here's an idea of how 5P does it:

1. Take the S/R trade as you've outlined it.
2. Add a 2nd contract after 2 ticks of total profit.
3. Add a 3rd contract after 3 ticks of total profit.
4. Add a 4thc contract after 4 ticks of total profit.
5. Take profit on 1st contract after 4 ticks of total profit.
6. Take profit on 2nd contract after 6 ticks of total profit.
7. Take profit on 3rd contract after 7 ticks of total profit.
8. Take profit on 4th contract after 8 ticks of total profit.

If trade reverses he probably has the opposite position setup 1-2 ATR's from original entry.

If you could program it the results might be interesting.

Later,

JJ
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Damn, why not take all 4 contracts put them on one play and go for 1 point. In and out in 4 ticks.
 
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