S/R Emini Journal
- Thread starter 4re
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Quote from Patricio:
I use a automated 1 point stop loss so I need a precise entry, anything less detailed than 1 min charts could stop me out with my scalping method. Pivot points aren't my only tool, I just watch them in relation to my system, as I do channel breakouts and fib retracements. I guess I fit the tool to the situation.
Cool, I know I look at fibs and pivots sometimes if I get confused about where things are going and why it is bouncing and stuff.
What is your target on a trade?
Is it working for you? If so please share...
Quote from 4re:
Cool, I know I look at fibs and pivots sometimes if I get confused about where things are going and why it is bouncing and stuff.
What is your target on a trade?
Is it working for you? If so please share...
I have just moved over from Cybertrader to Sierracharts and Yestrader so I am getting used to the change in platform, hence my question on the pivots. The system I use is very simple but its intense so only works when I am at my best and totally focused. My system works just like any other system, but you must execute it everytime. Targets are whatever my signals tell me, I never let a 1 point gain turn into a loss, even if I only catch a breakeven trade. I look for a minimum of 2 points, very similar to your approach.
I made my first ES trade today...unintentionally.
I have been reading this thread for the past few months. I can never seem to catch up though...which is good. I like the fact that there is so much information that is shared.
Back to my issue...
I decided to dive in today and begin trading. I placed a StopLimit order at 1316.50, with the intention of buying at 1316.50 as 4re described in a previous post:
<quote>
START QUOTE
I use ninja trader and her is how I do my order entry and exit. This will prevent getting in early at a false break out.
1. For entry use Stop Limit and put both the stop and the limit at your intended entry.
2. For exit use a limit order.
This took me a while to figure out as well but you need to spend an afternoon in simulation and just try it a bunch of times until you have it right for breakouts.
When I first started the breakouts I was trying a limit order for entry and it will give you the best price available which you DON'T want.
END QUOTE
</quote>
Unfortunately, I got filled immediately at 1316.50 while the market was trading near 1315.75.
Is there anything that can be done about this? I am using NT as my platform and Velocity Futures as my broker.
I have been reading this thread for the past few months. I can never seem to catch up though...which is good. I like the fact that there is so much information that is shared.
Back to my issue...
I decided to dive in today and begin trading. I placed a StopLimit order at 1316.50, with the intention of buying at 1316.50 as 4re described in a previous post:
<quote>
START QUOTE
I use ninja trader and her is how I do my order entry and exit. This will prevent getting in early at a false break out.
1. For entry use Stop Limit and put both the stop and the limit at your intended entry.
2. For exit use a limit order.
This took me a while to figure out as well but you need to spend an afternoon in simulation and just try it a bunch of times until you have it right for breakouts.
When I first started the breakouts I was trying a limit order for entry and it will give you the best price available which you DON'T want.
END QUOTE
</quote>
Unfortunately, I got filled immediately at 1316.50 while the market was trading near 1315.75.
Is there anything that can be done about this? I am using NT as my platform and Velocity Futures as my broker.
yes banjo lessons and we even know how to spell legible up here as well...............isnt that good.............i think i t is..............lessons sare good...................................................................................................................................................... MAKRET DONE...WILL GO TO FOOTBALL PRACTICE NOW......CHICAGO IS GREAT PLACE TO BE FROM....A LONG WAYS FROM.........
Actually I said 1317.50 not 16.50. I use a a stop market order for my entries and a limit order for exit. I don't know if you can fight it or not but never hurts to call and find out what happened.
Then again Velocity is not contracted with Ninja the last time I takled to them so I am not sure about how they tie in together. I am pretty sure you are going to go round aand round with each blaming the other. That is how tech support usually clears these things up.
"Because a stop order is filled at the market price after the stop price has been hit, it's possible that you could get a really bad fill in fast-moving markets"
http://www.investopedia.com/terms/s/stop-limitorder.asp
look like you have the same problem.
how about trying this;
"Negative Limit STOP LIMIT Orders
When using a simulate entry, you have the option of specifying a 'Negative Limit STOP LIMIT Order'. This means that you can have (example if going long) a BUY STOP price of 1000 with a LIMIT of 999. The concept is that you only want to enter once a certain price has been penetrated but you want to enter on a pullback." -NJ manual
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