sell ES

Have two separate accounts...one for your Position Trades and one for your intraday action. The other method is to find a signal like this and watch it play out...when you get an opposite signal with a reversal you can then use this area to ADD to your original Position Trade. So you are continuously Covering and ADDing a portion (40% to 60%) of your original Position Trade to cycle profits from it as you get Divergence signals throughout the day. This really takes a lot of focus during the day, but it works very well IMO to ride a Position Trade while at the same time extracting profits from it. In a sense, your position trade is like a flight that is going from point "A" to point "B", with several stops along the way (different price levels). At these stops you let some passengers off (Cover some of your position), and at another stop you let new passengers on (ADD some to your position). The flight from point "A" to point "B" is not a straight line, it has several zig-zags, but in the end you are waiting to end your flight at your originally intended destination (original profit target).

Hope This Helps!

Chris
 
Quote from AMT4SWA:

Have two separate accounts...one for your Position Trades and one for your intraday action. The other method is to find a signal like this and watch it play out...when you get an opposite signal with a reversal you can then use this area to ADD to your original Position Trade. So you are continuously Covering and ADDing a portion (40% to 60%) of your original Position Trade to cycle profits from it as you get Divergence signals throughout the day.
Chris
More...

I understand that you could cover and put the short back out. I just didn't think you were doing that from some of your other posts.

Making trades in separate accounts wouldn't make much sense to me....I mean if you're short in one account and long in the other, you have no position (at least in terms of the number of contracts that are offset).

In any case, if you are using two separate accounts, how do the results fare for you between the position account and the intraday account?

OldTrader
 
For your first question, on this SHORT that I currently hold, I have only covered a portion once and I did an ADD tonight now at 1077...that has been it so far. Usually I am a bit more active in the "cycling" of positions in a Position Trade.

Your next question about two accounts, I feel that this is the best way to handle dual types of trading activities that occur simultaneously. You do not have to spend that much time with transactions for your Position Trades, while you are spending most of your time with your daily Intraday Trades transaction activities. Trading in both directions at the same time works very well to catch counter moves to your Position Trade during the day. For myself lately, I have traded in the same direction with both accounts using any Position Trade counter moves as an area to re-ADD to the Position Trade...this has just been working the best for me lately (last 4 months). A person has to be involved with "multi-tasking" their trades while doing two types of trade styles at the same time...but their are some great benefits to trading two styles at the same time IMO, especially when your Position Trade is in the GREEN!

Hope This Helps!

Chris
 
Quote from AMT4SWA:

For your first question, on this SHORT that I currently hold, I have only covered a portion once and I did an ADD tonight now at 1077...that has been it so far. Usually I am a bit more active in the "cycling" of positions in a Position Trade.

Your next question about two accounts, I feel that this is the best way to handle dual types of trading activities that occur simultaneously. You do not have to spend that much time with transactions for your Position Trades, while you are spending most of your time with your daily Intraday Trades transaction activities. Trading in both directions at the same time works very well to catch counter moves to your Position Trade during the day. For myself lately, I have traded in the same direction with both accounts using any Position Trade counter moves as an area to re-ADD to the Position Trade...this has just been working the best for me lately (last 4 months). A person has to be involved with "multi-tasking" their trades while doing two types of trade styles at the same time...but their are some great benefits to trading two styles at the same time IMO, especially when your Position Trade is in the GREEN!

Hope This Helps!

Chris
More...


You could use just one trading account instead.

Another way to do this (IMHO I think it is easier) is to trade within the Indexes. In other words if you are short in the NQ and are holding positions and you notice a quick intraday reversal you can go LONG the ES and capture intraday profits without offsetting or liquidating your original short NQ positions.

This works EXTREMELY well for me.
 
Quote from AMT4SWA:

For your first question, on this SHORT that I currently hold, I have only covered a portion once and I did an ADD tonight now at 1077...that has been it so far. Usually I am a bit more active in the "cycling" of positions in a Position Trade.

Your next question about two accounts, I feel that this is the best way to handle dual types of trading activities that occur simultaneously. You do not have to spend that much time with transactions for your Position Trades, while you are spending most of your time with your daily Intraday Trades transaction activities. Trading in both directions at the same time works very well to catch counter moves to your Position Trade during the day. For myself lately, I have traded in the same direction with both accounts using any Position Trade counter moves as an area to re-ADD to the Position Trade...this has just been working the best for me lately (last 4 months). A person has to be involved with "multi-tasking" their trades while doing two types of trade styles at the same time...but their are some great benefits to trading two styles at the same time IMO, especially when your Position Trade is in the GREEN!

Hope This Helps!

Chris
More...


so whatever happened to SPX 1065 bro...?? Hmmmm.

It's funny reading ET's forums... I've been doing this many times longer than you (and others) I bet... and I still have trouble (particularly the past couple years) making the kind of certain, broad projections that you repeatedly make on this ET board. It's tough to figure this stuff out. And sometimes it's damn hard! Which is why I often trade options strategies that provide a cushion, i.e. range; and most months... (going back many years) if I stay cool.... and don't overract to noise/volatility... I do pretty darn good.. T.Y.!

.... but knowing and accepting that it's hard gives one power... whereas always going on a public board and making projections... makes one too subjective, and often inflexible in an effort to defend their "call(s)"!

....yet... you.... you seem always certain. How do you do that?! A real market wizard.. a?

I often have trouble believing you really have any position(s) as you state from time to time... while working full-time. This issue came up once before on another thread. The only reason it bothers me... and some others... is how you always seem (claim) to have positions that are in sync with the ST trend(s). Amazing!

but IF you do have shorts as you state... what is your stop given today's (unexpected) upside triple witching action??!! :eek:

And/or will you be adding more going into the seasonally strong year-end period... where it is unlikely much profit taking (can u say: taxation) will occur... IMHO!?

Or did you miraculously get long prior to yesterday's move higher? :p

thanks for the reply..... good trading!
:p

ICe
:cool:
 
Iceman2,

I've been following Chris's (AMT4SWA) posts for a while and have seen him post his trades in real time. So, I have little doubt that what he says about his positions/trades are factual.
 
Quote from pspr:

Iceman2,

I've been following Chris's (AMT4SWA) posts for a while and have seen him post his trades in real time. So, I have little doubt that what he says about his positions/trades are factual.
More...

The lines were kinda blurred on AMT's last trade b4 this one. :p
 
I did not cover any of my position trade yesterday...still holding. I did several ADD's to bring the SHORT Position trade back to about 85% strength today...these are my position Trade price layers now;

(1088.75...1088.75...1088.00...1087.50...1086.00...1077.00)

I will do one more ADD today if we push 1090...If we do not...then this will be my positions I hold going into next week.

Good Fortunes!

Chris
 
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