Smacking the ER2

Well 3 longs on a day like today sounds like madness but it was after 6:30pm and a bounce was in order on the higher TFs. I was ahead on all trades but got stopped out twice and left a bundle of points on the table. I guess that is the difficulty trading one contract, because I would scale out with multiple contracts.

S1 (S) – signal not taken - at work
S2 (L) – signal not taken – at work
S3 (S) – signal not taken – at work

S4 (L) – a little bit late on the entry at 623.6, it went up 1.2 pts and then dropped back down to my now b/e stop to close at 623.6

S5 (L) – entered early on signal before the 5min candle had printed got in at 620.5 - it jumped up 3.2 pts – no exit signal in sight - and then came back down to +1pt stop (it goes to +1.0 when 2pts in profit) at 621.5.

S6 (L) – still bullish action for me and I get S6 signal which I enter correctly in 20:20 bar for 622.70, thought I was going to get stopped out again at 20:30 but it missed my b/e stop and rose into the close to be up over 3pts. I was almost tempted to hold overnight because an oversold mini-bounce looks possible – but that’s not in the TP - so I closed for 624.10 at 9pm, without any exit signal. A wise move in hindsight !!

S1- n/a
S2- n/a
S3- n/a
S4- 2/2
S5- 1/2 (nil points for the early entry)
S6- 1.5/2 (didn’t have an exit signal to close on so only half point for exit)
Rules Hit Rate = 4.5/6 = 75%

Points today +2.4pts (not including comms) ….

Onwards and upwards……….
 

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Well I thought I’d gone into the wrong thread today …. nice trading ozzy.

Anyway my trick of having a sugar free Red Bull when I leave work so I am wired for the afternoon session has worked for the last two days. Maybe I should start a sponsorship deal with Red Bull !!

After I got back from work, I was very disappointed to have missed the nice S4 signal by ten minutes. There was then a nice continuation entry for S5, but a premature exit. But a nice result for one trade.


S1 (S) – signal not taken - at work
S2 (L) – signal not taken – at work
S3 (S) – signal not taken – at work
S4 (L) – signal not taken – at work

S5 (L) – entered a little late on continuation signal at 621.70 - but it broke 622.80 convincingly and I exited midway through a 5 min candle print at 624.80 - and of course it didn’t confirm the exit signal 3 mins later at the end of the candle. I also had a continuation signal at the start of the 19:45 candle which threw me a bit too. So not a clever exit.

S6 (L) – still in S5


S1- n/a
S2- n/a
S3- n/a
S4- n/a
S5- 1/2 (nil points for the exit)
S6- n/a
Rules Hit Rate = 1/2 = 50%

Points today +3.1pts (not including comms) ….

Onwards and upwards……….
 

Attachments

Sorry about that Jessop. I was smacking it really hard today and I got a little carried away on your thread.

Good Luck your system looks good.

oz
 
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