Something very simplistic

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quah,

first of all, you're a good guy in my book. you have a clever system and you've been very helpful to everyone here. you've run this thread well.

i'd like to ask you a couple questions..they may have been answered already..i'm not sure.

say you go long trading ES, you get stopped out and take a 1.25 loss. now you also reverse immediately, so you're short. is your new target 1.25 or 1? i assume 1, but some people call the SAR trades break even trades..but they're really not break even because there is a .25 difference. correct? i just want to be clear.

the other question is, do you have any other rules besides the actual trading? like do you stop trading if you have x losses in a row....or any other rules like that?

thanks
 
Summary:

ES

+6.50 points. 13 trades, 10 winners, 3 losers

NQ

+18.50 poinrts. 15 trades, 11 winners, 4 losers.

The Excel spreadsheet files contains the daily and summarized details.
 
Originally posted by Gordon Gekko
quah,

first of all, you're a good guy in my book. you have a clever system and you've been very helpful to everyone here. you've run this thread well.

i'd like to ask you a couple questions..they may have been answered already..i'm not sure.

say you go long trading ES, you get stopped out and take a 1.25 loss. now you also reverse immediately, so you're short. is your new target 1.25 or 1? i assume 1, but some people call the SAR trades break even trades..but they're really not break even because there is a .25 difference. correct? i just want to be clear.

the other question is, do you have any other rules besides the actual trading? like do you stop trading if you have x losses in a row....or any other rules like that?

thanks
More...

The target on a reversal is +1.25 on ES, or +3.50 on NQ. Thus a true breakeven for the timeframe less commish.

No other rules about stopping or anything else unless the Baywatch girls stop in.
 
Originally posted by Quah


The target on a reversal is +1.25 on ES, or +3.50 on NQ. Thus a true breakeven for the timeframe less commish.

No other rules about stopping or anything else unless the Baywatch girls stop in.
More...

that's "BABEWATCH" ... :cool:
 
Hi Quah and All , I was wondering if you have a file for your ensign chart to share with others users.

Would be very nice to have those fib time series plotted on my chart :cool:

I think your stoch 34 2 34 on 1 min chart uses a simple formula , not exponential. Right?

Thanks from Italy!

Marco

P.S.
I use myself a system on daily charts that at first sight seems completely crazy , but you know what.. it 's being working for
me 5 years now, so I m REALLY openminded when it comes to Trading
:D
 
Originally posted by mark1
Hi Quah and All , I was wondering if you have a file for your ensign chart to share with others users.

Would be very nice to have those fib time series plotted on my chart :cool:

I think your stoch 34 2 34 on 1 min chart uses a simple formula , not exponential. Right?

Thanks from Italy!

Marco

P.S.
I use myself a system on daily charts that at first sight seems completely crazy , but you know what.. it 's being working for
me 5 years now, so I m REALLY openminded when it comes to Trading
:D
More...

Marco - If you have Ensign, just use the fib cycle tool to put those lines on the chart. One click. And yes, simple formula.
 
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