Winning, Losing & BetSize trading the ES

This guy trades well...Support and resistance?

QuasWexExort said:
I'd go for a few more ticks. I set limit orders at what I define as short term extremes that are likely to snap back a few ticks. You can then take half off after a few ticks and let the rest ride for longer, in the case of strong trend. Today:

View attachment 189249

Reentering after SL is a good training exercise for the longer term. You just have to be disciplined enough not to snowball the losses when you get a strong trend against you. The daily loss limit may help you with that. My entries now are where I used to have my stops when I was a noob.
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1.) before my day i want to know not only news reports etc. but i want to know what patterns occurred yesterday. so yesterday was a nr4 and a inside day which told me most likely something was going to blow today. set my mind for a possible trend day.daily data below

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2.) i don't tangle with openings so i watch the market profile forming and it indicated a trending session was forming. it started like this first chart below and finished like the second chart below. 30 minute data below

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started like above and finished like below

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3.) then i also watch the value areas and the point of control as they form. 2500 contract bars below

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4.) i use the oscillator at the bottom of the page to make sure i am trading with the mo.

the heavy red line is the start of the day session and the bands are the value areas and the point of control. when the market rotates within the value area you counter scalp and when its outside the value area you trade the direction of the mo.

m
 
That's a handy little oscillator! wish I could have something like that. And that POC concept...fits me But your tools are prolly...expensive!

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4.) i use the oscillator at the bottom of the page to make sure i am trading with the mo.

the heavy red line is the start of the day session and the bands are the value areas and the point of control. when the market rotates within the value area you counter scalp and when its outside the value area you trade the direction of the mo.
More...
 
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Before dinner thought I would come out and play with market orders. So I am having a profitable night session.
 

Attachments

  • 2018-08-02_170928 Positions.png
    2018-08-02_170928 Positions.png
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Getting some nice "market order" action :)

19RT's +$262.50 (commish $49.02) NET $213.48

Daily loss limit moved to $786.52

My fixed costs are just Tradovate membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this.

ElectricCountsEverythingSavant

2018-08-02_180542 Positions.png
 
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THATS RIGHT! MARKET ORDERS


2018-08-02_195629 Positions.png
21RT's +$337.50 (commish $54.18) NET $283.32

Daily loss limit moved to $716.68

My fixed costs are just Tradovate membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this.

ElectricCountsEverythingSavant
 
26RT's +$400.00 (commish $67.08) NET $332.92

Daily loss limit moved to $667.08
2018-08-02_202553 Positions1.png


My fixed costs are just Tradovate membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this.

ElectricCountsEverythingSavant
 
ES,

Are you experimenting with market orders or buy offer/sell bid?

If you were exiting with a market order or buy offer/sell bid as well then your results will be closer to reality.
 
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