Winning, Losing & BetSize trading the ES

ElectricSavant said:
I know the session times with the one example that you gave (it was a daytrade). I just would hate to find an intraday swing and find myself exiting to avoid the overnight hold because I tied up less money in my daytrade account.

ES

P.S. I have checked statistics...used offset ma's on daily charts...I have tried every way to enter the open and get out before the close including breakouts..its just not my cup of tea. but persuade me do not give up so easy..send me a private thread I will try anything.
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RTH and the overnight session have different characteristics. Degapping the open to match the previous day’s close is where one can observe continuity of context.

It’s a bit of a mental stretch and for most simply not logical nor possible.

The logic is sound yet can only be obtained through deduction not induction.
 
Thanks Gawd for charting programs that separate out the day from the night and put the gap into the chart!

ES

Sprout said:
RTH and the overnight session have different characteristics. Degapping the open to match the previous day’s close is where one can observe continuity of context.

It’s a bit of a mental stretch and for most simply not logical nor possible.

The logic is sound yet can only be obtained through deduction not induction.
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I have got VWAP levels and Volume Candles, why am I not using them? I am replaying sessions now with them and I think I can put something together...stay tuned. I just cannot blowout 2 days in a row like that...

I need to work on how to identify trend days. I have a lot of pointers but I do not have those charts. I want to work with what I have. That inside day premise is one that I can use.

ES

P.S. Concerning inside day measurement...when the candle body is inside vs. the high and low being inside...which is used?
 
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Hmm... using daily loss limit as the stop and going for 1-3 ticks for profit? This sounds similar to selling far out of the money options, except it is faster. I guess problem would be the outliers, where the market decides to keep trending day after day (since it sounds like more reversion to the mean type of trade) and comms. fees. Since he is using market orders fills won't be an issue.

On top of that, it sounds like adding to losers upto 5 contracts, which makes the 1000 dollar stop close to 4 points from averaged in price and more from initial entry price. So without scale in the stop is like 20 points. I guess this method focuses on win rates?

I remember one person that did something similar except the stop wasn't as wide I think. He took 1-3 ticks of profits, sometimes more if market gets moving. Scaled in maybe once. Had 80-90% win rate (which included b/e trades).
 
Interesting..did your friend have a thread here? You can talk to me in "first person" if you wish.

ES

NeedToLearn said:
Hmm... using daily loss limit as the stop and going for 1-3 ticks for profit? This sounds similar to selling far out of the money options, except it is faster. I guess problem would be the outliers, where the market decides to keep trending day after day (since it sounds like more reversion to the mean type of trade) and comms. fees. Since he is using market orders fills won't be an issue.

On top of that, it sounds like adding to losers upto 5 contracts, which makes the 1000 dollar stop close to 4 points from averaged in price and more from initial entry price. So without scale in the stop is like 20 points. I guess this method focuses on win rates?

I remember one person that did something similar except the stop wasn't as wide I think. He took 1-3 ticks of profits, sometimes more if market gets moving. Scaled in maybe once. Had 80-90% win rate (which included b/e trades).
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ElectricSavant said:
Interesting..did your friend have a thread here? You can talk to me in "first person" if you wish.

ES
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Lol people get sensitive when someone mentions "you this and that". Strange but it happens.

No, he didn't have a thread here nor did he tell me the exact method. He used tick charts and limit orders more often than market orders I think.
 
Great Thanks..You are welcome here anytime...You can post whatever is comfortable..I just wanted you to know I am here and online. I am busy replaying my mistakes...

ES

NeedToLearn said:
Lol people get sensitive when someone mentions "you this and that". Strange but it happens.

No, he didn't have a thread here nor did he tell me the exact method. He used tick charts and limit orders more often than market orders I think.
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I do not want to trade so many contracts to try to chase the win. It does not fit me. Martingale is really not something for me.

I thought since the the ratio of trending days were less than non-trending days that I would try to go for a mean reversion system. I do not know how I opened charts and got back into chart trading.

There seems to be very few methods that can trade both days other than DOM trading without the use of charts.

I think I must return to turning off my charts again and go back to my training in the DOM.

I am going to try and trade what I see in the DOM and try stuff but there is no need to post my results in this thread unless I find my edge.

It is very difficult for a DOM trader to help me because there are so many factors...patterns...speed...etc to observe all once. It will just take screen time. I will tell you folks if I find something ok? Meanwhile If there are any DOM traders out there give me something to start with one thing to observe that is easy...easy...lol no easy in the DOM I guess.

ES
 
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How should I set up my T & S ? Should I have one for 1 contract and another filter with 100 plus contracts? Maybe I need multiple T & S windows? Some say the YM leads the ES?

I am going to go with FESX FGBL FGBM FGBS and FDAX forget the ES.

I am going to load up FESX to begin with. I like that name EURO STOXX50..sounds kewl..is it porno?

10 euros tick...whats that? do I need a EURO account...will all my losses be converted to EURO'S?...lets see trading hours are 2:00 AM EST to 14:00 PM EST. Night trading hmmm....that will take some getting used to.

ElectricTheNightStalkerSavant

ok look folks you gotta learn to laugh and not be so serious...ok?
 
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