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The following user says Thank You to Big Mike for this post:
I know this thread is for the ES but I want to see if I can use your method to trade the 6E during the Asian session. Here is a pic of the trade I just took. Short at 1.4573, with a 6 tick stop. First scale at 1.4570, second scale at 1.4567. The 6E trends pretty good so I'm thinking I could go for a larger target on the second trade.
I hope you don't mind me posting this trade.
The following user says Thank You to rptrader for this post:
This document assumes 2 points per contract. When trading 2 contracts with scaling out you need 2 successful trades to hit the goal, instead of just one trade with a 6 tick stop and one target of 8 ticks, or 9 to also cover commissions. Is that what you meant or are you going to switch to a one exit target method?
thanks I did not know they offered it.......I have been using Jump Desktop......$20........and I trade off my desktop at home from the iPad, about 1 sec delay but great battery life and the desktop does all the work, also I dont have to set up different charts.....infact did this from the iPad at dinner....hehehe
The following 2 users say Thank You to jwdixon for this post:
Hey rptrader, dont mind at all....here are the two charts I have been playing with, Im sure you could find better. The thing I am always looking for the charts where I dont have to change my rules.....that way it does not mater what I am looking at, if I SEE IT, I CAN TRADE IT, less thinking.....good luck. Let me know what charts you end up watching.
RP, when I did that I was still on the quest for 2 points a day, actually I was trading the russel more than the ES, but you are right, I want to just net about $100/day, how every many trades it takes, thats why sometimes I need to trade in the afternoon, I dont always hit exactly 2 points but thats my goal. Hope that helps
Also where I tend to exit too early, others might not have that problem....boils down to comfort and what profit you think you can pull out on the average trade...
Last edited by jwdixon; June 6th, 2011 at 10:55 PM.
Reason: Added to....
OK here are two screen shots during my morning trade. I will go over my thinking for the entry in the video I will post later. You will see I moved PT2 up quite a bit trying to catch a runner, I almost hit the close button when I saw 2.5 points but I resisted.....just moved my stop up to 6 ticks......
I have some run around, lunch with kids, and then I will get to the video.....do you think they are worth the effort? Anything to make them better?
The following 4 users say Thank You to jwdixon for this post: