NexusFi: Find Your Edge


Home Menu

 





How many tick will you take as STOP for ES/NQ?


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one michael45 with 2 posts (0 thanks)
    2. looks_two Big Mike with 2 posts (6 thanks)
    3. looks_3 trendisyourfriend with 2 posts (0 thanks)
    4. looks_4 esnq with 2 posts (0 thanks)
    1. trending_up 9,874 views
    2. thumb_up 9 thanks given
    3. group 6 followers
    1. forum 12 posts
    2. attach_file 0 attachments




 
Search this Thread

How many tick will you take as STOP for ES/NQ?

  #1 (permalink)
 esnq 
Montery Park CA
 
Experience: Beginner
Platform: TradeStation
Trading: NQ
Posts: 19 since Aug 2012
Thanks Given: 17
Thanks Received: 4

I'm currently using 4-5 points for NQ. How about you guys?

I think 4-5 points stop is too much for me as the trend always ends in 4-5 point too...

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 

  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,392 since Jun 2009
Thanks Given: 33,170
Thanks Received: 101,530



esnq View Post
I'm currently using 4-5 points for NQ. How about you guys?

I think 4-5 points stop is too much for me as the trend always ends in 4-5 point too...

Impossible question to answer since you've provided no context.

How long is the flight from where you live to New York?

One persons answer has no bearing on the next persons answer, everyone trades a different style, different method, different approach, different account size, and for different reasons.

But I can say that in general, people are obsessed with trading tiny time frames with tiny stops, in order to give the appearance of minimizing pain from stops.

Watch:
Webinar: Where to start as a trader? (Part I: Instruments and Brokers)

And read all posts:


Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #4 (permalink)
 esnq 
Montery Park CA
 
Experience: Beginner
Platform: TradeStation
Trading: NQ
Posts: 19 since Aug 2012
Thanks Given: 17
Thanks Received: 4


Big Mike View Post
Impossible question to answer since you've provided no context.

How long is the flight from where you live to New York?

One persons answer has no bearing on the next persons answer, everyone trades a different style, different method, different approach, different account size, and for different reasons.

But I can say that in general, people are obsessed with trading tiny time frames with tiny stops, in order to give the appearance of minimizing pain from stops.

Watch:
Webinar: Where to start as a trader? (Part I: Instruments and Brokers)

And read all posts:


Mike


Hi Mike,

Yes, I need to try some other things to get the better P/L ratio. Smaller time frame as entry & stop is one of the option after watch your webinar.

I Know too small stop has not much meaning. But it is kind of hard to get the balance.

I saw some guy do have very tiny stop by trading with DOM. What do u think about it? However, it means I need to change the broker and trading software.

Started this thread Reply With Quote
  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,392 since Jun 2009
Thanks Given: 33,170
Thanks Received: 101,530


esnq View Post
I saw some guy do have very tiny stop by trading with DOM. What do u think about it? However, it means I need to change the broker and trading software.

Stop trying to copy others is what comes to mind first.

Trading is hard. Scalping is harder. Why would you want to make it virtually impossible to succeed?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #6 (permalink)
 charleyfarley 
Sydney,NSW,Australia
 
Experience: Advanced
Platform: MT4 MT Predictor NT
Trading: Forex, futures stocks
Posts: 5 since Sep 2009
Thanks Given: 12
Thanks Received: 0

Hi

Yes it's hard but to my mind after a lot of thought it should be easy

By all means have a stop of x but be sure that that stop is not eating more than the percentage you've allowed for each trade.

Have a look also at the video from M T Predictor.

Good luck

Follow me on Twitter Reply With Quote
  #7 (permalink)
 
liquidcci's Avatar
 liquidcci 
Austin, TX
 
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
Posts: 866 since Jun 2011
Thanks Given: 610
Thanks Received: 1,091

It is not how many ticks you will take it is how many ticks is necessary? What does your back test say? What does your forward test say? What do your ratios look like? What kind of probabilities does it all produce? What kind of draw downs can your count size handle? Point being stop not just something decided arbitrarily.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
Thanked by:
  #8 (permalink)
 
treydog999's Avatar
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
Posts: 897 since Jul 2012
Thanks Given: 291
Thanks Received: 1,039

For my specific intraday set up my stop size is about 3 NQ pts. But i adjust +/- with ATR. again its all about context and what i am trying to do. Always pick the right tool for the job. Nothing can be cookie cutter.

Reply With Quote
  #9 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018


esnq View Post
I'm currently using 4-5 points for NQ. How about you guys?

I think 4-5 points stop is too much for me as the trend always ends in 4-5 point too...

I agree with what Big Mike wrote previously. However, i would not be too far from truth by saying on the NQ when momentum is kicking in or a move is developping a stop of 12-15 ticks is realis'tick' if your entry level allows at least a 1:1 risk reward for your first contract. If you then use that profit as a cushion for holding against the opposing force that will try to scare you to death by revisiting your entry point then a greater reward might be expected on your remaining contract(s).

Reply With Quote
  #10 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018



Big Mike View Post
Impossible question to answer since you've provided no context.
...Mike

Even though the context is not specified it is still possible to form an educated guess about it by doing some calculus even though there is no system in the picture. What comes first? your tolerance to risk, your backtests or reality? Simple statistical test my point the person in the right direction. To be sure, just look what arnie did to find the typical rotation on the ES. I would think this question here falls into this category or research department:


Reply With Quote





Last Updated on November 2, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts