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Trading

  #431 (permalink)
 
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 aquarian1 
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just for fun
getting sleepy


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  #432 (permalink)
 
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 aquarian1 
Point Roberts, WA, USA
 
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out


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  #433 (permalink)
 
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 aquarian1 
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@COTtrader

This is what my spreadsheet produces
do the price match yours?

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  #434 (permalink)
 
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 aquarian1 
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hxd

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  #435 (permalink)
 
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 aquarian1 
Point Roberts, WA, USA
 
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RTH main direction expected to be up.
buy area and time shown in elipse


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  #436 (permalink)
 
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 aquarian1 
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{edit this was a sim trade for the thread fundamentals for new traders which ended up here thw an error on the screensnap ultility - no cash trades today.}

We have closed out on one contract are holding the second.
(This is called "scaling out" of the trade as opposed to all-out at one price.)
We have adjusted the sop on the second to the cost price 1589.75

You scale out if you believe the setup is still valid but you are concerned that the price action shows weakening.


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  #437 (permalink)
 
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 aquarian1 
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The result was 6.75 points for the two contracts
Buy = 1589.5
Buy = 1589.75
Sell = 1592
Sell = 1594
6.75
50
337.50



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  #438 (permalink)
 
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 aquarian1 
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nice RTH R2
match

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  #439 (permalink)
 
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 aquarian1 
Point Roberts, WA, USA
 
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As you can see this is not a day to trade.

Breakout means a breakout is likely that is > 1614 and your estimated high is only 2 points lower.
You needed to buy below 1600.50 for 12PPP and that wasn't possible with the low 1605.50 @8;30
You need to sell above 1615.50 but that violated the buystop of 1614 as you never sell above your buystop.

So the rules say-
GO BACK TO BED


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  #440 (permalink)
 
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 COTtrader 
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Aquarian,

Here are those same levels from my 5 min chart.



Ken


aquarian1 View Post
As you can see this is not a day to trade.

Breakout means a breakout is likely that is > 1614 and your estimated high is only 2 points lower.
You needed to buy below 1600.50 for 12PPP and that wasn't possible with the low 1605.50 @8;30
You need to sell above 1615.50 but that violated the buystop of 1614 as you never sell above your buystop.

So the rules say-
GO BACK TO BED



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