Live ES calls

[trueandhonest]

Starting tomorrow at market open. Tentatively 13 point target 15 point stop. Because of time contraints I will just type buy or sell, that means market buy/ sell with the above stop and target. I try to get as close to the opening price as possible.

 

[wackypete2]

Starting tomorrow at market open. Tentatively 13 point target 15 point stop. Because of time contraints I will just type buy or sell, that means market buy/ sell with the above stop and target. I try to get as close to the opening price as possible.

13/15 full points, correct? not ticks?
Can you give us a little insight on how you trade?
I'm looking forward to seeing some good trades

Peter

 

[trueandhonest]

That's points, not ticks.

 

[trueandhonest]

Selling at market at open, SL 15, target 13. I hold until target hit or stop hit, or change of trade at market open tomorrow.

 

[BataviaTrader]

Selling at market at open, SL 15, target 13. I hold until target hit or stop hit, or change of trade at market open tomorrow.

how bout a trailing stop? you use one?

 

[trueandhonest]

I don't use a trailing stop because they always cause me to take small targets or miss bigger moves. It never feels good to have a trade get within 1 point of target and then come back and stop you out, but in my experience you're better off just leaving things sit over the long run.

 

[TASK]

How many contracts do you trade?

 

[trueandhonest]

I guess you could trade as many as you wanted to, but keep in mind that each stop out is 15 points, so I wouldn't do more than 1 per 20K in my account. I also hold over night so there's a higher margin needed than for just day trading.

 

[trueandhonest]

The question today is whether to cover and go long, or continue short and wait for target. If I continue to hold with same target and stop loss, I will type = continue, if I switch long at market open I will type = long which means 13 target, 15 stop loss and long at open.

 

[trueandhonest]

continue

 

[trueandhonest]

so we will just hold our same position from yesterday, still waiting for either target hit or a stop out

 

[Dick Lexic]

i've subscribed thanks

 

[BataviaTrader]

that's a bummer

 

[trueandhonest]

That's a stop out for -15. Total so far = -15. Tomorrow I'll be trading again.

 

[trueandhonest]

By the way, here's my totals since November, just to give you an idea of how it works:

November 8 2011 + 13
November 9 0211 + 13
November 15 2011 - 15
November 16 2011 + 13
November 17 2011 + 13
November 21 2011 + 1
November 23 2011 + 13
November 25 2011 + 4.5
November 28 2011 +13
November 29 2011 - 0.25
November 30 2011 + 13
November's totals = + 88.75
December 2 2011 - 12
December 5 2011 - 15
December 7 2011 +13
December 12 2011 + 13
December 13 2011 - 15
December 14 2011 + 13
December 15 2011 - 7.25
December 20 2011 + 13
December 23 2011 + 8.25
December's totals = + 11
January 4 2012 - 15
January 6 2012 - 3
January 13 2012 - 15
January 17 2012 - 7.25
January 18 2012 +13
January 19 2012 - 4
January 24 2012 + 13
January 26 2012 + 13
January 27 2012 + 4.25
January 30 2012 + 13
January's totals = + 11.50
February 2 2012 - 15
February 3 2012 + 4
February 7 2012 + 13
February 9 2012 + 13
February 10 2012 + 3
February 13 2012 + 4
February 15 2012 + 13
February 16 2012 + 13
February 17 2012 - 3
February 21 2012 + 4.75
February 22 2012 + 7
February 24 2012 + 0.75
February 27 2012 + 13
February 29 2012 + 13
February's totals = + 83.50
March 5 2012 - 15
March 6 2012 - 3
March 7 2012 + 13
March 8 2012 + 13
March 12 2012 - 8.5
March 13 2012 + 13
March 14 2012 + 8
March 20 2012 - 5
March 21 2012 -13
March 23 2012 + 7
March 26 2012 - 15
March 27 2012 + 6.25
March 28 2012 - 15
March 29 2012 + 13
March 30 2012 + 1.75
March's totals = + 0.50
April 2 2012 + 13
April 5 2012 - 7
April 10 2012 - 15
April 12 2012 + 13
April 17 2012 + 13
April 23 2012 - 3.25
April 24 2012 + 13
April 25 2012 + 13
April 27 2012 - 1.5
April's totals = +38.25
May 1 2012 - 15

 

[trueandhonest]

Tomorrow I will either buy at market, or sell, or do no trade. If I say buy, that means buy at market open, if I say sell, that means sell, and if I say none, that means no trade. Stop loss will be 15, target will be 13 from market open.

 

[trueandhonest]

Buy

 

[trueandhonest]

So, entry = 1394, target 1407, stop loss 1379

 

[wackypete2]

Looks reasonable. I think it's a good entry price.

Peter

 

[rathcoole_exile]

​

So, entry = 1394, target 1407, stop loss 1379

i'll take the other side of that !

I'm looking to add to my shorts, once we get below 1389