Hi folks,
As per my promise, here is my first post regarding a strategy for trading the S&P emini ES
You probably know I'm a big fan of PnF for intraday trading so I applied a technique from a very successful trader of FTSE to the S&P emini.
The set up is a PnF chart set to Box size 1, reversal 2
The technique is to trade 5 box reversals, thus always being in the market.
The results have not allowed for slippage (overnight moves mainly) or commission.
Since the 24th December 2002 this method has produced a profit of 213 points from 56 trades. The worst drawdown has been 6 points!!!
Thats over $10,000 of profit per contract net of costs in about 7 weeks.
I'm not saying such wonderful performance will continue, but it augers very well indeed.
JonnyT
As per my promise, here is my first post regarding a strategy for trading the S&P emini ES
You probably know I'm a big fan of PnF for intraday trading so I applied a technique from a very successful trader of FTSE to the S&P emini.
The set up is a PnF chart set to Box size 1, reversal 2
The technique is to trade 5 box reversals, thus always being in the market.
The results have not allowed for slippage (overnight moves mainly) or commission.
Since the 24th December 2002 this method has produced a profit of 213 points from 56 trades. The worst drawdown has been 6 points!!!
Thats over $10,000 of profit per contract net of costs in about 7 weeks.
I'm not saying such wonderful performance will continue, but it augers very well indeed.
JonnyT