ES Journal Archive (2006 - 2008)

That is exactly my point, countertrend is fine, great even, but so much risk (counter-trend) for so little reward (2 points).

Daniel

 

2 pts is hardly a little reward. I trade multiple contracts so 2 points is HUGE.

 

can someone please quote me SPX cash

 

1206.08

 

moved stop to 1213 oco 1203 cover

 

1205.89

 

If you trade multiple contracts then the risk is bigger too, don't see your logic. Heck, with multiple positions, why not scale out and adjust risk.

Daniel

 

Thanks,
Trade station is having data delivery problems

 

You can get LIVE SPX at bigcharts.com. If you set your browser to refresh in every 15 or so seconds, basicly you have a live chart of the cash...

 

I don't trade risk. I trade order flow.
The ES is one of the most efficient/liquid contracts in the world!
I developed this system (one amoung many) to take advantage of this fact. The strategy has not changed in over 9 years!
I developed the method back in my stock broker days. the guys on the trading floor hated it.