I am starting this thread to see if there is any interest of people actually making a recomendation for a trade. an easy format would be as follows but feel free to be as detailed as possible.. do not be vague.. Trade type: intraday short term, day position, scalp, swing etc entry criteria and order type : i.e resist thrusted thru buy stop to open Exit criteria and order type : total stop 10 ticks below or profit trailing stop.. etc. then you can explain anything if you want THIS IS NOT THE PLACE TO RUB IN SOMEONES FACE IF THEY ARE WRONG AND IT IS NOT THE PLACE TO PUMP YOUR EGO IF YOU ARE RIGHT.. IT IS FOR RECOMENDATIONS... i Am including a copy of one that I made last night .. it was a good one, but trust me not all of mine are golden! 04-09-08 07:26 AM here is my trade for oil tomorrow... at 8:29 am i place buy stop entry 30 pts above mkt .. same time place sell limit 50 points above 30 pt entry.. if my stop gets filled.. for half of the position set another sell limit at 90 pts above 30 pts for all but one contract. brk even stop (loss) order for 1 remaining position. Stop loss order if filled on all 5 at 20 pts.. below entry.. risk 1000.. potential gain: 2800 + end of day close of 1 remaining long if everything works properly http://www.elitetrader.com/vb/showthread.php?s=&threadid=124196 have some fun with this and maybe it will help others understand and see what good trading is all about.. or bad ! no one here that i know of is making a commission off of this information.. so for the sake of regulations.. It is now for "paper trading and demo accounts" this information should not be used in real trading no matter what
Be careful how you phrase this. Saying what trades you are taking is one thing. Calling them "trade recommendations" by you or by others opens you up to scrutiny by both the ET powers that be, and the CFTC/SEC.
no one here that i know of is making a commission off of this information.. so for the sake of regulations.. It is now for "paper trading and demo accounts" this information should not be used in real trading no matter what
I do not trade the ES all that much but i will make the first trade idea 1. buy on open..mkt order (cash mkt open nyse new york) 2. sell stop (loss) risk 8 pts (400 dollars) 3. exit: sell limit at 12 pts above entry or moc whichever comes first...
a lucky guess i suppose.. the trade worked nicely trade for tomorrow: entry 8 pts below open buy mkt stop 8 pts take profits at 15 pts or moc whichever comes first