O.K. going strictly on the close of the 3rd candlesticks after 2 consecutive closes above 21 EMA, I still don't see how it'd turn out to be flat or profitable. I got a nearly 7-point loss still.
Long 10:35 = 1,323.17 (------)
Short 11:20 = 1,318.04 (-5.13)
Long 12:45 = 1,319.68 (-1.64)
Short 14:00 = 1,318.68 (-1.00)
Long 15:15 = 1,317.86 (+0.82)
Total loss = 6.95
In my original post, I didn't consider that the trader would close this trade at the end of the session. Now, let's do that.
Closed all positions at end of session @ 1,320.88
Total loss = 3.93
And, I still have a loss of nearly 4 points.
I guess you're not reading my posts. The trades are as of the 2nd bar, not the third bar. 5 seconds before the 2nd bar closes you send in a market order. There is no reason at all to wait an additional bar, and in fact, your losses that you calculate all come from this waiting.
Here they are again:
L at 1323 just before 10:30.
S at 1319.80 about 11:15
B at 1319.50 about 12:40
S at 1320 about 1:50
B at 1318 about 3:15
S at 1321 at the close (he is daytrading he said)
Trade 1= -3.20
Trade 2= +.30
Trade 3= +.50
Trade 4= +2.00
Trade 5= +3.00
Total= +2.60
IT
Edited by IndexTrader, 10 February 2011 - 02:52 PM.