ES emini balance beam update

update of the chart I posted a few days ago

note this is a multi-basket strategy running here, with 2 macro stops and smaller lots coming off at the balance beams on our way down

now getting aggressive with stops

When you say "multi-basket strategy with 2 macro stops," I'm pretty sure no one here knows what you're talking about. Maybe you can communicate things better.

When you say "multi-basket strategy with 2 macro stops," I'm pretty sure no one here knows what you're talking about.

Maybe you can communicate things better.

its a scalable grouping of many contracts
a basket is a group of units
units are numbers of lots,
lots are the first groups of single contacts

stops are also scaled to give attention to different phases of the trade
the initial scalping portion, the trading body portion and the extended portion

obviously the exposure gets relatively large with the ES, however the same approach can be used with less exposure in the FX market for big picture positions trades

Edited by lambro, 20 May 2010 - 06:23 PM.