8 replies to this topic

[denleo]

Taking a 10 point profit on NASDAQ futures. Why not? Flat for now. Denleo

[Tor]

10 points x 50USD = 500 USD. Its ok for a few mins work. I prefer to play the bigger swing. More risk more patience, but more potential profit. Bigger drawdowns too. Just whatever you feel comfortable with/where skills lie.

[hiker]

delayed daily chart...the bearish gap was filled this week -

[esther231]

Good trade, Denleo.

[eminimee]

Dennis...what was your stop on that trade if I may ask........you took 10 points with almost an 11 point draw down.... congrats on the profit...but I'm trying to get an idea of how you set your stops if any.

[denleo]

To be honest, there was no stop. The logic is simple: important event is this Friday (PPI report), so moves before it are just noise. You don't need stops during noise. Those who don't have much experience should not do it. Denleo

[arbman]

delayed daily chart...the bearish gap was filled this week -

If you want to find the actual cyclical structure by shifting back or the mid point of the cyclical trend, you need to shift back half of the MA, not EMA. So as this is a 3dma, you can not move it back 1.5 days, you need to use an intraday chart at least, fyi. Then the 3 dma and 1.5 dma in an intraday chart will give you some edge there when they cross over each other, it works, try it.

- kisa

[jjc]

To be honest, there was no stop. The logic is simple: important event is this Friday (PPI report), so moves before it are just noise. You don't need stops during noise. Those who don't have much experience should not do it.

Denleo

So it was a time stop and not a price stop. A reasonable approach if your edge is strong enough;
Your edge, as I understand it, is the recognition that the market is trading in a range bound area
until more information about inflation is available so it is safe to fade the extremes. Perhaps you have a determined pivot point or are fading large std dev moves on some time frame (or perhaps you just have a strong instinct for these things with out any quanatative measure). Interesting

jjc.

To be honest, there was no stop. The logic is simple: important event is this Friday (PPI report), so moves before it are just noise. You don't need stops during noise. Those who don't have much experience should not do it.

Denleo

So it was a time stop and not a price stop. A reasonable approach if your edge is strong enough;
Your edge, as I understand it, is the recognition that the market is trading in a range bound area
until more information about inflation is available so it is safe to fade the extremes. Perhaps you have a determined pivot point or are fading large std dev moves on some time frame (or perhaps you just have a strong instinct for these things with out any quanatative measure). Interesting

jjc.

guanatative, quanatative, quantitative... what ever it takes.

[arbman]

The best traders are the volatility traders imho, the time compresses during the quickly reached price extremes and it expands during the low volatility periods (or high liquidity) to reach to the same price extremes. This creates the left or right translated cyclical structures. If you want to trade successfully, you must determine first the liquidity in the bonds and then track the leadership and their cyclical shapes in the stocks...