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Old 09-17-2007, 10:19 AM
Dogpile Dogpile is offline
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Re: A Mechanical Strategy Journal
Decided I am going to use the S&P's for this. Fits better with my focus on that contract in general... Also, I like the 5-day mechanical system... (this is a learning exercise -- reminder, I am not a mechanical trader -- I may even skip signals if Market Profile context or something else strongly favors it).

The 'system' is currently long... will start on next short-signal.

Today will have an entry (short) at 1485.50 on a sell-stop.

This calculation is computed as

(Opening Price - X)

where X = 0.66*(5-day high - Yesterdays Closing Price)

So, 1492.00 - .66*(1507.75 - 1498.) =

1492.00 - 6.44 = 1485.56

Short 1 ES Contract on Sell Stop (good until 4:15): 1485.50

Last edited by Dogpile; 09-17-2007 at 10:36 AM.