[mblack246]

Originally Posted by mblack246 »

Potential EJ long, I've marked up the highs and lows as I see them on two different 'degrees'.

This has been going sideways for 3 hours, i'm gonna pull the order in 15m.

[TradeRunner]

1 trade: +50

I couldn't decide on a target for this trade and originally just put it on a round number 141.00 which would have been +75. I had second thoughts and moved it to +50 but if I was trading 2 contracts then my second target would've have been 141.00 .

[thalestrader]

Originally Posted by TradeRunner »

1 trade: +50

I couldn't decide on a target for this trade and originally just put it on a round number 141.00 which would have been +75. I had second thoughts and moved it to +50 but if I was trading 2 contracts then my second target would've have been 141.00 .

You seem to have much better results when you trade less. Don't be discouraged when you have a day with just 1 or 2 trades and both lose. It happens.

Nice job!

Best Wishes,

Thales

[Cory2679]

Thales.

I have a question about when taking trades that you let go without actively managing them (presumably overnight).

Do you not have a way of getting the stop to BE?

I guess if you had two PT's, the first at 1:1 R/R and the second at 2:1, if the first PT got hit and the second didn't and the second half got stopped for a loss, you would break even on that trade overall.

Or would it be a good idea to use a trailing stop along with profit targets?
(maybe a trailing stop on the half shooting for PT2?)

Or would it be a good idea to just have one profit target?

Basically, I'm just asking for general guidelines/advice for leaving trades overnight.

(This is "addressed" to Thales, but obviously I'd appreciate input from anyone!)

Thanks,

Cory

[TradeRunner]

Originally Posted by thalestrader »

Don't be discouraged when you have a day with just 1 or 2 trades and both lose.

I think that day is not too far away. I think I have had a fair bit of luck over the last few days catching the big moves down.

[thalestrader]

Originally Posted by Cory2679 »

I have a question about when taking trades that you let go without actively managing them (presumably overnight).

Do you not have a way of getting the stop to BE?

I usually just have one PT, and it is either a SL or PT trade. I have used trailing stops with bracket orders on my broker's platform, but I usually end up with a less than desired result (after all, a trailing stop has to trail by a number of ticks, and it is itself "dumb" and unable to set itself to S/R and natural stop levels). The big benefit to trading overnight is that I am not there to mess with the trade. As I have said before, I do my best trading when I am asleep.

Best Wishes,

Thales

[thalestrader]

Here is how that ES couldawouldashoulda trade looks as we near the Globex close. It will be interesting to see where it picks up and goes to when Globex re-opens.

Best Wishes,

Thales

[forrestang]

Originally Posted by forrestang »

Is there anything here that looks like this will rally?

Not trading this, just posting it.

Looks like P1 was easily hit.

P2, if I were trading this I definitely would have closed prior to the close for a profit that was greater than P1.

How's that for another couldwoula fo ya! CWS crew in full effect for 2010 Boi!!!!