The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Trying to rally, new high of 2796.00. Working back toward the gap at 2811.75 Lets see if it stalls out Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Very tempted to Sell 1 right here so I can enter the market on the short side. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Making new highs now 2797.00. I will be shocked if we fill gap to 2811.75 Still wanting to short the market Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Alright Ted, let's set this up for pure automation Todays high 2797.00 Lets place 1 Sell stop at 2784.00, which is 13pts off the high... We will be in this market if it trades down to 2784.00... If it doesn't touch this Ted, we are not in.. If we enter, I'll post exact trade.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Now we wait for entry.. Our order is,,,,, Sell 1 June ES on a stop at 2784.00... U must get terminology correct... This is a sell on stop order.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Getting close to entry, where u at Ted... Back down to 2788.00 Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Close to entry... Market at 2786.00. We are short if it hits 2784.00.. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 3, 2020 Report Share Posted May 3, 2020 I went to get Mexican food lol....play it out SSI and let me read thru after the fact and then play with paper money next time.... I would just be a mess now because I still have questions.... Reading thru an exchange for one (1) cycle and studying on down time next day will help 10x fold for Go-Try Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Alright... Trade 1.... Short 1 June emini at 2784.00.... Profit target at 2744.00... Stop loss now at 2794.25, as we have new low of 2781.25 Our risk is 10.25pts.. Now we need it to fall... If it rallies back to 2794.25, we will be stopped out with a loss and also reverse long at that point.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Well write this one down as Trade 1 Quote Link to comment Share on other sites More sharing options...
Boatboatboat Posted May 3, 2020 Report Share Posted May 3, 2020 I have to admit.This thread is comedy gold.Teddy learning an equities "system" Reminds me of the time i tried to teach my cat to make grilled cheese sandwiches Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 I want to trade this before a live audience... No way to fudge results... Quote Link to comment Share on other sites More sharing options...
JTGAMBLE Posted May 3, 2020 Report Share Posted May 3, 2020 Teddy going to get rich or die trying. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Need new lows, to lower the trailing stop and reduce more risk... Trade set up looks good... We will see what happens Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 New low of 2778.25.... Let's lower stops to 2791.25 Trade 1 now looks like thisShort 1 June ES 2784.00Profit target at 2744.00Stoploss reverse orders at 2791.25 So max risk is now 7.25pts... See how this works... We are reducing risk as market moves in our favor. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 New lows of 2776.25 Lower stop loss reverse orders to 2789.25 Risk on trade now just 5.25pts Very low risk trade now.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Trade 1Short 1 June ES 2784.00 PT at 2744.00Stoploss reverse order at 2789.25 Mucho pressure on this sucker.... Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 3, 2020 Report Share Posted May 3, 2020 I'm watching and trying to apply logical fundamentals like supply and demand to index futures and the 2 are just incompatible. Indexes seem to trade completely on sentiment which is fine but sentiment should be based on some kind of hard data. It leaves room for market manipulation... Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Yep Jimmy, what I'm doing is a simple momentum trading system... Fundamentals play no part in this. But our logic is very sound... Reduce risk, limit losses and let the winners run... That's trading 101 Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 3, 2020 Report Share Posted May 3, 2020 I know you're putting a lot of thought into it. Good luck. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 I'm trying to figure out if I should reverse my position upon exiting the trade or simply get out and wait for next setup... Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Market trying a rally. 2784.00 now. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 3, 2020 Report Share Posted May 3, 2020 I like the current pressure on the corn market. I'm in at 318 when the pit opens tomorrow. All those herds that can't be processed have to eat something... Quote Link to comment Share on other sites More sharing options...
redstripe Posted May 3, 2020 Report Share Posted May 3, 2020 I have to admit.This thread is comedy gold.Teddy learning an equities "system"Reminds me of the time i tried to teach my cat to make grilled cheese sandwiches Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Market tried a rally but failed.. Current price of 2778.00 Lets make more new lows.. So u going long or short corn... What month.. Quote Link to comment Share on other sites More sharing options...
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