emg

Because I be adding contracts if the market goes against me to average my price. let me give u an example on today trade. i went long 1160.50. if the market contiues to fall, i plan on adding at 1155.50. that will drop my average price to 1157.50 and move my 1 point profit target to 1158.50. The odds of hitting my profit target at 1158.50 vs 1161.50 is higher. This approach may seems risky but i always believe the market must correct before continuing the trend. In order to lower this risky approach, i do not enter at any price. I could have enter at long 1164.00 instead of waiting 1160.50. At that time, i believe that the bear market is still strong and decide to enter at 1160.50. Its all Math. There will be time that i be adding 3-4 contracts. I do not believe placing stop because big fund managers can enter a trade 5000 contracts and wipeout many small account traders. By the time big fund managers wiped out many small account traders, they take profit or the market is correcting. Therefore, I need room for the market to correct and may need to average my entry price if needed to which is why my risk management is based on percentage and not stop order

1 point profit. i was barely filled

filled at 1160.50. looking for 1pt profit target

plan on going long 1160.50

feel free to post trades in this thread. this is what the thread is all about. posting trades

My stop is based on 10% of my risk capital. For example, let say i have $40K in my risk capital account, my risk management will be $4000.

My stop is based on 10% of my risk capital.

due to low volatility which began 2nd half of 2009, 1 pt profit (4 ticks) profit target takes a while to achieve vs 2 ticks profit target. If today is sept 2008 when the es was trading an average 40 pts daily, I would call 1pt profit target as scalping.

took profit 1165.00.

currently long 1164.00. looking to profit 1 pt

I am currently long 1163.50. looking to take profit at 1165.00

im with postrock global. they have excellent rate. ask for Kevin.

market too choppy. no trade today. failed to break 1166.00 and 1155.00

1-3 ticks are scalping. 1pt profit target is not scalping

as of now, there is no trend. dont know whether to go long/short. still waiting for the market to make higher high or lower low

if the market breaks below 1154.00, i plan on going long

order canceled. might go back in

Plan on going short at 1164.50. Looking for 1 point profiit target.