Futures :: Forex Trading

My 2 minute reverse ES trade

My 2 minute reverse trade has been working good, made $200 yesterday off the open and $65 today, live trading.

Changed it a little but not much. Before I would wait 2 minutes off the open then place a trade in the opposite direction to where the market was from the open.

So after 2 minutes if the bar was red, I would buy, if the bar was green, I would sell.

Now I wait for the 2nd 2 minute bar to move, up or down, and just go with that direction, I also don't wait if it moves against me, before I would use a 1 or 2 point stop.

Now I don't even wait half a point sometimes, if it just starts moving the other way I get out or reverse my direction.

+65.24 today

Tuesday, August 25, 2009