Mechanical Phenomenon

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I'm going to track my performance with a single trade setup

that occurs over and over again. Whenever I trade it, I will

post my P/L in here. This trade will be an all in/all out trade.

Entry is determined by time and price and exit is determined by price alone.  

Got my mechanical trade signal today and it's the only trade I made

MAE 0

MFE 1

This is the bare minimum reward I will take on this trade. 

Here's mae/mfe and yes only ES :)

http://www.hotstockmarket.com/t/180408/risk-management#post_2813247

Originally Posted by rg7803 
Hi there Ichi! The "Mechanical Phenomenon" explanation will came later I guess...?

Hope it works!

See you man!

This is just here to track my performance, not the explanation :) 

 I'm down to talk about trading any day though!

Another small reward. Nothing else from me today. 

Originally Posted by rg7803 
Hi there Ichi! The "Mechanical Phenomenon" explanation will came later I guess...?

Hope it works!

See you man!

per wikipedia lol

A mechanical phenomenon is a physical phenomenon associated with the equilibrium or motion of objects.^[3]

When I closed my ES trade, I opened another trade in CL using the same setup.

Yeah, me too. I was thinking I was going to get the signal today but

it didn't happen. 

This trade doesn't happen everyday, but when it does I'm on it.

I've studied this extensively in /ES but I'm starting to see it works

well in almost all futures instruments. 

This is what Jesse Livermore is talking about when he talks about

just waiting for the right trade and stop wasting money on "I think this will work out".

You need to know the patterns that work the best and wait for them. 

Of course. You can't win them all...but hopefully you're not getting knocked on your azz and you're keeping your losers small. 

CL, GC, and 6C all setup for my mechanical trade.

ES was just an intraday trendline break long

edit: 6C hit target, trade closed

All trades were made using just 1 contract

Today's mechanical trade was 6B. The ES trades (2) were super stupid.

I'm still holding my 6B position (6 lots)

So far, still 100% positive. 8 for 8 with these.

Thanks, Bob.

My mechanical time based exit was hit but I didn't exit (+$262)...wanting more. Hope it turns out okay or I get another chance to exit.

updated post v2

3 mechanical trades today and 1 random ES gamble not part of the mechanical trades.. 

6E ended up being a loser. 

(11 wins 1 loss)