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AK1 ES strategy


Some time back a member of our forum,AK1, posited a strategy for trading the emini S&P, ES, which I followed on and off for awhile. About a month ago I started to actually trade the strategy with reasonably good results ,in my opinion. I share the strategy with you at the request of our administrator, Bruce, who was kind enough to try and locate AK1, since I had a few questions about the strategy.

Find the closing price of ES at 8:29AM EST on the day before you intend to trade.
Find the closing price of ES at 8:29 EST on the next day. If the price is higher you are in buy mode and conversely if the price is lower.
Take a Fib retrace reading from the overnight trading. If in buy mode enter a buy at the first fib bar above the 9:30 AM EST market opening. Use a 4 point sell stop and a 4 point sell limit.
If neither of the sells is taken out at the close of the regular trading session close the position.
Reverse the procedure for sells. If the closing price at 8:29 AM EST is below the previous day's 8:29 AM close enter a sell order with a 4 point buy stop and 4 point buy limit. Here are the results of a months trading.

DATE AK1

		Buy	Sell	Stop	Tgt	Gain	Loss		   
1/18/2011 1289 1285 1293 4
1/20/2011 1275 1279 1271 4
1/21/2011 1283.75 1279.75 1287.75 4
1/24/2011 1279.75 1283.75 4
1/25/2011 1284.25 1280.25 1284.25 4
1/27/2011 1291.5 1287.5 1295.5 4
1/28/2011 1298.5 NO TRD
1/31/2011 1275.5 1279.5 1271.5 2
2/1/2011 1292.5 1288.5 1296.5 4
2/2/2011 FISHING
2/3/2011 1295.75 1299.75 1291.75 4
2/4/2011 NO TRD 
2/7/2011 1311 1307 1315 4
2/8/2011 1317.75 1313.75 1321.75 4
2/9/2011 1317.75 1313.75 1321.75 4
2/10/2011 1307.75 1311.75 1303.75 4
2/11/2011 1315.75 1311.75 1319.75 4
2/14/2011 1327.25 1323.25 1331.25 4
2/15/2011 NO TRD 
2/16/2011 1330.75 1326.75 1334.75 4
2/17/2011 1331.5 1327.5 1335.5 4
2/18/2011 1340.5 1336.5 1344.5 2
2/22/2011 1329 1333 4
2/23/2011 1312.75 1316.75 1308.75 4
2/24/2011 1302.75 1306.75 1298.75 4
2/25/2011 1315.25 1311.25 1320.25 4
2/28/2011 1329.25 1325.25 1333.25 NO TRD
3/1/2011 1333.25 1329.25 1337.25 NO TRD
3/2/2011 1302.25 1306.25 1298.25 4
3/3/2011 1323.75 1319.75 1327.75 4


I think this is essentially how AK1 presented it. Please feel free to comment. I also have some code for TOS which places the fib numbers on your screen if anyone is interested.
I try to control what I can and let the rest do its thing. I have no idea which way the market will move at a given moment. (does anyone).

I focus on good areas to trade and try for 3:1 RR. I agree, many ways work for many different people. One must find their "sweet spot".

1:1 makes me nervous.
thanks for the clearing that up...i was like whoa 90+ points in like two months...wow
Here is another way I try trading. Say we are seeing a selloff on say a Tuesday. Start looking at numbers from the previous Tuesdays to initiate entries. E.g. On the day we had a massive selloff last year when the DOW TANKED 1000 POINTS. I posted some sucessful trades as I took them hoping someone will catch on.........fwiw....
I'd still like to see what Fib you are using on each trade ...Is it a 24 % retrace, a 38 retrace a 50 % etc.....I'm assuming u use the same fib on each trade otherwise it is too subjective ..thanks Gus