Looking for trading partner for ES on profit sharing basis

Hi,

I'm looking for an experienced ES trader who trades ES using pivots and fibonacci S/R lines with tight stop loss (daytrading).

I'm looking for someone who can make atleast 25 points per Week.

I can share 50% of the profit made.

If anyone is interested please PM me, we can talk.

Thanks

I've just posted the following poll...

In the forum, member dt001, asks: I'm looking for an experienced trader who trades the ES using pivots and fibonacci S/R lines with tight stop loss (daytrading). I'm looking for someone who can make at least 25 points per Week. I can share 50% of the profit made. Do you think he will find anyone?

...on the MyPivots Fan Page. Feel free to cast your vote on whether or not you think dt001 will find someone.

Bernie is that you. I didn't know you were allowed Internet access. rofl

Originally posted by grednfer

I like this post.......a performance challenge.
If you can trade an account I provide and acheive a minimum net of +10 ES points per week per contract for 3 weeks, I'll give you 75% of the profits. That's only 2 points per day.....sounds easy huh? Consistency over time is the real challenge. And what you can do with 1 contract you can easily do with 10 or 20.

Very valuable cake! That particular set of rules to yeild approx 500 ES points per year....is worth around $2M.....
If its fly-by-the-seat-of-pants and hope its worth nothing.

Here's your cake, and you want 98% winning trades. You look a gift horse in the mouth. How naive! If you had been trading my posted (3, -1) formula you wouldn't be asking someone else to trade for you. Here are the posts, with the same consistent strategy, (3, -1) formula.

Today, from my Facebook wall, the same strategy, (3, -1) that fades the first move which is represented as (-1) of (3, -1), .....................
‎19 December 00:43PDT... Basis "intra-day trading YMH2 (March $5 Dow futures) from unchanged and applying the (3, -1) formula" strategy , fading the first intra-day move by the Stretch and measuring three of Stretch calculations in the opposite direction, ... the entry price faded the first move down (low 11696) at 11716, i.e., 11778 - 62 = 11716. Long entry YMH2 at 11716 was offset 11794 because a bearish fractal on the daily charts is in effect. This is indicative of lower prices, hence, cover the longs early. +78 points per contract = +$390 per contract.


http://www.mypivots.com/board/topic/7151/-1/ymh2-3-1-formula-profits-14-15-and-16-december-2011
‎16 December, YMH2 (March $5 Dow futures), basis intra-day trading from unchanged and applying the (3, -1) formula, and fading the first intra-day counter trend price move by the Stretch calculation: Because the previous day printed a rally failure at 11897, and the first price move for the 16 December trading sessions was up, a test of that high needed to define resistance at a price print above the 15 December high, 11897; hence, fade the first move up around 11900. Unchanged + 1.618% Stretch = 11822 + 90 = 11912. (11909 = high 16 December, risking $20 with a trade strategy projecting three (3) Stretch price movements lower.) 11909 - 56 - 56 - 56 = 11741. (11746 = low 16 December). 56 x 3 = 168 points x $5 per point = $840 per contract, +168% basis $500 intra-day margin.

http://www.mypivots.com/board/topic/7147/-1/ymh2-3-1-formula-14-and-15-december
15 December: YMH2 (March $5 Dow futures), basis intra-day trading from unchanged and applying the (3, -1) formula, and fading the first intra-day counter trend price move by the Stretch calculation, ... 11762 - Stretch = 11709 = 11762 - 53 = 11709.
11762 - 53 = 11709 (11694 = low, 14 Dec 21:42PDT), = (-1) of (3, -1).
11709 + 53 + 53 + 53 = 11868 (11897 = high at of 07:00PDT), which is (3) of the (3, -1) formula.
The maximum risk was $80 (16 points) and the (3, -1).
The price measurement objective was achieved, +$795 (159 points) per contract, and within 29 points of the high. The (3, -1) formula produced profits, again. $ ;-)

http://www.mypivots.com/board/topic/7144/-1/ymh2-3-1-formula-14-december-2011
14 December: YMH2 (March 2012 $5 Dow futures) Basis intra-day trading from unchanged and applying the (3, -1) formula, ... 12195 + Stretch calculation = 11895 + 55 = 11950 (11945 = high printed at 00:39PDT). This represents the (-1) of (3, -1), because this (intra-day) counter trend move is within a larger daily pattern that is failing 12178 and printing a fractal breakdown. Entering a few points before the price measuring objective, i.e., (-1), is achieved has proven to be a prudent short today.
As for the (3) of the (3, -1) formula:
11945 - 50 - 50 - 50 = 11795. (11785 = low as of 07:10PDT). The (3, -1) formula has produced tradeable probabilities, again. Each tick = $5. Intra-day margin is $500. 50 x 3 = 150 points x $750 ...+150% $:-)
Additionally, from the previous day's B session low, 11829, plus the 13 December 2.618% Stretch = 11829 + 117 = 11946. These are two correlating price measuring projections, i.e., 11950 and 11946, averaging 11948. (11945 = high).

http://www.mypivots.com/board/topic/7144/-1/ymh2-3-1-formula-14-december-2011
14 December: YMH2 (March 2012 $5 Dow futures) Basis intra-day trading from unchanged and applying the (3, -1) formula, ... 12195 + Stretch calculation = 11895 + 55 = 11950 (11945 = high printed at 00:39PDT). This represents the (-1) of (3, -1), because this (intra-day) counter trend move is within a larger daily pattern that is failing 12178 and printing a fractal breakdown. Entering a few points before the price measuring objective, i.e., (-1), is achieved has proven to be a prudent short today. As for the (3) of the (3, -1) formula, 11945 - 50 - 50 - 50 = 11795. (11785 = low as of 07:10PDT). The (3, -1) formula has produced tradeable probabilities, again. Each tick = $5. Intra-day margin is $500. 50 x 3 = 150 points x $750 ... +150% $:-)
Additionally, from the previous day's B session low, 11829, plus the 13 December 2.618% Stretch = 11829 + 117 = 11946. These are two correlating price measuring projections, i.e., 11950 and 11946, averaging 11948. (11945 = high).
Namaste

http://www.mypivots.com/board/topic/7132/-1/ymz1-3-1-formula-early-offset-9-dec-2011
‎9 December: (3, -1) strategy basis YMZ1 (December $5 Dow) holding short 12065. Rational: Basis intra-day trading the (3, -1) formula, fading the counter trend first move by the Stretch calculation and measuring three Stretch calculation price moves lower. An early offset is up for consideration. Thereby, .... (-1) of (3, -1) = 12012 + 56 = 12066 (12073 = high). 12066 - 56 - 56 - 56 = 11898. Covered 12065 YMZ1 short at 11966 (23:07PDT).
Offset rational: I'm going to sleep. lol.
1.618% Stretch correction from the high, 12073, down to the 8 December low, 11957, could easily hold initial support. (Note: unchanged + Stretch faded = 12066 = 12012 + 56 = 12066).

http://www.mypivots.com/board/topic/7125/-1/ymz1-unchanged-stretch-stopped-unchanged-2-618-profit
First short lost $90 per contract.
Second short was offset with an $815 profit per contract.
The short at the Stretch above unchanged, i.e., unchanged 12112 + 49 = 12161 YMZ1 12165 short (20:51PDT) stopped at .382% of the Stretch (12165 + 18 = 12183) -18pts = -$90 per contract. Sold short again at 2.618% of the Stretch = 12112 + 128 = 12240 with a stop .382% above short = 12240 + 18 = 12258 (high = 12244). Open trade: 12240. Rational for second short: Price moves of 2.618% of the Stretch almost always reverse. Unchanged + 2.618% Stretch = 12240. The previous high (27 Oct) at 12228 + .382% of today's Stretch calculation = 12246 correlated to today's 2.618% Stretch above unchanged: 12112 + 128 = 12240.

‎07:03PDT YMZ1 (December $5 Dow futures ) 12240 short covered at 12077 (Unchanged - Stretch = 12112 - 49 = 12063.... +163% per contract = $815 per $500 intra-day margin.

First trade fading the Stretch basis unchanged lost $90 per contract.
Second trade fading 2.618% Stretch offset that $90 loss and closed out the trading day with a $725 profit per $500 intra-day margin.
+145% today.
See strategies above.
Gone hiking.
namaste

http://www.mypivots.com/board/topic/7106/-1/ymz1-3-1-formula-2-4-7-11-14-18-21-and-22-nov-2011
22 November: Basis intra-day trading YMZ1 (December e-mini $5 Dow futures) from unchanged, 11525, and applying the (3, -1) formula, the first trade fades the Stretch calculation at the first intra-day counter trend move (Fade the Stretch and not 1.618% of the Stretch because the current volatile downward price moves (read: Europe's debt crisis and the US Supercommittee admitted failure to come to an agreement), and measuring three Stretch calculations lower from that projected price level to fade, representing the (-1) of the (3, -1) formula.
The Stretch calculation = 50.
11525 + 50 = 11575 = 11525 + Stretch = 11575 (high = 11583).
11575 - 50 - 50 - 50 = 11425 =
11575 - Stretch - Stretch - Stretch = 11425 (low = 11405).

21 November: The (3, -1) formula basis fading the first intra-day counter trend move produced a 232% profit today. Basis trading December e-mini $5 Dow futures (YMZ1), the (3, -1) strategy (16:00PDT Hunter Brashier Facebook home page post) was to fade the (counter trend) bounce off the first minute low, i.e., 11618 + 1.618% of the Stretch (90 points) = 11618 + 90 = 11708 (11725 = high) and calculate three ninety point price moves lower (high volatility and crisis of confidence indicated lower prices):
11618 + 90 = 11708 (11725 = high).
11708 - 90 - 90 - 90 = 11438 (11420 = current low print at 08:45PDT).
This (3, -1) strategy achieved the (3, -1) targeted price projection.

15, 16, 17, 18, and 21 November YMZ1, (3, -1) formula posts:
http://www.mypivots.com/board/topic/7102/-1/ymz1-3-1-formula-15-16-17-18-and-21-nov-2011

Since mid-October through 22 November, the (3, -1) formula applied to the Stretch / Fibonacci Stretch strategies have produced profitable trades and continues producing tradeable probabilities.
http://www.mypivots.com/board/topic/7098/-1/ymz1-3-1-formula-15-16-17-and-18-nov-2011

... and early November (3, -1) strategy results:
http://www.mypivots.com/board/topic/7083/-1/ymz1-3-1-formula-stretch-2-3-4-7-8-9-10-11-and-14-nov-2011

... and also October (3, -1) strategy results:
http://www.mypivots.com/board/topic/7033/-1/ymz1-3-1-formula-stretch-price-rotations-oct-6-13-14-17-18-19-24-25

Hunter,
I know we hijacked originator's thread, but I like the concept.
Your stretch trade stuff does work, but its not consistent enough (nothing personal, so don't get mad).

And 500 ES points would equate to 5000 DOW points. Have you netted 5000 DOW points this year? Both are about 40% of the index value....which is BIG ROI. And your stuff works on ES (and NQ and TF) as well as it does on YM.....I've tested it. I actually prefer the original TC stretch trade which is more momentum based, so I'll always appreciate the alert onto TC, which BTW is used alot.

I have never met a human who can net 10 ES points per week. I've seen many try, because it sounds so easy, right? And many claim they can but I've never seen anybody actually do it.

Take my current ES program for example, which has TC stuff built in. Although ES moved up and down around 50 points since yesterday's open, it only netted 11.5 points......not very efficient, but its consistent....which is a necessary atttribute of an income generator.

Happy Holidays!

Hi Grednfer,
Happy holidays! 20% of a day's range is a great start to the week! $:-). Taking a profit is the difference between you and >90% of all who attempt to day trade. Efficient is consistent profits. You're selling yourself short, and others have made the ten ES points on a weekly basis. Would you please tell me, simply, about "TC"? Thanks. Namaste

TC=Toby Crabel.
He authored a book and a series of articles (including the definition of the "stretch") like 25 years ago. Its old school, but from my observation many algo machines employ it, which is really facinating. It just goes to show you that "truly" successful algorithms will stand the test of time and are technology agnostic.

TC defined a momentum trade away from the stretch, whereas yours is a retracement trade using the stretch and fib values. Both do work and you can see the stretch in the price behavior of just about everything. Which means its probably built into the liquidity algos used by the exchanges and market makers. Acquiring that knowledge was a defining event of my 2011.

Like I said, your trades work, and its facinating how accurate the math is, but I couldn't get it work consistently. I have to balance my facination with the need for profitability. But there is some TC stretch math in our software now.....it influences whether the program trades long or short.....which is always important.

how about that ES pops up and hits right on the number.. i tried posting on CNBC , but it wouldn't post first # of 1220 either..

Oooops. dt001.. forgot the number 1227.25.. its all about the numbers. Forget those long formula's, etc, etc.

I am interested but dont believe your methods alone would be enough