As expected, my short position was stopped out today for a loss of $775 (or 15.5 ES points). Total profit since beginning: $14,325
Daal, I haven't automated my strategy, and have no intention to do so at this moment. Unfortunately, I'm lacking the programming skills. But I did...
Thank you, vinc and Laissez Faire! To answer your questions vinc, I enter as soon as I see a break of support or resistance. The large time...
I figured out the same many years ago. The rewards from day trading do not justify the challenges and emotional drainage. Not that traders cannot...
Price is breaking a visible support basis at 1280 after ranging 25 points up and down (see 1H or 4H chart). I reversed just now at 1280.50, and...
It definitely would be. But then all those pundits, gurus, and so-called "experts" would jump in and try to convince us about overbought...
Very pleased with the current stability in markets. I have adjusted my stop to 1260 and continue to sit on my position since December 20.
You point out a very valid issue, gmst. Position scaling is something I will have to deal with in the near future once my accumulated profits...
I don't think that any action based on an expectation is a good idea at all. Assumingly, you worry that we will crash anytime. It's something I...
I am still happily enjoying my long position and have adjusted the stop to 1242, a higher low created on the way up. I tweaked a lot with my...
Very good point. Exactly the way I trade, too. Just limit the risk, and the rest will take care of by itself.
It already dropped a few years ago and bounced back. Everything you summarized earlier is old news. Just my two cents, take it fwiw.
That really looks like something worthwhile to pursue! I basically do the same manually by entering at big moves. Have you tested the same with...
You were basically saying that as long as the S&P 500 is below the May highs, it is bearish. And if it ever gets above it, it is bearish...
Wide Tailz, thanks a lot for your comments and the chart posted. You are quite right, the large time frames (daily/weekly) offer amazing...
Stop is now set to 1222.00, an area which I perceive as a lower high created today in the new uptrend since yesterday. Today's weakness and...
Bought @ 1217.25, Stop @ 1202.00 I am long with one contract at 1217.25 upon break of the several day downtrend line, clearly visible in the 4H...
One whole day has passed and we are still looking at the very same picture. Same sh*t, different day. [img]
There have been no flat support or resistance areas I used to trade until now. And this shortly I started posting in this thread. Either people...
I second that. Once the highs you mentioned are broken, we might be really up to something. [img]
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