Thunderdog, I never assumed that you don't know how to trade. To the contrary, I would think that someone who makes such as intelligent posts as yourself would be a pretty good trader. My post was for the followers of the thread who might be trying to figure out up from down and how to find it, hence the "P.S. That message isn't so much posted to Thunderdog as it is to all the followers who say they want to learn how to trade ... at this point, the knowledge is all there. ". It was used to generate discussion from the other traders, and in that respect, I would say it was successful, and hopefully someone would have benefited from the fact that if you don't put in the time, you won't get the results. In regards to know Aneke's money management algorithm one would need to know how he trades to employ it effectively. I'll be sure to "not to ready too much into your posts" in the future, however, you do ask the most interesting questions, and they do represent good starting off points for more discussion about the intricacies of trading the e-mini financials. For instance ...
... this little diddy right here. The answer to the question lies in understanding how the e-mini financial indices are constructed, what makes them trend, and what makes them chop. For that purpose, anyone who wants to know the answer to that question would be wise to pull-up the Advancers/Decliners on their screen, observe the price action of the e-minis in relationship to it, take notes and draw their own conclusions (and remember to put your time in on the weekends when the markets are closed ). Now, hopefully that response won't generate too much of the bad karma, but more of the good. Good trading, JJ
I'm pretty sure TradeStation has a function where it will actually plot out your entries you took that day right on the chart.
Thanks Anek First thing you are very bright. My screen time is 5 hrs per day for last 3 years = 5475 hrs.
Thanks so much for your encouraging post Unfortunately I am 77 and I havnt got all the time so I am trying to rush to make some money.
i thought this thread had gone by the wayside. good to see it still up and running...good job, anek. nice thread.
I have found pivot points very useful for equities and indexes. It is almost magical how price will stop and reverse at pivot points. They also help you know where certain levels are. I use them every day. Here is a chart of spy which will open in 20 minutes. Guess when the orange line which is the pivot (high, low. close/3) will get hit. They are somewhat predictive in that they let you know how the market trades in terms of these points or sentiment. The market will open lower but will it trade back thru this pivot point, etc. chart spy