<b>Version</b>, it sounds like you really need a hug. Wish I could be there for ya, big guy :eek: Yes, no more name-calling unless I see snake-oil salesman with your byline on it. BTW... I'm always willing to forgive & forget everything for a new start, that is always on the table, too. At 42 yrs old in December, I much prefer peace and harmony to all else in my life. Your choice, I'll play either way.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1195669#post1195669 Q ------------------------------------------------------------------ Quote from risktaker: Austin, I've been to your "bought here...sold there" site and my impression is your "trading" is fake/nonexistent! Prove me wrong with some acct statements/audits/daily blotters, otherwise it's all bs. --------------------------------------------------------------- Are you suggesting we should pay a small fee collectively (or donate it to his nominated charity place) for inspecting his brokers' statements about these few transactions on this thread? That would be a good idea. UQ
Eventually (maybe tonight) this will get boring and you will be left alone with your peaceful world. Oh crud. The grass is not getting any shorter by itself. I guess I have to go mow the darn stuff. (Good thing I don't have a whole farm to take care of like you)... Have a good night and well.... trade well tomorroow...
<b>Emini markets:</b> Most traders think the fall trading season kicks off day after Labor Day. They expect an instant return to volume and volatility. If I recall, Sep 2000 kicked off with waves of selling that spilled into the month. Since then, it is usually the second week or later before tapes get rockin' Next FOMC event is Wednesday, September 20th. We're only 7.5 trading sessions away from the 2:15pm news. It is highly probable the markets will remain sideways or volatile - choppy until then. It'd be my guess that volatility ramps up in a big way from 9/21 into late October or beyond. Last two ES sessions held inside a 10pt total range, all wedged up. Monday morning will probably drift & chop thru the 9/11 Memorial observances of silence on the floors, etc. It is also possible that emotional sentiment will be resistant to shorting most of the day, maybe all day. But, if the market does anything but bull-flag higher in 45 degree trendline fashion, odds are it sells off hard into the closing bell. Either way, expect a strong directional push to grace our charts sometime tomorrow or Tuesday. The recent wedging has index charts primed for a big move. If they take the tapes one way in morning and reverse hard in the afternoon, I will sell or buy into that late-day push with xtra contract size. If my allotted size is 10 ER and 20 ES contracts, that's what I'll trade if price action swings around. However, if we see an afternoon trend move start to cascade up or down, I'll leg into 20 - 40 ER and/or ES contracts past 2:00pm EST. What I do there is trail stops on first position to par, then open a second whole position at clear continuation signals. I'm holding twice my usual leverage, but only risking normal loss of initial capital <i>and</i> unrealized gains on the first whole position. One - three times per month on average we see a strong directional push all session, or in the final two hours of trading. Charts are poised to break one of those real soon. Beware trying to sell tops or buy bottoms if price action pushes outside Thursday's range... especially in the late afternoon. Going with the flow on our next directional break will probably run a lot further than most emini traders can imagine, on a short-term basis or otherwise. ** That's a wrap for me tonight... gotta end things in here on a positive note. Wouldn't this forum be a far better place if no negativity existed, and traders all treated one another like friends at a backyard party? Imagine that
Austin I sent you a PM and will take you up on your challenge based on one rule. the results will be based off of actual statements from clearing firm not pictures of P&L window posted to site.
Very cool... 2 1/2 year lurker steps up and makes his first post to take the challenge! wtg, trimble, and good luck.
trader i do not have time to post here i come and read all the bs when bored. im too busy making living trading ive traded since 1999 and trade index futures for a living with no other income. i have met only 1 person on this site worth anything and that is futurestrader71. he has spent 1 week with my family and I and i have spent a few days with him in chicago. Anyway I saw the challenge and thought I would accept it. I have traded ER2 for 3 years and trade anywhere from 10-50 contracts. So we will let results speak for themselves.