Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
add S ES 2270
i hope you are trading in between your "rulz", because you leave lot on table.
64 is still in play
Jerry Jeff Waker recorded a song..."Pissin in the wind"
we are under 68...at least. so i am not that worried. not yet
decay here, imo
slow drip..take out 68...maybe even 66
Mac, do yourself a favor, take your losses. Adding to losing trades is a losers game. You can get good at it but ultimately, a catastrophic trade can take you out. There is a danger with public posting of trades, ego gets involved and you lose sight of your plan. No one care about whether you make money or lose money but you...not should they.
Looks like I missed out on some ol fasion banter....
Ah well, isn't adding to losing trades like trying to implement a martindale systym?
Very choppy pattern last session. Quite interesting to, radical 15 point swings. XD.
Good luck next session, hopefully we get some more simple free flowing patterns.
Also I would like to point out just like the definition of margin has multiple meaning so does the word "swing" have multiple meaning. Now we all know that swing trading is holding a position for multiple days. So the second meaning is a "swing" pattern day or more specifically, when the market swings.
Now you may have a open when the market moves steadily up say 7 points, and then swings, or basically starts to drop.
Some people call this a "v top" or a "v bottom".
However others call it a swing trade. A trader would specifically aim for a level in which to enter the market in the opposite direction. For the ES I believe these levels are around the +-5 point mark. The last 3 sessions have been very good for this, with the last session recording a 14 point swing, as the session b4 this was also around the 14 point mark (profit) from -5 point drop from the open.
The day b4 that (3 sessions ago), was a little less however it swung from the -5 level.
I believe this level is good because anything less is just "noise" and also tends to get hit quite a lot.
Sure, you could pull up many charts in which you would have lost $$ on this. However I believe this is a 50/50 level!
Another beaut thing about this type of trading is YOU DON"T HAVE TO WORK OUT DIRECTION!! Its already worked out for you! If you can't work out direction for a swing trade then delete all trading software and please don't drive on the road.
Because Handle123 is full of it. Every month or so he is creating another new system. He also makes them from his hospital room, as he mentioned, and makes them while he is getting a Starbucks. If he really wants to help his friend out, why not just share one of the many systems he already has? Why is he creating yet another system?? Given that he trades over 400 contracts, as he says, he might as well build a system that piggybacks his trades because he is moving the market!!!
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