Have to agree with this one.... took me a long time before I could see through the lines. Anyone can make money in the markets, its not that hard. The hardest part is keeping it. I wasn't consistently profitable until I fully understood the concept of risk management inside and out. Its what separates the winners and losers IMO.
moving order down to 1422.25 stop at 1419.50 target retest of highs and holding runners with BE stop if first target is hit. see if they wash me out AH like last night... small size due to ranges lately in the globex.
Pro musicians (potentially) can be really good traders, they already understand that if you hit that note a split second too late, you are out of sync with the main rhythm, boom boom boom boom... <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/Edc2yVHRHiQ&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/Edc2yVHRHiQ&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
What about pro conveyer belt operators, if they are out of sync then they can lose a finger, or 2, would they make good traders?
The best bias is timing of a change in trend right in the middle of the day - scale in works best in a day like that And for a retail trader with a small account, that is still doable, although a lot of heat has to be taken everyday. The interesting thing is, a model like that wins 95% of the time and got hit big time on the other 5%. The expectancy is no better than a pro trader's per contract expectancy. The main advantage is that it can move size
Is this a long entry here with a quick move back to pivot at 1427.25? Possibly so long at 1422.75 with a stop below AH lows and 1427 target. We all can have some fun here