how to manage false breakouts on NQ ES

What utter nonsense. I guarantee you that none of these guys trade, or those that do: none make money. These VDU traders (what is that anyway: some sort of venereal disease?) are seriously messing up this thread with their total and utter jibberish. Tracking four indicators on a one minute chart? What a joke. It all looks so impressive being so masterful staying with the moves all the way to the end, doesn't it? I must be a moron just going for $200 once or twice a day. And using nothing more than a Bollinger Band - I must be insane!

The truth is folks that trading is SIMPLE. What's hard is doing what's simple. What's hard is executing it with ruthless efficiency. What's hard is doing nothing. God knows how many times in the past I stared at four indicators thinking I've got it mastered. Talk about room for interpretation! The big money is made on the big moves. As for a stupid one minute chart with "volume": my ass!! The big moves happen in the ES once or twice a day. You don't need to be Einstein to see that. Just sit 6 ft back from your screen looking at a 15 minute chart. It's right in front of you.

These guys are just a distraction from the task of making money. They like to stroke each other and spout philosophical nonsense. Jack Hershey? 60 sceonds of reading your stuff and I'm fast asleep on my desk. Best cure for insomnia ever.

The danger here is that normal people will now lose the great pearls of wisdom on page 24. So go back and look at it again. Meanwhile, please can the VD traders start a new thread. Maybe call it the "VD mutual admiration society". Real traders are best staying away.

 

Breakout, you wanna know what's sad about this? What's sad is that you would have to rely on someone else to trade my ass into the ground. What about YOU? Why don't you trade my ass into the gound? Could it be because you are a failed trader who likes to hang around and quote what he thinks are "gurus" to make himself feel better?

80-100 trades a day is bloody nonsense. Maybe one person in a billion can make money that way. A hell of a lot more people can make money by implementing my suggestions on page 24.

I guess I'll never enter your guru leagues, because I'm too much of a simpleton. Oh dear, what a shame! Some of us are real traders who actually make money. I don't expect you'd understand what that means. So why don't you run along and ask Daddy Jack for some help - I'm sure he's got a nice bedtime story to calm your jangled nerves. He sure as hell puts me to sleep.

 

GUYS, GUYS, GUYS.....

let's not forget there are virtually unlimited ways to trade. just because you found something that works and someone else has a different style, it doesn't mean what they do doesn't work.

that said, SOME STYLES ARE DEFINITELY MORE EFFICIENT. SOME STYLES ARE BIGGER MONEY MAKERS..... PEOPLE NEED TO FIND SOMETHING THAT FITS THEM THE BEST.

I AM NOT NITRO.... I WILL NEVER SCALP LIKE LIGHTNING...BUT THAT DOESN'T MEAN HE CAN'T BE MAKING MONEY....

anyway, good thread, though..

 

are you aware that the middle BB line (basis) IS just a simple moving average?

if you have a 20 "length" BB setting, the basis will be a 20 period simple moving average.

yes, i did notice that you said you use an adaptive MA instead of a simple MA, so yes, your middle line will be a little different.

i'd like to know why you use an adaptive MA instead of the BB basis line? have you tried just using the basis BB line instead of the adaptive MA?

 

Well also remember I said that these VDU signals occured in line with signals that I was already using and helped confirmed the change in direction I was looking for or gave me a heads up to be prepared for POSSIBLE action around possible pivot areas. Like everything it does not work 100% of the time. I was looking for bars on the 1 minute time frame with volume under 200 contracts for the minute. Here are the ones I saw that lined up with what I was already anticipating or watching. I just gave possible high to low point moves but realize you can't get the whole amount usually.

9:59 5 points, 12:40 3 points, 13:47 3 points.

Truthfully I checked out the MACD and Stochastics but saw that I was getting in the moves before the those signals occured anyway so they did not mix well with what I was already doing. The thing was that I was not closed minded and looked at them for myself. If I could find away to use them that helped improve upon what I am looking at then I would most definitely use them.

Simtrader you seem fairly closed minded. I personally know traders that double your points per day. However what they do will not work for everyone just as your trading style is not the end all be all trading style either. However I appreciate you sharing what you do. I will probably take a look at it and see if there is anything there that fits what I am already doing. I just try to pick up pieces from here and there and build my own style. I will look at anything that will eventually improve my results, regardless of what it is. Unfortunately I don't find many things that add to the bottom line so I disgard them.

 

Geeh, you're fucked up, what's your problem?

 

My problem is that I don't suffer fools gladly. Especially when they are leading people astray. Do you wanna make money or just waste time learning about 1 minute trading from a 21 year old who's been at it for 7 days and likes to admire Greenspan as his hero trader? If it's the former, then try reading page 24, & maybe you'll learn something. Cos it sure as hell is full of practical hands-on advice which is a rarity around here.