You're prejudging me based on false assumptions Why don't we both start the year with $100,000 and lets see who makes a better percentage return for the year trading the YM? I'll blow away 99.5% people here.
I mean, I'll have less loss than most 99.5% of the people because I won't be trading it. oh.. I am such a smart trader.
the challenge talk is ego again overflowing....first u say it can't be done and then u say u can beat almost everyone....i don't play contests or talk my entries or system code.......as i told you rip, the girl talk and bar hopping is as professional as these forums.....pure entertainment.......as boredom is growing as i wait each weekend for Monday morning.......to show me the limited pictures ...for bltsram to say 5 /pt ym is what? that is dead giveaway about no knowledge of eminis'......coolweb came on with the same crap about big dinners in new york with big boys and big cars and girls and 100dollar turkey sandwiches and he left emini's with his tail tucked between his legs jsut as u did ripley........the big mouth went south just as 99 % do, inclluding your emini career..........sorry...stick with long term stock trading....it is easier....and simpler......
if i had seen ur lasst post first i would have agreed with you ripley THAT IS NOT A BAD POSITION TO TAKE.......MOST WILL LOSE.....AND U MIGHT BEART ME I DON'T KNOW THAT. I WILL MAKE MONEY BY END OF YEAR.....I THINK I WILL BUT ONLY HE KNNOWS I DON'T........I DON'T WHAT NEXT BAR BRINGS SO HOW CAN I KNOW?
I obviously don't get it. I have been using support and resistance as one of the tools in the toolbox to trade the minis for several years now and profit from it. But since several traders on this and other forums have officially said it doesn't work I guess I better stop. What makes people say with certainity that anything does not work because they have tried and failed with the same tools. That is the height of arrogrance.
lack of emini knowledge my arse; 5-10tick max is what ym offers u for the takin' most times before turnin' around. u wanna make 100 r/t day, go ahead all yours...am sorry but stocks offer u much better r./r. it aint a case that nobody in this forum except maybe 1 or 2 cant make money on futs. there are just no repetitive enough patterns to give u a decent egde.. it's a fest only for vicious cpus; for human beings tradin' eminis becomes a guessin game most of the time. choosin' 'em over other products just done make sense. u like futs? fine there are so many decent mkt around, sgx/hsi/spi/qm, etc... es is ther most atrocious mkt u can find and ym shares second place with nq.
IMHO for scalpers patterns are not as important as understanding range in eminis and of course other things as well. If we have an average range in the S&P I will be NET positive EOD most days. Stocks I can not comment upon.
AGAIN RIP u r correct for th emost part....the #'s on th e YM are grossly incorrect but no need to prove that ......it is on the charts forever howerever long that is.......a discussion i have already won without looking again as i look everyday and i do mean evryday it trades..........u r correct for most........as they give up as it is extremely difficult to figure it out......and yes, the repetitive YM patterns are there every single day, not all of them each day but mine yes everday......every single day....and 10 pts average ..........rip u r not familiar enough with the YM to discuss it i can see that clearly.........the 100 cars comment is ridiculosly off the mark..............but who cares .......es nq ym all the same for my system.......u c my friend i never miss the apex realtime at the end top o rbottom within 5 pts average......don't ask me how i go blank when asked that question....