Go back and look at the thread. He's only posting an entry, and apparently has made an attempt to widen the stop to 2.5 points, so whatever he says doesn't really matter without a post.
Taking liquidity costs $25 per contract in the ES per round-turn. Fully 25% of his 2-point SL and 16.67% of his TP. I would say that the lack of statements are material here. It's too easy to phuck with the numbers. It's not legit at this frequency w/o a daily run.
That depends on how you define "edge." As I said, MM can't make a system profitable that doesn't have a positive expectancy to begin with... BUT great MM can help one wring A LOT more out of a system with a positive expectancy than merely adequate MM.
Even if we assume he pays the spread on both sides for entrys and stops (which might be taken down to $12.5/RT if he's patient), how many of the strict(?) TP limits do you think he'll get traded through on, as in a tick over? I'd say about 66% of the time before the trade moves away from the TP, i.e. a touch with no fill...
No way Mike. I don't see much of a chance at improvement if he's placing SL/TP on the opening trade. I don't see a lot of day-session gaps. Of course, that cuts both ways.
Don't know if slippage and commissions make sure it doesn't work, but it will severely hurt it's chances. I don't think people are putting enough stock into this fact.
this method of turning less than 1k into 200k is dubious at best I prefer the Hillary method of trading the ags.
Ignore this loser, he used to be The Swordsman and blindly followed Jack Hershey into loss after loss.. he can't think for himself
Uh oh... what happened to all the wide-eyed believers? Is it possible that sicktrader's really not able to multiply his money 20X in 65 trading days? Come back believers, you're ruining my ET moment