This contest is at the request of JB Rules: 1. None - just post the damn stupid trades as they are done in real time - no matter what the outcome! Winner: We will let the ET'rs decide. JB has requested that this thread be a serious thread with nothing only trades - so please refrain from the usual "posting" that will serve no real purpose. If need be someone can start another thread to comment on this thread - but please leave this thread for competition trades ONLY! Thank you. M3
Ref:M3-1 Market: FX EUR/GBP (mini) Current Level: 0.9052 Trade: Long x 1 Entry: Buy Stop @ 0.9135 Stop: 50 pts Limit: 250 pts Status: Order Working GTC
Now no rules, no set up I guess this means willy nilly just take a trade and hope ? Well I will refer to mine as they play out and will do my best to keep you all informed Remember I am very busy in from 9:30 -12:30 will post if I have time
Question from someone from ET: Ok this is NOT a noob question of "how do I find a trend and always buy low and sell high"... we all know that someone who asks that is going to have issues trading. However, I would like some ideas on what other traders use to confirm a trend is starting. I personally use divergence in stochastics and sometimes macd. Just wanting to get some ideas/feedback from other elite traders. Responce from Me was : What do you trade ? Stocks or Futures not that it really matters just curious 1) you should always know your levels 2) Never try to sell a high 3) Always wait for high to be in place sounds hard but is truly easy to do, watch the trend higher high - higher low - trend in place higher high- lower low .................ummmmm now we have something lower high = NAIL IT.................lol little more to it but that is the quick and dirty way Then posted a screen shot to show what I ment from that day! Quote from TradePilotPro1: This pic may help you this is today in the S&P futures You can add some indicators to help confirm if it helps you take the trade? Remember # 1 "Know the levels" If you do not know how to find them you should learn before you take a trade with real money Safe Trading Joe Baker -------------------------------------------------------------------------------- Mach 4-1 Jumps in and quotes: hey jb..tel u wat..why don't you try and post a few trades real time..instead of after the events..and then we will see how good u really are And this: He responds to a poster on ET ND...why do you contradict urself? JB knows sweet fuk all about trading...and that is clearly seen by any trader who looks at his posted chart...it is pure shite...really! the art of reading a chart is very simple...and JB has not the first clue about effective chart skills.. be careful who u back up...as it shows what u know...and what u don't know My reply: I will call out the trades in a set up style 1) Fat Jack Trade 2) Looser Bucket Trade 3) Compression Trade 4) Average Joe Trade 5) Jimmy 2 times Trade 6) 3 time charlie Trade If a trend day I will refer to the market as slope of hope entry and snap a screen shot of why I took the trade This way there will no bullshit in saying I did not call it in time as the setups will all be the same over and over I hope you will do the same Please Advise! Joe Baker Now he states, no rules & no set up And Mach 4-1 starts a new thread and make me look like the one shooting my fat mouth off, I was helping a trader here on ET and Mach 4-1 jumped in and was very rude and of no help to the trader who asked a simple question Just wanted to clear the air as to you comment where you said AT THE REQUEST OF JOE BAKER ! I will post and follow up with a snapshot of what I was seeing Joe Baker
This is the levels and breakout and breakdown areas on S&P today I sent out to our members last night