No Brainer Breakouts or How An Early Bird Catches A Worm

Discussion in 'Journals' started by JSSPMK, Oct 30, 2009.

Will I win or will I lose by the end of November 2009?

Poll closed Nov 6, 2009.
  1. Win

    21 vote(s)
    63.6%
  2. Lose

    12 vote(s)
    36.4%
  1. JSSPMK

    JSSPMK

    I have a question:

    Who has observed ES locked within 1 point range starting 9.30am Eastern?

    Next question is what is an ATR for first hour of ES trading session, even if it is an estimate?
     
    #21     Nov 2, 2009
  2. Let's not wake up any more fools. Please close the thread a.s.a.p.

    You can't expect the holy grail to stay holy with all those fools drinking on it.

    In fact, you should consider deleting the whole thread.
     
    #22     Nov 2, 2009
  3. JSS,

    Did you do any statistical analysis related to performance?...worst case scenerio etc...after all at 16 p you may need a lot of them if it doesn't roll over.

    Would be interest in any data you may have...thanks

    NiN

    I got Pocket to have a look as he has a spread account
     
    #23     Nov 2, 2009
  4. JSSPMK

    JSSPMK

    For worst case scenario you can assume a maximum loss of 2% of your actual portfolio size per a cluster of trades, if you so wish. As I said this is not about sexy results, it's about Holy Grail or how NOT to lose out. No stats, sorry. This is fun based exercise :) Don't forget that every new entry doubles the previous stake, so 0.16-0.32-0.64-1.28... until x2 range is obtained to lock gains.
     
    #24     Nov 2, 2009
  5. Imagine cutting the number of losers by 50%...

    Let's not wake up any more fools. Please close the thread a.s.a.p.

    You can't expect the holy grail to stay holy with all those fools drinking on it.

    In fact, you should consider deleting the whole thread.
     
    #25     Nov 2, 2009
  6. thanks, JSS

    yep...it does look like fun and I know it will work out...as time passes I will see if I can come up with a money management technique that will fit:cool: ...no promises as have no idea of vulnerability levels at this stage.

    it would be good for a kid'a piggy bank...if a spread shop was available
     
    #26     Nov 2, 2009
  7. So if you lose 49 in a row, the 50th bet is for $160 Trillion?.

    Very cool to be a highroller.
     
    #27     Nov 2, 2009
  8. Only if you had 3200 trillion to start with in the first place...and then you rule off and start again.....simple:D
     
    #28     Nov 2, 2009
  9. NOW...that's a thought.

    I know of someone that did something like that, with a lot less money and stole my napping spot...

    What a bastard...and he doesn't even like sake.
     
    #29     Nov 2, 2009
  10. JSSPMK

    JSSPMK

    Ok folks, this is what's happening.

    0.16*10.25= -1.64
    0.32*10.25= -3.28
    0.64*10.25= -6.56
    1.28*10.25= -13.12

    Currently Long 1038.75 @2.56 per point. I have a feeling that I will get my 20.5 points very soon :)
     
    #30     Nov 3, 2009