I should clarify that I am talking about rockets trading index futures intraday. 666's comments seem to be referring to stock trading which I know nothing about. Since he was quoting me I responded from my perspective. I believe this thread is primarily about trading index futures.
This is very pertinent info. for me. Thanks! I'm somewhat surprised at your ratio of success---seems like the past few weeks they have been much more successful than 25%? How do you handle a situatiion like Friday fom 12:30 to 2 :00? Does the fact that you are near the HOD cause you to be more cautious? Do you keep re-entering? Any obvious flaws? Sorry if I'm being a pest. Would love to hear your comments.
As I stated a few posts back they have been working very well lately. I am talking over the long run. When you get into a sideways market Ive seen lots of days with nothing but washes and once in awhile you get those days with two or three moonshots in a row. The 12:35 rocket was only good for a point if you went by the book as the 12:45 bar took back most of your profit. I seldom reenter a rocket in an uptrend but will gladly do so in a downtrend when gravity is on my side. Just a personal preference. re: exiting the 12:35 rocket, this is where you will find prv invaluable as it would have gotten you out with a few more bucks.
I know why YMs the leader.But I still find lagging charts and having to switch over to the DOM too much of an ask.'If' Mr Hershey has been using people like me to tailor his systems analysis for better transference then I've earned some reciprocation.I've done more to further this project than most but I'm not going to kiss .... . Just out of interest,does anyone know the law regarding providing (selling) charting software that is 'fit for purpose'? (I've been using T&S) Also,has anyone had the experience of clicking the transmit 'button' of their TWS only for nothing to happen?It happened to me yesterday and I had to click the mouse several times before my order was transmitted.
Sometimes I am tempted to put you on ignore with the other team who are still running rampant evidently. "More to furthur this project than most?" Are you saying you are owed something because of this statement? Perhaps you could point me to your contributions so that in can be incorporated in to the collective. If "furthuring the project" means showing a path "NOT" to take, it is the same contribution as the rest of ET. The MBTrading/QCharts??? I thought you were only trading stocks for the forseeable future (no pun intended)...
Mak Did you trade yesterday? If so I would really like to know how you handled that downdraft shortly after 11. I was lucky enough to already be short off the ftt on the fourth channel which was a lower high and one of my favorite "setups". I bailed on the wrb. I am sure you were also short but am really curious how you handled the bottom. Did you exit or reverse? If you reversed could you please walk me through it. p.s. Jack if youre watching, the same question, please.
I did trade yesterday but not ES but rather EURO Fx. It was also the London session and not the US... However, that's a whole other thread to get into... Txuk might have some comments... Regards, MAK