Yeah, when romik mentioned it and I saw it I was "tempted" to take the trade myself ... but I don't have enough experience with the setup (even though it is using that 15min time frame ) to have enough trades in the ol' computer to know what my chances of winning are. Which actually leads to another point. You (4re) has years of experience with you breakout methodology, so the trades actually almost "talk to you", saying I'm here, come get the money! - you trade technically, but there is also a "feeling" component to your trading which the other traders may or may not be getting. I know, because I get that "feeling" when I see trend trades setting up on those multiple time frames (we had 1, 2, 3 good setups yesterday!) It's going to take a while for anyone trading a method to get that "feeling", until you do, its paper paper paper trade (Ninja Trader has a great SIM). ... and for what it's worth (in regards to the divergent short), I think this sucker is going down to retest yesterday's lows too. Jimmy
Glad you got away with some profit anyway. Just remember you can always sim trade until you get it down. I would advise that. If I were you I would not trade the news right now. Wierd things happen and you can either make or lose a lot very fast. Be careful and don't trade haphazzardly. Good luck... 4re
For Counter-Trend traders this is Heaven For Trend traders, you gotta sit on your hands and stay out, otherwise you'll be cut to ribbons (This last comment is for me more than anyone else , but the point can still be taken)
Bounce, bounce, bounce. So the question is did you make money? If so, great. If not, what did you learn? I like to find a trend and trade it, so the first thing I learned was to make sure that all of my indicators line-up and and to not "force" a trade. The second thing I learned was to change my R:R ratio to accurately reflect the potential of a trend. The third thing I learned was know your system ... today was a great day for the Divergence Traders.
Today was actually a pretty good day. I was out fairly early but the first long at 1265.75 worked 3 times and the second one at 1270.25 worked twice. I olny traded one each but with large positions. Porgie was right when he talks about the ES trands not being there anymore. It is hard to trend trade the ES right now but it makes my method prove right more often. Just you can't get greedy. Every now and then I will go for 3 or 4 points but not often. When I do it is steak night (the good steak)at my house. Have a good night, JJ 4re
Hi, I'm looking into starting to trade futures; sorry, if this is a stupid question, but is there an ask and a bid price when trading eminis, like there is with stocks? Thanks