sorry, lost you in the way i explained it --- if i am 200 lots short and the market has a "responsive" buying breakout through a major market profile level, then i would immediately flatten the position and maybe go with 100 to 150 lots long {depends how strong the buying is} --- this way i have the ability to add extra positions if price pulls back a bit {to get all the way back to 200 lots if needed}. most of the time though when one of these s/r levels break you get a pretty nice run --- so i would then just manage what i have to try and get me to breakeven from the loss total at the breakout reversal.
oh well, i tried to give the guy a way out of his negativity but so far no reply. and yes it did seem "highly probable" to me that he was not all that mature {in mind or age or both}. actually you should not knock his trading today --- he may have been trading a market in some other "dimension"!
ok --- i just added 1/4 back to the position at 1273.50 to 1274.00 and i will hold all these so that the position is back at full size.
ok --- i just covered 1/8th of my positions at 1264.00 {this is a "replacement" cover for shorts held from my previous 1271.00 cost basis}. I am holding my 63.50's and 64.00's from earlier today and i am replacing some of my previous 1271.00 cost basis positions for +7.00 points of profit for the 1/8th.
yes the rally today with an absence of new "responsive" buying above the 1273 level gave me a real good looking technical day going into tomorrow --- plus foreign money came out of our market today in the later portion of the trade day {at times this has signaled sell-off periods} so i will watch for follow through of this tomorrow.
After 30 days Even a coin flipper is bound to get a down day out of two choices. I'll be short as well tomorrow at the exact time without order replacing hahaha. While you have been here thumbing around for the past 4 weeks like some newbie in denial. (which you are in price action) Don't pat yourself in the back if we go down tomorrow, don't give yourself false hope you are advancing in trading LOLOL!
coolweb... either you have got to be the biggest schmuck... or you are missing the entire boat on what Macro is doing. Imagine being able to be within 1 point of each major turning point of the market... if you can do that as consistently and very minimal drawdown than hats off to you... IF you are willing to share the method If not than there is really no point in adding useless commentary that proves no point.
I can provide commentary all day all night just like what you are doing providing commentary to my commentary. and I will share some specifics in how I trade : Here it is: <h2>"GET A BRAIN AND USE IT."</h2> Pretty useful isn't it.
order replacing??? heck i have made more points with this swing trade in the ES the last three weeks waiting for a reversal then you can make with all of your trading. and why are you waiting until tomorrow to be short??? was a third failure to breakout above 1273 not good enough for you??? maybe if you learn to pay attention in life and educate yourself to new ideas/methods, you may have a chance to get above one lot trades --- see the saddest part for you is, i have read some of your other posts where you are fighting with others {i read about how fun for you is trying to get others mad from your flaming} and i almost feel sorry for you {almost that is --- LOL!!! }. this is a trading forum where traders talk about trading methods/systems or the economy, and what i see is you spend most of your time in arguments {what are you so angry about ---- what failures do you have that are driving you into obsessive personal attacks??? :eek: }. if your trading is not successful then spend your time learning something that will advance your trading capabilities --- when you waste your time here making childish posts then all you are doing is maintaining your "state of incompetence". you have to ask yourself everyday in life ---- what did i learn today and what have i done to advance my trading going forward. you seem to be stuck in the "damnit i can't figure this shit out and it is making me go f%$ing nuts, and to hell with all the rest of you" mode. now if you are smart you will realize this and let go of your self-imprisonment to ego and pride --- once you do this you will have a chance to go forward with an open and willing mind, that needs a lot of education to "ladder" yourself from the deep shit hole you are sitting in. you were offered a rope earlier as a way out, now pal you are on your own! :eek: