Thanks. me too. I appreciate your points of view its that kind of dialogue that makes ET great!!! p.s. still no breakout/breakdown yet we will see what 2:30-3pm EST brings us? I'll probably sit this one out until tommorow. Ohhhhhh, but I'll be watching!
Well, I can see this is not a day trade system for the working man. I am concluding that the ES or any instrument is NOT appropriate to trade using a walk away mentality. That is to say that entering in positions after work and in the evenings then exiting during MOC or if stop or target is hit, is not very smart. Walking away from a leveraged trade, such as the ES, simply is dangerous. I am a intraday trader/scalper....that recently had to return to his day job out of responsibility to his company. My love is trading and I want to stay in the game. I consider myself well capitalized and have several years experience. My problem is to learn position trading in the ES. I find the Stops and Targets rather large compared to what I am accustomed to. I feel I need a system to help me in the beginning. T-Rex, this really is not what I was looking for. But thank you for sharing. Well back to work...... Michael B.
It would appear that our original outlook was correct. Currently the ES is experiencing much technical difficulty taking out that 1033.00 Resistance level. Couple that with the fact that ADX (14 day) is still "RangeBound" and that spells disaster for this mkt. MACD (10,40,10 A little disclosure on the smoothing consanants used on indicator) is still "LONG" its technical position but "on the sidelines" until a new signal is generated. Sidenote: Price not yet into second band @ +2 sigma. Not "TRUE" sell signal yet. Should have bought Fridays dip in HINDSIGHT as the mkt could test the 1040 -1052 level by weeks end. Probably unlikely though. A good shot of unexpected volatility would be a great RVSL (Reversal) pattern signal though. "i am one of the best traders on ET. what's funny is that so many people here strongly believe this is not the case." GG you know I couldnt resist using the quote DUDE! Your hindsight comments are welcome GG and all those interested.
93% rate out of how many trades? Anyways T-REX, you've been caught. Something is way off. This journal is for cheap entertainment purposes only until you straighten up your act. P.S. This guy is prolly the nicest ET psychopath I've seen P.P.S. Hey GG, you making money yet? Me? DOnt askkk L**
That a very good question: (this is programmed on t-rex hotkey. I think this thread needs to end. Michael B.
You guys are tougher on me than the markets!!!!!! You guys are all ready to quit after only 4 trades!!!!! No wonder 95% (there goes that % again) of traders lose you guys have absolutely NO STAYING POWER!! So lets say I win the next 10 trades in a row what then? Let me guess you'll say SEE I new he would do it!!! Or lets say on the next trade I ride it for 50 pts! I'd be up either way you slice it!! It's not necessarily how many trades you win but how much you win/lose. Although I strive for accuracy!!!
High my name is T-Rex. I am great. I make trades.....but in hindsite I can change. I will prove it. This is part of my methodology, but I would like to keep it open-ended as my brilliance and experience needs to be revealed sloooowly. I will give you the pearls of my experience as the market and price action reveals the way to go....this is unique, because I say so. By the way, win rate and avg win loss ratio and P/L ratio is only meaningfull to loser backtesters. I really trade, and prove it here in this arena....hey wheres your journal...I da man.... t-rex This was a re-inactment of what this is really about in my humble opinion.....by the way send money Michael B.
Send me a few grand so I can have some more STAYING POWER? Seriously man...I usually don't criticize since it takes time and effort to even put up a Journal (I haven't been able to do this yet), but this is getting pretty bad. How about you come forth and tell us what the real deal is? Is this funny to you? Are you paper-trading? What's the real win rate? Perhaps you meant, 9.3%? -FastTrader
O.K. T-REX so you stumbled out of the gate here at E.T., I'm still betting on ya as a strong closer, and we'll find you in the money at the end of the race. If not, then it's off to the glue factory for you.