This is an excellent primer on several ways the world has changed from the "one secret pattern" rhetoric and psych nonsense of the vendors. Provides a bit of insight on what we are trying to do here with the "physics of culture" once it's reflected in price it's too late as a tool. <iframe width="560" height="349" src="http://www.youtube.com/embed/TDaFwnOiKVE" frameborder="0" allowfullscreen></iframe>
Is this the time to bitch about my salary? Anyhow, until these last 2 trades the Journal's P/L was about 15 pts in the green with a full position. The previous trade was a 13 pts winner, so that took us up to [getting the calculator] yeah, up to 28 pts profit. This short entry was at 1312, so if my calculator doesn't lie, at 1344 the Journal's mark to market P/L has just officially dipped into red. It took 4 months and about 20 days.... Hey, why am I working at 6 pm? I need a raise!!!!
Tend to agree with you here. I don't think this journal is terrible because of the losing trades it contains, I think it's terrible because the journalist does not seem to know how to lose.
Maybe he meant RTH high? You said earlier that you are only looking for "home runs". When I'm looking for "home runs" I look at the Weekly set-up, not some 15-minute job. I don't even look for "home runs", I look to catch 6-7 points out of every 15-20 point move and I don't look at anything less than on an Hourly basis. You may have a lot of experience in the money management industry, but you sound like the guy who is perpetually re-living his first year of trading year after year. That's not good.
Thanks, Wayne We are holding the shorts here--- getting some relief, expecting profits to conform with analysis. Although poor entry on this one. Surf
Yeah. Only the CME-CBOT and others use it in their website and since the afterhours market was installed decades ago.