Well well, you are sure I am Romik and now you tell it is impossible to prove it. How did you know then what you insinuated? So again an insinuation without any proof at all, like always. I never told I took all these moves, the point was that apparently trends don't exist intraday. I showed this was wrong. So again an insinuation without any proof at all, like always. But now that you ask what I did. Here are my trades, way beyond 50 points. Sorry that I hurt your ego. LOL And now on ignore together with your friend. This circus should not spoil ET any further. Unless you will start again with one of your long list of aliases...
The only way to show your trades is like this! I am a small trader, small risk, small reward, but as I like it, as it does not really interfere with my gardening I might take up daytrading the open at some future date, but for now, trading the ES during the day, when doing other things, and sitting down for the last hour or so, is going OK. First screen shot was Friday with one opened on Thu. Second screenshot is for the week. No losers this week, guess I was lucky J_S
But if you were planning on it, it be cause of your Trading plan to do so? I have special journal for dumb trades I thought or felt I should take, I write them down but don't take them as they not in my Trading Plan, and these "special" thought trades have 95% losing most of the time. If they were any good, the back testing would have said so.
You are so right. Unless you are really good, 4 tick stop is like incredible tight unless you using trendline bounces or have determined cyclic timing of breakdown of pivots, I use mental 12 tick catastrophic stops, don't want to cause my own slippage. I wish I was able to stay in trades for 12 points in ES trading one minute timeframe, but I am not really trading trend too much, trading more noise than anything, but even noise has patterns. I have an automated 60 minute system that tracks over 40 futures and that goes for homerun swing trades, all based on chart patterns, pattern failures, trendlines, just normal chart reading. I really love the failures better than the norm, cause I am no where close to being "normal". LOL You stay in a cave for years back testing sticks, what you expect?
I traded with a guy who is the best I have ever seen at reading the market - he really knows what he is doing. I have never met anyone else who can do what he does, nor probably ever will. When trading the ES, he uses a 10 point stop! J_S
A planned scale in would be as follows, a few of which I done recently, all winners, no losers. Only scale in, of course, if price falls after entry - if price rises then take profit. Buy 100 VXX @ xx.xx start Buy 100 VXX @ xx.xx lower Buy 100 VXX @ xx.xx lower Sell 300 VXX @ xx.xx start + .xx Also done same on XIV. Once I make $200 to $300 I am out, don't give a damn what it does after that! J_S
I use Time Stops, so there are times when price gets down to minus 5, so that puts me into 5 total full positions, and the trade has so much time to get beyond plus one tick of original signal, at end of Time stop, I use mental stop of plus one tick if profitable or new target is plus one tick, always based on original entry. I can have option of going for plus two ticks if Dome looks like it will go higher, but I don't go beyond the plus two ticks. I lost caring about where market goes after I am out or through for the day and most of the time I have no idea how even the day went till evening. I been averaging down over three years, I have reduced number of levels from minus 8 to minus 5, not because more levels cause more pain but I time it takes to recover is much less and cause increase of size, same equity levels. I have also reduced time of trading from 75 minutes to 60 minutes of day session. Those other 15 minutes just wasn't worth the risk. I would really like to be able to reduce another fifteen minutes, but too often good trades come in these last fifteen minutes. So I use minus 1, 2, 3 and 5 for adding.
When you plot a ES 500 vol chart, You can see tiny square forming. Usually they are truly good S/R. Hence you can risk 3-4 ticks. If you catch the break out.
Before my last break from trading, which was for bout 4 years ago, I was all about 500 to 2K per day, and, all I will say now is fuck that shite What I am doing now, is targeting between 100 to 200 a day, for bout 1-2 hours work max, sometimes will make more, sometimes less, sometimes a small loss, but anything over 500 at the end of every week is OK for me. I might sit down for the open sometime, but as of now it does not bother me. ES options were catching me out, making a bit but losing most back when trading current week options, so I have dropped ES options completely and now just trading ES, nothing else at the moment, not even VXX or XIV. Have not had one loser on ES in last few weeks, but I know that will not last, and I would actually prefer to be losing a small bit, believe it or not, as I know how it works - being there and done that. The multi monitor setup in garage will help, as I find 2 screens are not enough, and I don't like switching between tabs when a trade might only last less than 30 sec to 2 min at times. I have found recently that the trend really is your friend, but you must look for him the right way, as it can be hard to see him at times, especially when your mind is wandering and thinking bout stupid things that have no relation to price movements, what so ever! J_S
I would love to turn those 95% losers into a "reversed" setup method for 95% winners..but as mutual veterans of the markets, you know and I know that isn't as easy as it sounds. I definitely would try to figure something out..kinda an obsession of mine..or maybe I'm just hard headed!