The simple fact is, there is a cultural barrier which some are trying to understand in order to find out where RC is coming from and where he is going with respect to trading and his systems. RC has stated his purpose here and we should give him time to show whether he and his systems can cut mustard. No one is saying to run out and subscribe to his chat-room but allow him to prove himself over a duration of time with his 'supposed' money and trades--because we really can't prove which trades he takes now and which he doesn't. Two words; Outside Audit. This is what i am in the process of doing. It really shuts people up when they can see your R/R and bookings over a 12-60 month period. RC, Thanks for explaining about your stops. I hope you have some trades for us to look over soon being that today there were trades in through the out door and we didn't hear from you.
ok so until RC comes back... go short at 13:30 (25 more minutes) IF ES price is at or below 1198.50 regardless of what the price is... the stop is 2.5 points from the open of the 13:30 candle. should be good for 3 to 5 points. you have to pay 1000 cheez-its to get a fully managed trade though
taking profit now... about 3+ points done for the day... you missed my earlier trade that went long at 11:00 took 4 points there too. if you want to see more subscribe for 1000 cheese sticks... I mean cheez-its!
I doubt we get a leg up this afternoon considering the bank holiday and firm crude bids. If QM held the $60.77 mark we would have had a second exhaustion in a the last 4 trading days but it broke to $60.375 before prices settled around $61.30. RC must be celebrating heroin, i mean columbus day.
not too sure... its early although I am done for the day I would not be surprised to test 1200 from these levels starting at say 3:00 pm est/ just thinking... which can get me in trouble
Yeah. I try not to think too much during the day. You can tell i'm done trading for the day when i ponder such inane movements on a monday, albeit. Even nit-picking about price exhaustion precision in QM....i'm just a squirrel trying to get a few nuts...must remember...lol