of course anything is possible but I THINK... 3:00 we will start pushing higher... if we hold here at 1193.00 we should defintly go higher starting at 3:30... let's see what happens! Sad we have to do this... I was looking forward to trading the RC signals for FREE!!!! I was gonna' trade the till I retired!
I would love to agree but there is no buying strength at all, watching the TICK. I went long at 1192.75 on some buying pressure at around 3:00 but quickly got out for +1/2 when the buying pressure started drying up. I would not mind if we could just coast back to 1190 by end of day lol. Phil
I realize that this is the 3rd trading day that RC hasn't posted, but this is still his journal. Best if one of you guys starts an S&P 500 (ES) journal so that all these posts will have a proper "home". Thanks.
Hey Guys, if you go to this URL: http://www.rc-traders.com/chat/chatroom_performance.php you'll see RC's trade blog where he lists his trades (contrary to the blurb on the website, he is currently "Experiencing Consecutive Losing"). Don't get me wrong, I was fascinated by the site when I first found it, I've read a lot of material about RC Trading and I wanted the guy to "win" (why not, it seemed he had paid his dues and come out on top). But to have consistent losing (in this case, the exact same trade in a market that was in distribution) is pretty bad considering the amount of money you want marks uh, traders to spend on your trading methodology. I honestly don't know what the RC Trading method is, and if it is supposed to be a system with a hidden "edge" that gives you 70-80% winners, by the looks of it, neither does this guy. You'd be much better off studying and using any one of a dozen Moving Average Cross-overs (info on the web for free), or Woodie's CCI (info on the web for free) or a classical western indicator (DMI is one of my personal favorites, can find out about it on the web for free). Using any of the above combined with some basic technical analysis and decent money moneymanagement you'll do equally well if not better than a system that gives you a 7.00 ES pt Stop (that's MUDER on a small - $2,000 per emini - account) AND loses twice on virtually the same setup two days in a row (10/4/05 and 10/5/05 to be exact). BTW, his website has 10/4/05 and 10/4/05 on what are obviously two different trades-just look at the Highs. I mean this guy is just sloppy and lazy. I hate to say it, but this is obviously a system being sold by a "Guru" who, while trying to make big money by intraday-trading discovered that the best way for him to make money was to fleece gullible newbie traders of theirs!!@#@!! Best Regards and Best of Luck, Jimmy :eek: :eek: :eek: :eek:
ooh I got a trade!!! ooh I got a trade!!! crap can't tell you cause I didn't pay ET $1500 for the month to advertise.... I feel like a crab... just when I was gonna' get out of the bucket... the ET staff brings pulls me back in
optioncoach, you called it... looks like its drifting! by the way, could you explain how you read TICK? I understand the general stuff but... I moves so rapidly from on dxn to the other. how do you read it through an indicator. Another issue which if you care to clarify... TICK seems to get out of whack buy reads the last 15 minutes maybe 30 minutes of the day as everyone settles... do you just ignore that?
He seems nice enough....but anyone who pays this guy for his trading calls deserves to be parted from their money...I went back and looked at his last thread and it was painful..loss,loss,loss,loss....followed by....a loss......there is no way in hell that over a long period he is producing 70-80 percent winners....his method/money management is basically no better than someone who has never traded before.....like I said...nice enough guy....but thats about it...
E-mini S&P500 Futures DayTrading Oct 11 Small win in Oct, 2 loss and 1 win. but finaly, I will win. ha,ha,ha RC Traders Chat Room http://www.rc-traders.com
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