Out of final quarter with +2.00. Not a big trade, as I made an average of 1.50 points per contract, while losing .75 per contract by being impatient on the first trade. I do like JJ's set-ups and do think they have validity in the correct market context.
No no, we are cool. I would say S2 won't hold, just an opinion based on continuation of today's trend.
It looks like another continuation sell signal, except I don't like the risk/reward as we are right on top of the S2. I'm going to stand aside on this one.
snakeoil? i'm not selling anything. it was murray rugerirro (or whatever his name is) who made the pitch, and i responded by sending a complaint to Magna, the Journal Forum Moderator. bogus? if sharing information on modeling the market, and using a process of iteration to constantly improve on trading technique is bogus, OK, if you say so. Later, JJ
look man, jj who i assume must be a soul brother, said strong all day, then when i checked with the market down 70 hes now a bear. how's a cat supposed to trade on all that flip floppin pivot reading snake oil bs. just my fiddy cent
While S2 is holding with the consolidation pattern, the CCI 50 Histogram has not crossed the Zero Line and it's after 3:30pm ET, so I won't be entering anymore trades on the thread (you must always be aware of the time limit in intra-day trading, as a general rule, never enter trades where it can work against you). *** The Day in review Hmmm, let's see. After pretty much getting flamed by my friend (who's your friend?) and getting the hard sell from Murray Rugerrio, and a few more insults it is apparent that my altruism is falling on at least a few deaf ears. So I will restate the intentions of the thread. They are to develop a method, for free, for the public, through a sharing of knowledge and experience in trading the of off the Pivots. This is designed to be an educational forum, I'm not here to flame, I'm not here to sell, I'm not here for EGO. To assist in this process I've shared information in the format of an excel model and general written guidelines for Trading the Pivots. I am also working on developing a charting methodology which will give a consistent determination of current market trend and can be used for entering trades. These calls are for the public thread only, I do not trade off of them. They are also for free. I do not use this method in my own proprietary trading model, I don't find making public calls based on my model to be necessary, I get enough from the trades themselves ... I've never shared that information in this (or any other) public forum, and certainly after today's (and other) experience(s) I never will. On that note, while I've certainly put a lot of effort into the thread (and believe me, I've gotten A LOT out of it) henceforth my calls will always be secondary to my own trading. MyMini Trading was absolutely right when he said doing a thread would be a difficult endeavor, he was also correct when he said "you're going to get a lot of out of it". Best Regards, Jimmy Jam,