... this from a guy who has figured out a method for intra-day trading that probably no one else can crack ...
nkhoi just hit the trades also......it is not that difficult to find higher probability trade set-ups with the right tools imo. Come on JJ you are a smart guy! Come on 1309's......bust!
Yes, it is probably THE number problem I see most traders having. They see 400 indicators on their software package and can't believe that you can and probably will make a lot more money by using only a couple of the simple ones. Trading is completely the opposite of other "real world" jobs. You can have a batting average of 25% and make a lot of money. Try applying for a job and asking them if it's "okay" to be 75% wrong in your analysis and decision making. Dumb is good...no opinions are good. I think the market will "blah blah blah" is meaningless and detrimental to making money.
Yes, and for me seeing/watching/and learning the "delta" was an eye opener.....really made a big difference (and of course learning "auction market theory" or market profile). Keep selling!
actually i was refering to that bond trading model (the one you used the e-min spooz to hone and develop). p.s. did you see that mover this morning! sweet, and smooth as cafe au lait! later jj
OH....got it know (I am very slow at times). I love the bond and that $31.25 per tick/per contract! The "Phalanx" chews up the ZB!
Nah, I covered at the Pivot for another B/E trade. Oh well. Truth be known, it's trading multiple markets and money management that allows the winners to win (but nobody really talks about that stuff in a stragith forward fashion), it has to be such a secret. Best Regards, JJ edit: these trades are certainly worth 2 pts, I just want more.
I rarely go for more than 2 ES pts on any of my discretionary trades.....usually have 2/3'rds off at 1 pt and the last 1/3'rd off at 2 pts . The ES just has too much congestive trading periods to try for more imo. If I go for more than 2 pts it is mostly just a few runners on to see if I can catch a reversal point in the day, or I am in a swing trade. Small consistant hits are more probable imo and better on the psychology (unless you are into "self-abuse" :eek: ). OK....which one of you missed filling my runners at 1309.00!!!