JJ, you are thick beyond belief, so is your proprietary system, since you couldn't donate a dime of knowledge from it to this Pivot Educational crap that you are flaunting. You did have the balls before, on S/R, to call live trades, it was mostly useless bollocks as far as I can remember. No wonder you feed of the likes of others, like Bill, who is the real thing.
It's OK folks. This is what happens when you go on a losing jag. You blame others for your own shortcomings, and when they try to patiently explain what you are doing wrong, you insist they are wrong and redicule them ... I knew the (trading) value of Rennicks Ball Call, aside from the extraordinary humor the call brings to the table, and complimented him on it. "Master Trader" (not my name for'em) romik, comes on here univited, trash talks my post, and then requires the knowledge to be broken down and explained to him ... and he calls me dense. *** So once again, the fool has provided us with yet another lesson. That is always take responsibility for your own trading, period. I am sure he will be by to give us some more lessons. Best Regards, Jimmy
JJ, you are nice funny guy, but trust me, people laugh behind your back and you just can't see it. I, and caddy, are the only ones that tell you in the face that you are a wuss (IMHO). You hide behind some experimental system not to expose the naked truth about your personal inability to come up with quality real-time trades. You couldn't even accept Austin's call, you backed off apologising to him, maybe I should challenge you as well to shut you up? Have some guts to admit that you are wrong when you are staring at facts and keep shouting the opposite. I can post links in this thread to all the posts related to my "stupid" "puke" trade and let the others draw their own conclusions. I made this thread especially for you old chap, just to shut you up. But the likes of you will ALWAYS try and get out of facing the truth in one way or the other. BE A MAN AND SHOW SOME BACKBONE! http://www.elitetrader.com/vb/showthread.php?s=&threadid=77297
This is what happens when you spend too much time blogging on ET instead of reviewing your trades and studying the past week's performance. Lesson: Review all of your trades for the week, seeing what you did wrong, and trying to determine what, if anything, can be done to improve your trading. In romik's case, there probably isn't too much that can be done for 'em.
What, on a Friday night? You gotta be kidding! All I see is profit this week (OVERALL), what's there to review? You reviewed enough on my behalf. I know it's BAD BAD BAD BAD BAD BAD BAD to average down now, according to you. I notice you do a lot of reviewing...but of course, when results are not too great, one has to review, take it back to the drawing board, change, alter, etc. As I said, hope you find what you are looking for Eddie.
Whereas previously I had been modeling the ES (large-cap index) and NQ (nasdaq index) contracts for trading, further analysis shows that the ER series (small-cap index) trends to move in lock-step with the other indices, as do all of the major indices, provideing substantial more volatility than the ES. Chart Comparsion http://stockcharts.com/webcgi/perf.html?$SPX,$NDX,$INDU,$RUT Contract Specifications http://www.cme.com/trading/prd/contract_list_ER713.html The indice also provides 2.0x the return of the ES and 2.5x the return of the NQ, and while the multiple also applies to the downside, if you analyze the ranges of the indice and stay out of the chop it can be traded. Best Regards, Jimmy Jam
Now, following along the lines of trading completely non-correlated markets to achieve optimum diversification of your trading portfolio, you would idealy trade: 1 Financial Futures 2 Interest Rate Futures 3 Energy and/or Metals Futures http://stockcharts.com/charts/performance/Intermarket.html Best Regards, Jimmy Jam
Now, what, if anything does this have to trading pivots? Very simple, by applying the above listed information using the same method (whether it be trading of floor pivots, or any other method) consistently, you will achieve diversification, maximize gains, while simultaneously limiting your risk to downside exposure, and being able to utilize the same performance bond to make trading decisions across multiple markets, provided the opportunities to trade present themselves. The following charts showing the performance of ZN, ES and QM illustrate this pricinple perfectly. Best Regards, Jimmy Jam