True trading

Discussion in 'Journals' started by joe4422, Oct 4, 2010.

  1. gkadir

    gkadir

    AWESOME you D man! pls keep it up!
     
    #11     Oct 4, 2010
  2. joe4422

    joe4422


    Thanks. It depends on how early you get in the queue. By making the call long before time, and letting your limit order sit there, you'll get filled without price having to move through your entry at all. When you trade the ES with 1 point stops, every tick matters. In the time that your order sits there, others will move their orders around, which bumps you up even further in the line.
     
    #12     Oct 4, 2010
  3. joe4422

    joe4422

    Selling ES 1149.50, stop loss 1 point, target 1133.
     
    #13     Oct 5, 2010
  4. afto

    afto

    Not today sunshine but if you keep up an RR of over 12:1 than you can afford to carry a bucketload of tiny losses in exchange for a nice fat winner.
    JMO
     
    #14     Oct 5, 2010
  5. Not today sunshine???

    Yup, well you step up to the plate then. Your attitude is garbage.

    That's the point idiot. Tiny R:R with an edge.

    Nice job Joe4422.
     
    #15     Oct 5, 2010
  6. joe4422

    joe4422

    Stopped out with a 1 point loss today. :(
     
    #16     Oct 5, 2010
  7. NoDoji

    NoDoji

    Joe, I'm curious why you chose a price and direction in advance of the ISM report. After the news, there was a tightly-contained range between 10:05 and 10:20am ET where you could choose to enter in the direction of the breakout.
     
    #17     Oct 5, 2010
  8. joe4422

    joe4422

    I look for areas based on liquidity data bank, and try my up most to ignore all news.
     
    #18     Oct 5, 2010
  9. don't believe there is anyway to pick a turn 20+ away to within a single point :confused:
     
    #19     Oct 5, 2010
  10. achilles28

    achilles28

    The only way to make bank quick is highly accurate entries = market timing.

    Yes, it can be done.
     
    #20     Oct 5, 2010