Thanks. That was one of them. What about the other one. What was your reason for exiting at 1204.50? That was only a .75 pullback from the low. How did you know that was the bottom? You can get your exact time off your account. Fraction of a minute can make a lot of difference.
Posting entry or exit is useless unless you post at 12.29: sold at 1208.5 and at 01.36 bought at 1204.50. 1204.50 was the lowest point at the 1 minute charts of the whole day. Suspicious or at least a "lucky shot".
If anyone wants to know what being on the wrong side of a trend feels like, try scrolling through 58 pages of this thread desperately wanting it to end but unwilling to pull the plug because there just might be a nugget here. I have distilled one rule to guide me in the future. After Oldtrader has made one of his typically insightful posts, there usually is not a lot of meat left on the bone.
Exactly. This is what I'm suggesting for him to start doing. I wasn't clear in my first post. Thanks.
all my calls are before the fact. although, calling the market is not my business. i post my trades, since it helps me focus and stick to my system.
i believe i have an idea why the good member has trouble trading with the trend. the reason is that in most markets, the trends are illusory. wills of the wisps that existed in the past, designed to lure you into losing big by following it with the big money after making with the small. However, in other markets the reason that the good member has trouble making money with the trend is that there are no trends in it.. the difference between the two markets can be ascertained by use of such things as the serial correaltion coefficient. which for example for the equity index markets for almost all relevant periods and differencing intervals shows such correrelations in the range of -0.03 to -0.12 . as this is my first post, let me say i am most impressed with some of the insites on this list which i saw in the course of trying to find out an exact definition for the roll date. i am a humble speculator who likes to count to gain a rudder for my trades. and my handle is in honor of the great professional turf man, robert bacon, who found like one or your insiteful members that just because you make money in baktesting some system, you can't do it in practice... the tie in between turf handicapping and markets.... profturf.