Recent content by Zen Student

Yes, it was wasn't it? Now it makes you wonder whether I have a clue at all! Who knows....

Yes indeed it is quite clear that you are correct. Thank you for this interaction it has been a good learning experience for me. Rather than asking too many questions which have already been answered elsewhere, maybe better results come from a keep it simple stupid (KISS) approach? Trades which...

Out 69 even -3 ticks...European markets close. Back in 67 stop 66.

Hit market when 69.50 printed to get filled. Long at 69.75. STP 67.50. Filled 59 mins = 10.59 EST 09.59 exchange time.

If you're entering a trade near to the close of day, then is it not logical you are basing this on what you expect to happen at the next open? The only reason why you would enter short and hold overnight is if you were expecting a gap down and therefore do not consider you could get your trade...

Okay - as you can see my entry call at 11.37 never moved more than 3 ticks (0.75 pt) adverse to the fill at 75 and has now traded 80 several times. I can do four more of these and it wouldn't take me weeks. There is at least 1 trade on the ES for 3 points or more daily (with a high probability)...

Easy way to test this. How about you give us 5 trading calls with entry, stop, and target. Any liquid futures market of your choice. Limitations is that the move must be called within 3 minutes of the entry signal being generated, and give a "decent" number of points (say >3 on the ES or >15 on...

There's the rub. If you know what is going to happen and how to analyse it correctly, you can indeed place consistently profitable and accurate trades in anticipation of this. What you call "price action" is nothing more than what has happened in the past. This in itself does not give the...

How can you possibly learn to read it without understanding what creates price action and how prices are caused to move? Simple answer for newbies who wish to evaluate claims that price action can be read without any such understanding: ask to see the trading results of those who claim they...

If it were possible to predict on Thursday at the close that ES was biased to go down and Euro was biased to go up then it follows that the breakdown of the correlation was also predictable. If you don't know the answer, how can you speculate on whether it is worth knowing? Yes, one might be...

Will share once I spot something: generally not a good idea. If you spotted a true arb, would you publish it on the Internet or would you get as much as you could done before your counterparties got wise? If you found a temporary correlation or edge, publishing it could cause it to disappear...

Not a dumb question at all. Actually, a very good question. There is an answer, but it is not straightforward and requires understanding many concepts about how the market works. Finding the answer will tell you a lot about the current state of buyers and sellers. Okay, forget the correlation...

Here is my take. The market will not fall below 1360 during this cycle, we will make a low by next Wednesday which leads to new 52 week highs and 1425 within six weeks. A gap down at the NYSE open on Monday is an opportunity to look for buys. If you sell a lower open you will likely be squeezed...

If this is true then you have severely limited your context and will be playing most days as if they are the same when they are not. This is the root of many hit or miss approaches to the market; treating what appears to be similar on the surface as the same condition, when it is not the same...

That shows you don't understand the cycles in either market. Euro was weak and you should not have been buying there...AUD is ready to buy bigger picture but needed another test of the lows and you got caught in a sucker gap. You do not want to be chasing the market and entering at very...