Search results

  1. Picaso

    ES Journal Archive (2011)

    = 1152.50 = +4.50 200 initial risk 16.50 MAE 8 open risk +4.50 target stop not moved when 2 ticks away from target ... I just don't follow... I thought it was a tongue-in-cheek trade :confused: :(
  2. Picaso

    Loser du jour (Is losing money easy?)

    Just enter randomly with no target yet with a GTC tight stop To guarantee that a killer winner does not put you back into green enter opposite orders in related markets (ES - NQ, etc.)
  3. Picaso

    Get rid of all taxpayer services, 100% capitalism.

    Ever heard of herd immunity? Even with the best health care you and your family would die way younger. Wait... you'd say it'd be a self-correcting society!!! :D
  4. Picaso

    ES Journal Archive (2011)

    But are you being serious??? Real trade??? :confused:
  5. Picaso

    ES Journal Archive (2011)

    Crossover in volume TICK negative and trending down NQ in the red
  6. Picaso

    ES Journal Archive (2011)

    Nothing too crazy so far
  7. Picaso

    ES Journal Archive (2011)

    Actually that's a very good point. But don't forget the mojitos :D :p
  8. Picaso

    ES Journal Archive (2011)

    The top and bottom of the "chop" range. Right now between 58-ish and 63-ish. I.e. you'd be buying right now via a stop (stronger confirmation, but wider stop) or on a pullback to 57-58 that cannot break down (or on the first close above the 20 5' EMA after one hour, blah, blah, blah...)...
  9. Picaso

    CL Redux

    I don't see a gap at 8:22 in my chart. Do you have a chart? (Intraday gaps happen because most traders/bots pull their orders from the book at the same time - usually before a news release, etc.)
  10. Picaso

    ES Journal Archive (2011)

    Risky it is. But it depends on many things, key among them your (capital) staying power. Witness thereof that 20 up-and-down move. Also, Volente dixit: market goes up before employment report and goes down afterwards. So we'll see. Vol may be wrong, but he's no rookie.
  11. Picaso

    ES Journal Archive (2011)

    First wait for the gap fill (check) Then wait for the chop (in progress) Then wait for confirmation and enter with a buy stop above the chop zone or on a pullback to the bottom of the range with a tight stop-loss (we'll see when/if we get there) All contingent on price action Always...
  12. Picaso

    Steve Jobs just died

    and
  13. Picaso

    Steve Jobs just died

    RIP
  14. Picaso

    ES Journal Archive (2011)

    10 x 5 = 50 5 x 10 = 50 2 x 25 = 50 1 x 50 = 50 ... You will always miss some trades, if you're counting on THE trade and you miss it, then what? A smoother equity curve, not only means you will live longer, it also means it will be easier to add size and to compound gains...
  15. Picaso

    ES Journal Archive (2011)

    Get a free demo account at ToS - great for backup and longer term charts.
  16. Picaso

    ES Journal Archive (2011)

    Or of course, 41 could be the ultimate bull trap :D :p We need EMG to settle this... Seriously, where is he?
  17. Picaso

    ES Journal Archive (2011)

    Let's see what the TICK does in the next hour or so
  18. Picaso

    ES Journal Archive (2011)

    Last time Vol posted his average, I think it was around 36. We got down to 30. Vol, like Ammo, trades around his position and as far as I know he could be completely out - not saying he is. --- IMHO we can go down to 43-44 and still look upwards
  19. Picaso

    ES Journal Archive (2011)

    Are you sure, Vol? It still looks up to me. What are you looking at? :confused: --- And where the hell is EMG? Why has Thou forsaken us? :D :p
  20. Picaso

    ES Journal Archive (2011)

    Sorry for the late reply, LF, but my back is killing me (took a break). Like with everything else, you have to look at any volume reading as what it is at that specific moment. It can of course change in the blink of an eye. However, big differences tend to indicate continuation. Same...
Back
Top