Search results

just curious where or if you covered that great entry? Good work and I hope you did well with it. AllenZ

My thinking is this, I use a pattern recognition strategy that will give 1.5 : 1.0 risk/reward on average. This means that my target is 150% of my ave stop. I use a different stop for different trades but all trades offer about 50-60% win rate on ave, over time. Is this the right...

Funny I always seem to come out ok on days like this. I was +15 today although I started out poorly. What I find is that definitely under trading works well when you are above obvious support and below strong resistance. In todays trade for example we took out yesterdays highs fairly early...

I forgot to mention that when I scalp I will generally reduce my size by about 50% and move back to regular size when taking a core setup. This allows me to scalp for amusement ( and sometimes profit ) during ranges to stay focused and at same time work on my scalping techniques. If I could get...

Guys please take a closer look at his trading statement. His biggest loss on Friday was I think about 2 or 3 points. The way the statement is written you have to look at each line as 1 side of a trade and not a complete trade. He looks like his stops are about 2-3 points max, for scalping that...

To compound numbers on any simple calculator just take the number being compounded ( 19000 ) then add 25% then repeat process. 19000 + 25% = 23750 23750 + 25% = 29687.50 29687 + 25% = 37109.38 ECT and so on But as always when considering compounding all it takes it one down month to...

What I have found from many that try to trade the QQQ is that tier approach is wrong. You must look for things that are not obvious and that may break many fundamental trading rules. To give you a heads up without giving you my personal trading system what I can do is tell what does not work. (...

Your approach to the market seems sounds to me. Realistic goal and intention to not need to make a living off it will absolutely be a benefit in the start. My comments were never meant to disuede you in any way, only to encourage you to be realistic and sound in your approach which you...

All I am saying is every point you make is a point someone else has lost whether through an actual trading loss or from missed profit. Futures are simply a two way market for every winner a loser exists, either true loss or unrealized profit.

IMO they are different entities and are traded differently. The strategies I use to trade the NQ do not work in the ES and for that matter I am yet to meet someone who trades them both well. This is not to say you cant, just to say that i don't know anyone who does. Another question I have...

First of let me dispel one myth. TRADING EMINI'S IS NOT EASY OR UNSTRESSFUL. Trading the NQ or ES is not easy and requires a lot of work. There are many reasons why this is true. 1. Leverage ( as Hitman put it I believe ) is a double edge sword. Increased leverage brings with it...

My trading income is very consitent and over the past 6 months or so I rarely have more than 1 losing day a week. I find the best traders I know have consistent day in and day out gains with the occasional home run day. I am here to tell you the key to being a successful trader is consitency and...

AMEN!!!!! I also do not follow any indicators other than price and volume to find setups. (must admit using stochastic on my 3 min chart for entry and exit only ) I like to keep it simple sticking to chart formations and price breakouts. Allen

Not just for Sundays obvously. LOL

On Sunday afternoon to get emini naz (NQ) I use /NQI2 and for emini S&P (ES) I use /ESI2 . I have no trouble getting quotes on Sunday. These are for Real Tick. Hope it helps. Allen Z

Good question, as I was speaking to another chatroom op recently about this same thing. I have been running a chatroom since Dec 2000 and a couple of thoughts come to mind. First, my trading has suffered slightly since I have started running a chatroom, this could be attributed to the more...

Give me just a little break. I do not post, hype, or describe in the slightest my chatroom. I use this board to offer some help and guidance to those interested in learning to trade and this is the reason I did not post where I was from. Yes I am Allen Zuckerman. (big deal) I am a trader...

"GURU" .........Man do I hate that word. I do appreciate other posts on this thread agreeing and sharing my sentiment. I believe an edge is developed and there is no "one" EDGE that would work for all but that one can find a methodology they can adapt to. I run a small chatroom ( not hyping...

I have been trading for 5 years, everyday for 5 years. Trading is my main source of income and has been since I devoted my full attention to it 5 years ago. I started trading stocks and options and now trade the futures. ( e-mini naz ) I have been trading them for 9 months in addition to trading...

When discussing exit strategy you need to consider reason for entry, reason for stop, and original target for your trade. If you are trailing stops there are several ways to do it. Moving averages on short term charts, price support/resistance, monetary trailing stop, or other market factors. To...