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Up and retracing. 126 and 101 look like good areas to buy. No Heat

You willing to pay, because I don't work for free. No Heat

I did not want to trash any threads or journals so decided to start my own and just comment here. Without insulting or being condescending I just cannot fathom this impulse of people refusing to trade in such a simplistic profitable way. Listen people, it's very simple. If the trend is...

Here's a monthly chart of the DOW 30. From a bear perspective it looks like its forming a right shoulder. From a bull perspective it could be a flag, except it would need to annihiliate the shoulder theory for this to be valid. Top to bottom of the pennant we got 61.8 at the right...

Same vehicle is nice except by limiting yourself to one your daily volatility is heavily constricted.

You must be really good to want that kind of leverage, but then again if you are, why you have suck a piker size of 3000 cash ? Ridiculous.

Yes he was / is.

We are approaching the resistance area of the big consolidation, not there yet but getting there. This by no means indicate a top as it can continue but only if the bulls can turn it into solid support. Unfortunately the process, success or failure, is ugly, dangerous times ahead imo...

Does that mean you going to be shorting public companies now or is it your acceptance speech for not knowing how to trade the markets? I love these posts, there is a SELL and SHORT button in your broker somewhere, feel free to use it.

NoDoji, Couple of observations. I only trade one timeframe and I don't countertrend. If the chart has an uptrend I look/build for longs to exit at new highs at an absolute minimum. My only real counter trend trading is if the chart has a range, I'm willing to play contrarian here and...

Well first of all, I trade big timeframes, not small ones, therefore the possibility of me being precise is quite low, so ya, the need to scale in my positions. If I had precision on these big timeframes, geez, I suppose I would be a world class trader like some of the traders here on ET...

I don't have fixed targets per se, only fixed max pain, stop loss. If I'm short and price is approaching support, I wait until I'm wrong or support is broken and then do the same on the next level(s), I understand counter trend traders might give the illusion that support is holding, so I'm...

I don't trail stops, I'm either wrong or I get my targets, no bullshit in the middle as this kills my expectancy. Breakeven trades do not exist in my trading only winners and losses.

Yes but he takes the opposite side on the next trade as far as I recall from his journal posts. However, he is underusing capital a great deal, and this is a problem. For instance, if he loses 5 in a row he loses 5% of his capital, therefore, Im assuming his 70% claim is only on the chunk of...

My pleasure. Yes, precisely, I see heat as opportunity until I realize I'm dead wrong, much like Ammo, then time to take the loss and move on to the next trade. The balance is of course obtained by letting winners run full blast, without this, you don't stand a chance.

JSSMPK, I read your journal. If you ever catch a long consolidation, that does not break out but instead keeps faking both sides my understanding is that you could be in trouble. On top of that, due to your martingalish sizing you are only using a very small portion of your capital...

If you have max pain parameters, it's hard not to make money averaging down in choppy instruments. This of course assumes a great deal of capital. Contrary to ignorant opinions, infinite capital is not required, just enough so that the max pain losses allow you to trade another day...

Funny coming from you. Considering you know your limit entry with plenty of time in advanced and you mostly go for a single point of profit I have no choice but to assume you are physically disabled to require such time to post a one liner.

I rarely get involved in these pesky debates and eventhough I agree with you and Atticus on Schizo's flip flopping science fiction trading I felt I had to interfere when it comes to Ammo. Ammo is actually doing brilliant trading and I will explain why. ES is an extremely whippy instrument...

Volente, I see you are a fan of head and shoulders and its reverse counterpart. In my experience, the textbook horizontal ones are not very accurate. It's more efficient when the formation has inclination, much like the magnificent chart "ES Dreamer" posted. Furthermore, definitely not...