Search results

Gotta be honest, I thought the same thing about the ipad: who would want one, the iphone can do *everything* the ipad can plus it can make phone calls. My wife and youngest child have an ipad, I never use the things, still don't get them, but they sell by the tens of millions each year.

Did not know this. Thanks for all you freely gave on ET. RIP Jack.

What is the difference between retrace type I and T? Both cases are next bar=hh,hl

I will assume you haven't tested any further than where you were a couple months ago. That said, why not try out your "fade the extremes" entries on sim? Doing it on a go-forward basis ensures you cannot impart any hindsight bias. Make yourself trade every occurrence, use an initial stop...

Post your Excel file here

KP, this post came from another journal (gears). Chances are you've seen it, but regardless, its worth another read, and then another if it still doesn't sink in. Don't get so hung up on those micro timeframes you seem to keep gravitating toward, keep the bigger picture in mind...

Define "correction". That 10%-er Oct 2014 didn't count or something?

Props for a very honest reply. Having been both a salaried commercial (energy) trader and also having attempted to trade for a living from home for 2.5 years I can attest to the truthfulness of what you wrote.

what does a portfolio manager do? habitually under-perform the s&p 500 whilst collecting a large paycheck!

You will not be able to trade physical power in any way from home, capital and credit requirements are *enormous*. Oh, and not sure what your end goal is but working on a real time desk doesn't necessarily teach you trading skills that are applicable to transferring to a financial trading role...

Your friend's recommendation to trade hourly is NOT Nymex futures trading. It is real time physical electricity trading usually on a 12 hr rotating shift which will include weekends and holidays. Sometimes they will hire recent college grads but (as in any field) it certainly helps to have an...

Firstly, using a Martingale strategy to milk $$ out of the markets . . . what could possibly go wrong . . . Second, your loss assumptions are faulty unless you are entering using a fixed loss mechanism such as long options. Try it with futures and you are a margin call from account blowup.

Sorry man, not sure what to say that hasn't already been said multiple times so I will go with this: if you *MUST* trade - and apparently you must - please do yourself a huge favor and do it only on sim until you get a) a well defined plan of action developed and b) prove to yourself that you...

KP: I do not understand your incessant fascination with the micro time frames. The 1 minute wasn't 'fast' enough, neither is the 5 sec, now tick charts and DOM? Sheesh, no wonder your head is always spinning. FYI: any line chart I have ever seen on a retail charting platform is close to close only

Big oil doesn't set market prices cuz if they did they sure as hell wouldn't be setting them at $50

First off, it takes a ton of guts to post your failures on this public forum, which you have been willing to do and for that - much respect. Second: we have all gone on tilt as far as refusing to take a stop loss and paid dearly for it, every single one of us who has actually traded anyway...

Huh?

So . . . the new rules test marginal and tomorrow you go on sim, the new rules test well and tomorrow you resume trading live? You are not ready for live trades, please just do it in sim and work some execution discipline into your routine. You will find that to be plenty challenging without...

Wish I could give you 2 thumbs down for this! You clearly still aren't ready to be putting real $$ on the line, the other day you had trades go immediately in your favor and promptly exited without waiting for the 1:1 reward you back tested. Its like you wanted a small win so badly you...

SPY goes ex dividend 12/19 so it currently reflects a pending dividend payout, thus the premium vs SPX. If you do nothing with your ES it will financially settle against the SPX opening range on 12/19. Of course you could roll the ES_Z to ES_H during futures rollover day next Thursday.