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I did not see evidence of a 40xx test today. Just pressure down, but not insane amounts. Also some early buyers of blocks in the afternoon,11:32 & 11:42 PT. If I did one of those 100+ blocks+, I would probably hold for a 40 pt SL. That holder sells, it will cost the ES 6-8 points.

Over trading happens when you are predicting the market. You slip into the delusion of predicting the next trade should be put on*. You can make a Sh!t ton of predictions in a day. A plan will have the exact right amount, by definition. React to the plan signals and put on a trade...

The reverse on fail works too for sure. Right just different tactics! For me too old is 3rd test on a slightly downward slant. BUT if you are doing it here, then it would be, IMO on the second tests after some confirmation. So yeah, seems reasonable. Sorry I did not look too close and...

I by NO MEANS intend to tell you how to trade, nor purport that my trades are better etc. However, I would not take a range trade on that chart because: 1) it is too old 2) In the big picture, if we capitulate now, all those stops in place are going to go off. So they are a serious stop run...

1) No Breakout is not that great a strategy for this market, right? That is so full on bull market stuff:D. 2) Consider using a channel for entries-exits. 3) I used to use the Stop rule: Two lower bars - two points for long. Which would have been 3890 on the first entry, about 3915 on the...

Versus watching 24 hours a day or being able to watch it 24/6. I have done both and frankly I enjoy the Day more because once I am out, I am totally done. Swing with ES is a "Check it all the time" proposition because it moves so much overnight, and opportunities come around at all hours.

Stop = 50-60 per day of expected hold. I would deleverage first and use SPY or MES until you work the bugs out. And you will work them out....:D :fistbump:

Yes, but they will deploy in new areas, like crypto. ES is such an old battleground. Scalping died when the pit died, price range changed, DOM spoofing, the massive drop in volume when everyone ran to FX like the Euro-Dollar. ES is a small place relative to all the other places to trade-deploy...

That is possible. But I am sure those common patterns - PA's that cause newbies to freak out are Algo plays. E.g. the frequent S/R triple tests with the last test a "breakout" past only to reverse. Both the Break Out and the Reverse are high speed, rapid blocks of trades, enough to move 2-3...

That is the AI. My friend is working parallel algos and he is focusing on Meta ML coding. The next level after that is where it will get super interesting.

and mine

Everything. Anyone who wants an advantage, has been using various computer programs for over 50 years now. You live in the world of Digital Overlords. The Viceroys create the architecture for just about everything. Everything in your life that uses a computer, has gone way beyond optimizing...

Maybe. But probably not. The progression is 1) read charts 2) create "indicators" that distill the chart reading. 3) create "algos" that distill the indicators that are reading the charts. Then read the charts, the indicators, and the Algo, and trade. Not all algos are full meal deals. IMO...

Done: + day. Going to stop posting daily results unless it is out of the ordinary +/-. Finding it a creeping distraction. Will continue to follow for entertainment purposes. Cheers Everyone.

Are you implying I was watching too much porn? It was a test run with a new system. At one point it took 5x the intended number of positions. :wtf: Fixed that with a bypass. Not really sure I want to try to reproduce it, as it is a live only scenario :fistbump::thumbsup: Fun situation for...

Done: + 9 (live) Shakedown run for "Trading on Rails" complete.

Done 3 points. Done with this Algo Strat. Moving on next week and breaking free of the self imposed "tyranny of the algo". It was more difficult to trade with it than without it. I'll repurpose it as "trading on rails". i.e. within the bounds of the entries and exit management outer...

Done AM: -8 pts PM: -8 pts Most the longs today were :vomit:.

Done AM: 40 RT for -1334 PM: 16 RT for -1332 No Worries., Still :). Still got more in the tank before lifetime max for strategy

Done: AM: 10 RT for 287 PM 6 RT for 658