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I agree with the theory that globex low broken so we might go lower.....however most of the big money is made by buying when there is blood on street (not saying there is blood on street today, however market is very oversold). This approach works however if you are willing to hold for a longer...

seems like this will be a good trade, your target should be at least 1220.

They have moved away from ideal system, earlier used to be +1 spread above idealpro, but now it is all random....getting filled 10 pips off market now when you are trading below idealpro size is to be expected now. Happened to me 2 months back and i got above answer from ib. However, it happens...

For all the guys who hold overnights or weekends with large stops, one black swan event for next month or two is Israel attacking Iran. Be careful with longs held overnight, or selling puts.

The heart of the problem is I need someone to remind me that I should not be trading ES live till I have done some backtesting on it and I am sufficiently capitalized (read 8k-10k for 1 contract). Even someone reminding me would work imo, - since it would make me feel guilty. I am a good guy -...

Yes, exactly that was the plan, as I figured out that this will act as a good control system on me. However the truth is I never asked my family to do this, but now I think I should. Research has shown that it takes 21 days of consistent and daily practice to acquire any habit. In all the things...

LF - somedays its sim, somedays its live. I cannot tell you how much I want to do sim trading, but time and again, I end up doing live trading on ES. Live trading ES has been causing me consistent losses for many weeks - primarily because my account size is too small for ES. Today was live...

I closed my long from 92 at 95.75...it might go much higher, but i also don't have a great sitting appetite. Moreover, I can't hold overnight due to account size, so in some sense i am forced to close. Since I entered at such a late stage, my stop was at 1184 (8 point stop) with target around...

Hold on till how long :)

very good logic on stops.....backtesting will show you that your net profitability will increase if you have 2-3 point stops compared to super-tight stop like 1 point or so. Above statement is especially true if you are willing to increase the holding period of your trade from 5 or 15 minutes to...

If you noticed carefully, Euro was very strong for last 3 days compared to other dollar pairs and ES, I was very uncomfortable trading Euro from the short side for last 3 days. Seems to me that we are going to 1.37 at a minimum or even 1.38, within next 2-4 days.

Hello, few days back I was about to make a very similar comparision sharing what I have learned through backtesting. Why don't you start by stating the obvious and not so obvious things that you know-of, and then I will write about the things that I discovered.

yes why not....as i see it, lets say price goes to 1185 and it retraces, you had entered at 1182, you lose 3 unbooked points, but as it seems to me price might go to 1195-1205 so you are looking for 15-25 point runner. If I am wrong, then yes you lose the opportunity to book potentially 3...

not saying that we dont go down again, but to me it definitely seems like a possibility that LOD is done. let us see...i hope i am not wrong.

Josh, assuming you got on the trade, please hold it at least till 1195 or maybe all the way till 1210-20ish. I don't think we are going so low again in next 1-2-3 days.

I have been profitable on <50% of trading days. I have been very impressed with the consistency of Lescor and also good equity curve of RoI journal. I thought those guys have so much consistent equity curve because they are trading multiple strategies over more than 10 stocks every day. Since...

Update for week 16 ending Nov 18, 2011 : +600$ for the week. No trades on Monday due to internet issues. Traded ES again and lost 500$. So, had I not traded ES, I would have been up 1100$ for the week!! I promise myself once again, that I will not trade ES unless I have at least 10k USD in...

started: (2009 part-time, 2011 full time) tuition: around $70,000 Current State: I consider myself profitable now, but still have to work on consistency (probably can make money 9 months out of 12). Psychological State: My biggest issues - Indiscipline, inability to sit on hands and do...

Have a nice weekend everyone! See you on Monday.

DOM skew +4k positive...is LOD in ??