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    crude light marathon

    Hello clmarathon, I have a little time this evening so I am going to help you. Please read everything I have to say with an open mind. Please note that I deal in facts - evaluate each of my statements as such - it is your responsibility to determine the veracity of what I am saying, and who...
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    What chart type? Time, tick or volume

    Thanks for your contributions Andy - probably best not to give away the entire farm though - some of us worked very hard testing some very simple conclusions. Probably in complete safety of course, given the quality of thought on this thread. Notice how it took almost a decade for someone to...
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    How many charts do successful traders use per symbol??

    5 charts per symbol.
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    CL Redux

    How predictable, more final appearances than Cher. I see we're back to talking guru with the textbook stuff: buying breakouts, "impossible to know" what the market will do (but trade it anyway), the why of the movements (uneducated guessing, speculation on news etc). Here is the bottom...
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    Starting with 1 ES contract...

    In and out the ES at market most of the time - the 1/4 is a cost of doing business. 200 will get done at the inside market most of the time during NYSE hours. Even if the spread opened to a half on the last 133, this can be overcome. So I don't consider that the chap who wants to make a million...
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    ES Journal Archive (2011)

    Got out and got back in, called that too. Market closed 1314.50 - but hey, I can't have everything. Hopefully my calls this week have inspired more than conspiracy theorists and naysayers. All of this is possible. Posts by cheese are a good start. No more though, as it is distracting. Have...
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    Starting with 1 ES contract...

    How do you blow up $2k trading one lot on the ES? To lose $2k per contract, you must lose 40 ES points. I don't think anyone here could do that except on purpose. The range for this entire week is only 45 points. Also, why would anyone trade at 20:1 leverage without a very precise methodology...
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    Starting with 1 ES contract...

    If you're going to call me a liar, be specific. Makes it easier to call you on your bs. You on the other hand clearly know all, and we have much to learn from your "simple" approach. Simple minds amused by simple things perhaps? Conflicting signals...that is funny. Very apt. Somebody...
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    ES Journal Archive (2011)

    Please don't selectively quote me to make it look like I'm better than I actually am. You've edited out the part about me being inexperienced, overleveraged, and dropping 30% of my net worth in under a month. None of that was particularly intelligent. I've made a right cock up of several...
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    Starting with 1 ES contract...

    I've never properly traded more than 80 contracts, so I have absolutely no idea how I would react. I've not got myself truly comfortable above 40. This is more to do with my risk management. I think if I had three million in a trading account, I'd have no problem with 200 lots. Of course this is...
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    ES Journal Archive (2011)

    You there Lucias? Forget the highs, take a decent exit ahead of them.
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    YM what is the absolute max liability one can incurr in?

    The Dow going to zero isn't the worst case scenario. It is also farcically unlikely. What is more likely, and a worse case scenario, is the Dow going to 50,000 while you are short. Or higher. He who sells what isn't his'n... Yes...the exchanges, trade publications, various websites, data...
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    Starting with 1 ES contract...

    ...how long would it take to scale up to 333 contracts day trading only? Who here has achieved this? Who believes it is possible? Who would like to achieve this? Who has a reliable methodology coupled with an even temperament? Here is a challenge open to all who can muster the necessary...
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    ES Journal Archive (2011)

    What is this using options instead of futures? Do you realise that this is adding a more difficult third dimension? If you cannot consistently predict direction, you will have a time predicting direction and volatility together. Also, I don't like this using OTM etc - and the venue you are...
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    ES Journal Archive (2011)

    Hold your trade with a sensible stop. Try and keep it open either until end of day, or until you see fast bars - a few points in under five minutes. Aim to take profit 5-10 minutes after it starts to spike. Then close down for the weekend. If you get stopped, call it a week. Go do something you...
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    ES Journal Archive (2011)

    I'll hold my mine and you hold yours and hopefully we can both have a decent day. Does 15-18 get you profitable today / this week? I'm going to try to buy a little more - another 1/4 - at 06 and move the stop on everything to 02.
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    ES Journal Archive (2011)

    I didn't get any...what does that tell you ;)
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    ES Journal Archive (2011)

    1297 will likely hold it if not here. The doomsayers are back shorting it again you see. Given this I would not be surprised to see it bounce from 02-03 and close at new highs on the session. Buying more at 03 if they'll sell me them.
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    ES Journal Archive (2011)

    Holding for rest of day or until stopped out. (1301) Still expecting a close over 1315.
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    ES Journal Archive (2011)

    Plan on reversing 1303.
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