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    ES mini futures ahead of NFP release

    Yea I had been too long without sleep when I was doing that.
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    ES mini futures ahead of NFP release

    Is my math correct... If ES goes up 1% from where I bought (3345.25), that's a gain of 334.525, which becomes 1338.1 when multiplied by 4 (to account for the 0.25 minimum movement). Each 0.25 movement is $12.50, so that all equals $16,726.25 if it goes up 1%.
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    ES mini futures ahead of NFP release

    This was the problem. I went ahead and jumped the gun. I went long at 3345.25. I want to close it at about 1-1.5 hours after the jobs report at 8:30am EST. I cannot find an option on TradeStation that allows me to sell at this time regardless of market conditions. I cannot guarantee that I...
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    ES mini futures ahead of NFP release

    Ok. But I could test it just by pretending also. I will hereby officially pretend to buy ES at 3am EST on Friday 2/7/20. And when will I officially sell it? I have no idea, which brings me to the first problem with my strategy. No exit plan upon entry.
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    How can you even claim that technicals matter?

    Do you agree that major Fundamental events (major news release, major jobs report surprise, major company earnings surprise, etc.) make all technicals irrelevant in the immediate aftermath? These major Fundamental events are simply greater forces? For example, if they shockingly voted to...
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    How can you even claim that technicals matter?

    So every time it touches the bottom line (I'm guessing that the 90wma), you buy? In this case, what's the point of your other signals? Care to elaborate? I'm still open to back testing if I can find something that's significantly different than last one I tested.
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    ES mini futures ahead of NFP release

    The spread of ES emini is 0.25. 3342 vs 3341.75 (0.007%). The spread on SPY is 333.76 vs 333.71 (0.01%)
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    How can you even claim that technicals matter?

    What do you think it will do today? And what's your prediction based on?
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    ES mini futures ahead of NFP release

    https://www.google.com/amp/s/www.cnbc.com/amp/2019/12/06/stock-market-november-jobs-report-in-focus-on-wall-street.html Here's a recent example of a >1% move based on a jobs report. 1% isn't much in real terms, but when combined with leverage, it can be.
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    ES mini futures ahead of NFP release

    I thought it was both.
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    How can you even claim that technicals matter?

    Are you claiming you could have predicted that using any means?
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    How can you even claim that technicals matter?

    I would refer to my GBP example as "speculating," rather than investing. Investing is buying something that gives off cash while you own it. Business profits, real estate rental income, or even stock dividends.
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    How can you even claim that technicals matter?

    Which is a great reason to me not to have a strategy that relies on watching charts all day. But what keeps drawing me back is the profit potential with all the leverage. For example, I just bet $160,000 fake dollars spread across 16 currency pairs going long on the GBP post-Brexit. It has...
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    How can you even claim that technicals matter?

    But there's also the realities of life versus having to watch charts? I mean... Even if you did want to watch charts all day, couldn't you lose out during 5 minutes you had to do some laundry? Just saying.
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    How can you even claim that technicals matter?

    All day? I spent a total of 5 minutes or so today. While I'm already lying down resting, I might add.
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    How can you even claim that technicals matter?

    Are you sure I'm a dope? I guarantee I make more money than you do. Perhaps I'm smart enough to see that this is too much like gambling to ever risk large quantities of real money on???
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    How can you even claim that technicals matter?

    I definitely don't have time to watch charts all day. Even if I did, I wouldn't want to. What kind of life is that? And never did I even consider meeting someone from this site.
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    How can you even claim that technicals matter?

    Because I have a REAL business that I run. Not staring at charts.
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    ES mini futures ahead of NFP release

    I'm going to test this strategy. I am guessing that the unemployment data and NFP data will be either better than expected, or at expectations. I'm just betting that it won't be drastically worse. So I'll go long the s&p emini future and plan to hold for 1 or a few days. This is all still fake...
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    Random guess on GBP

    Work? I've educated myself about the economy for years. That's why it's still so frustrating that my odds are still no better than a coin toss. Looking more closely, GBP had a run up leading up to Brexit, then fell after. It's not like there's a school you can go to to learn about this.
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