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  1. L

    ES Journal - 2016

    No, seriously. I only day trade technically and am currently to busy to pay attention to the macro news. Care to expand?
  2. L

    ES Journal - 2016

    How so?
  3. L

    ES Journal - 2016

    So far, so good. Expecting the Low roughly at 83 and a Close below 88 (but probably not much below). :)
  4. L

    ES Journal - 2016

    THE top? Or just a top? Every day has a top and a bottom. :)
  5. L

    ES Journal - 2016

    Based on the current what, my expectation for today is a slightly negative day with an Open near the High and a Close near the Low. Roughly so. :)
  6. L

    How difficult can be to find me a mentor as systematic trader?

    Finding a snake oil seller who will mentor you shouldn't be very hard (I assume you have a few PMs already by now), but finding a successful trader willing to mentor you ain't likely going to happen. I suggest you start out with Trading Systems & Methods by Perry Kaufman. I have this version...
  7. L

    ES Journal - 2016

    "But you just use it when it works." And you know when it works? :)
  8. L

    ES Journal - 2016

    Have you ever done a study on ES/CL correlation? I've never used that relationship anyway, but I've spotted them decouple enough times that I don't find any value in it (for me, that is).
  9. L

    ES Journal - 2016

    Expecting a little dip here as is happening. 80-82 area. Then a new smaller leg up into the close from there. Expecting a close at the top of the range. There's a small chance we'll make a new high (but not much greater than the current), but most likely it's in for the day. (just for fun)
  10. L

    How do big price moves happen in low volume?

    Surely, if price moves fast and sharp on both low and high volume, isn't that a clue that volume may not be the determining factor after all? In truth, it's about imbalances in the order book at given price levels, no?
  11. L

    Has Day Trading Changed?

    The burden of proof is on you and others who make this claim. Show us with data or charts how markets have changed in recent time and how that change has made it less profitable to day trade than in some other time in history. As far as I can tell, sharp and fast price changes and reversals...
  12. L

    Has Day Trading Changed?

    It seems...? Based on what really? Personal losses? Intuition? Or hard data to suggest that markets are any different today than in some distant past? The markets still offer wide daily ranges and swings. As long as that remains so, day trading is still as profitable as it ever was. If...
  13. L

    Let's talk about futures

    I'll add some information about the guy I quoted as the richest man in Norway. In fact, he may not be the richest man in Norway measured by fortune (although he's pretty high up for sure), but he's been on the top of the income list for the last years. He used to work for a firm as a power...
  14. L

    Let's talk about futures

    Haha. Your post made me laugh. Paraphrasing Jesse Livermore, I think he had a quote to the effect of how successful trading is about buying low and selling high and how you'll spend the next 10 years of your life figuring out how to do just that. There's a lot of truth in that quote, I think...
  15. L

    Let's talk about futures

    Maybe not. My point was that it's very well possible, technically speaking, to be succeeding with a low frequency strategy trading the ES. Regarding trading several markets, I'm only speaking from my own perspective as a day trader and I feel that I have more than enough on my plate by...
  16. L

    Let's talk about futures

    You're only rationalizing your own and others failures to make yourself feel better. Success and in particular long term success (as opposed to a lucky trade or a winning streak) has always been for the few in this business. The ES have been excellent so far this year. Wide daily ranges with...
  17. L

    Let's talk about futures

    I don't know anything about Paul Tudor Jones. What was his loss relative to all his prior wins? What's your data source for this claim? Regardless, I find it to be true for myself when I was a discretionary trader. 'Thinking' you've mastered a market due to a short term winning streak is...
  18. L

    Let's talk about futures

    I don't really care what you think or used to think, but feel free to spread yourself thin over many markets and learn nothing. If markets are constantly evolving and in a state of flux, it certainly only adds to the rationale behind focusing on one single market and learning that market and how...
  19. L

    Let's talk about futures

    @Handle123, Seeing how you're obviously doing huge volume in the ES. In your experience, how many lots is it possible to execute as a day trader without running into trouble so to speak? Obviously, liquidity isn't constant, either with regards to time or price levels, but generally speaking...
  20. L

    Let's talk about futures

    ES, 6E and CL are the ticker symbols of respectively the e-mini S&P 500, EUR/USD futures and Crude Oil futures. All traded at CME.
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