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to answer a slew of emails... Total number of contracts turned in that weekly period was 358, which includes ES, TF and CL in combination across several different accounts. I don't show commissions because what I pay, what you pay and what someone else pays is between each of us and our...

Agreed 100%. That describes all of the would-be traders who hope & pray that following some trade-signal room will pave their path to riches without time or effort involved. Those are the 95% who churn thru this profession and lose. that group also includes those who think they can follow...

commissions vary, so I leave that blank rather than fill it in. whatever $ x number of contracts (200+) would be the cost "max time to recover" I assume to be a return to equity peak from any dip below. not a stat I even look at, to be honest :)

Two decent days, two scratch days and one solid day makes for a blended average week. Cut losses short, let winners run. Stop too soon when profitable enough :cool:

ok... out of respect for you and all the others who once made this THE cornerstone thread of ET Done for the week overall except for one modest account. Cumulative results for the week below... two points of educational interest: #1: Practically all profits came from the long side in a...

today's targets are in place... high side or low side objectives should be met today

I was asked why as a sponsor of the event I was not entered myself. In my case, I'm already working ES, TF and CL live trading and that is more than I could handle last week. At times I scaled back to nothing but ES when tapes were really wild. There is no way on earth I could add...

Exactly... everything is scaled down right now. No one is complaining about four - five figure days, but the times of bigger gains easier have not been forgotten.

HFTs don't add volatility... they add violence. The rapid v-turns and counter-direction pops in this period of time make it tough to hit entries and/or hold positions from point A to B. The period of 2001 - 2002 and again from 2007 - early 2009 were much "easier" to trade for catching big...

as I said before.. the survivors HAVE adapted. they adapted by trading smaller size for smaller relative gains from more trades and harder work in the process. that's the process of adaptation inside adverse conditions

The difference in ES now versus years past (I have traded SPX options or ES since late 1999) is the structure of price movement. Before the directional turns or transitions were mostly rounded, cup & handle, 1-2-3 type sequences. That came from thicker open interest, two-way markets and...

** 12:57:45 {austinp1} selling 1186 12:58:19 {austinp1} 1188.00 stop 12:58:32 {austinp1} holding for gap fill or lower 12:59:37 {austinp1} euro-style fomc session there 13:02:01 {austinp1} holding for gold 13:02:05 {austinp1} gap fill in sight 13:02:25 {austinp1} maybe lower if they flash...

blue lines are high-odds price action magnets for ES today. the 1174 zone is a double target... highly probable to print if price rolls over. If short and price is headed lower, I'll be holding for that objective all the way.

It ain't about execution for most of us... that's not the problem. It's all about market disruption. The simple fact that price action is bastardized from the normal rhythms of accumulation & distribution to the order-flow stealing spasms of algos. Make sense? Not getting filled is a...

HFTs are the tail that wag the proverbial futures' dog. HFTs and algos are almost all of the movement in futures markets right now. That's why you see erratic counter-swing spikes and rips in every symbol, why CL will often slip -5 to -10 cents past stops, why TF is trading 3-ticks bid/ask wide...

The only few people who defend HFTs have vested interest in doing so. Objectively speaking, it is not trading... it is vampire leaching from order flow and true open interest. Algos do not create liquidity, they drain true liquidity. To the people who admonish others about adapting...

he is selling the concept of being a guru and likewise marketing his blather as some version of the truth I'll lighten up when you wake up, with all considerable and real respect that I have for you. It's alright to be bored. It's not alright to lie & deceive. Has he ever once made a...

fwiw: that guy knows little about any markets and nothing about trading. He's not turning 50-lot ES @ +1pt targets by any stretch of the imagination. First of all, using his math that would mandate a $5 million account balance. Everyone working $5mil capital in the ES knows a helluva lot...

I wouldn't say HFTs are "killing" the ES... I would say that right now algos have effectively killed the TF for methodical trading. But that's another story. The ES is highly tradable and very inefficient right now... but noisier and more "erratic" i.e. the counter-direction pullbacks are...

Back in 2008, TF trading was huge money... these days it is destroyed. I've had automated stops rejected by NT because the fill and reverse -10 ticks happened so fast, NT couldn't execute automated. Yesterday I filled a TF long and had it slam -3pts against the entry before I could manually...