Search results

Here's a real example for you, Pek... I have a stalker who has sent me literally hundreds of emails about all sorts of drivel that pertains to me and trading. He claims to be a fund-of-fund manager with $100 million under management. The kicker is, he claims to be a long-time ET member...

sure. just random, out-of-the-blue questions that don't pertain to trading... "just because" long story short: no matter where the static IP address is, regardless how many hoops a proxy jumped thru to get there, it can be tracked and pinned when log-in cookies are involved. I have the...

Posting in a forum that requires a cookie (sign-in) can lock on that true IP address thru any proxy IP service, which is not worth much in reality. If someone is harrassing online or otherwise subject to some sort of litigation procedures, it's not a big deal to subpeona the true IP address =...

riiiiiiight... and I read the book "Can't Lose Trading Commodities" by Robert Wiest about 25 years ago. the easiest system in the world to create is a martingale at extreme reversion zones. anyone can do that with little effort or study surviving the normal trend moves and occasional...

in which case you are making thousands with $millions. nothing wrong with that :cool:

in other words, you ain't seen a $10 or $15 single session trend move. yet. good luck when crude breaks the next big trend

today's ZS trading... everything prior to 10:30am? irrelevant sell signal 1318 > stopped 1320 for -2 cents buy signal 1320 > trailed out for 1327 +7 cents +5 cents / +$250 per by 10:54am done for the day. my kinda work schedule. no need to sit up from 3am et and waste my whole life...

nope... love the current hours of operation. for every day that's ruined premarket, nineteen others pack all of their movement inside a limited, known window of time ES and CL are often ruined overnight, and nothing happens pit session those days. no way in hell I'm even remotely interested...

... and so do those midwest country girls. I took a ride on the tractor with soybeans past two days myself. she's only available from 10:30am thru 2:15pm and all business, no playing games. rest of the time I have free to myself, do whatever I darn well please now that's a relationship I can...

fwiw: a lot of markets are making incredible price moves all around us. Currency traders have their heads spinning every day. Grain futures went wild today, and are pretty darn good every day. Crude oil, gold, silver and other commodities are on fire all the time. Opportunity for day traders...

well, perhaps it was the cause of that world-class volatility? fwiwII: why complain if you made big money? just go with it, and hope for more of the same tomorrow :cool:

are you saying you couldn't make money trading grains today? fwiw they practically threw money out the windows today at anyone who made half an effort to hit the signals there

If my market outlook is bullish and support is hit, I take the trade at that zone if it's part of my intended entry trigger. A usual dollar-size stop is preferably on the other side of support, but not always. If in that bullish scenario support breaks and I'm stopped out, does not...

the example I gave tried to explain why the concept of what to do with or at S/R on its face is a dead-end path S/R is something to use for trade entry decisions... not what to do if S/R levels are hit If your overall method suggests long, then buying dips to key S or buying breaks of key...

To the point: I agree with the OP's post 1,000% and felt like sharing that belief. If I were here in full promotional mode, that would be the absolute wrong sales pitch. It is a proven fact that aspiring traders line up to pay $10,000 on how-to trade the ES in proclaimed market-maker scalping...

S/R zones are places to target trade entries at based on other reasons than the fact that S/R assumed conditions exist at those zones. Said plainly, use them for potential trade entries... not reasons to enter a trade How's that for concise?

this conversation cannot be summarized or satisfied with a picture or three... or twenty, or one hundred The framework is this: random S/R alone does not offer any edge. It needs to be part of something bigger than that. Random example would be market profile levels. Say price drops to...

Here's the answer, just not sure if your general ophidiophobia will allow you to objectively digest the nuggets of truth to follow The problem with trading "pure price" and "support - resistance" is this: all S/R levels are not created equal. S/R levels on their own don't really mean that...

yeah, because without this site here, I'm nothing at all <lolol> I happen to agree with a wildly unpopular view lescor professed that almost all day-trade addicts never come to understand. If I wanted to regurgitate what the masses want to hear, I'd be singing the praises of "gotta scalp...

amen, and end of story. hands down the greatest core belief all traders must internalize. if they care what happens today and every day, the only outcome in the end will be total loss and inevitable ruin. period