Search results

I could sell the vegetables but I usually give them away to friends and family. Of course I get my bait of them.

Thank you. My desire is that it helps and not hinders. And how I trade is FREE. I try to explain it well and charge nothing. I try to be open about the techniques and strategies so others can try them out, of course on a SIM, LOL. I have no fear at all that I am giving away my edge or edges. We...

Yes BO means "breakout" I took a few trades in MES this morning. All profitable except for 1 small loss on one of the contracts. I also took a couple of small scalps on the ES. I am stopping for now as I have to go work in the garden. But I wanted to highlight a few concepts as concerns the...

Good. Even though strong BO's on a single TF comprises about only 10% of the bars on that TF I as a trader need to learn to trade BO's too as they can, be some of the times, the type of PA where I as a trader will allow a scalp to run often capturing not only the first leg of the BO, but also a...

Lets pretend it was 1200 loss on trade #1. In trade number #2 I then made 2075 (1200 plus 875). Or let us pretend the loss in trade #1 was 300. In trade #2 I made 1175 (300 plus 875). See it doesn’t matter. I made 875 after deducting all previous losses for the day. I made two trades. One was a...

You got the only explanation needed for an explanation of the technique.

Lol I got the entire loss of trade #1 back on trade 2 plus, in addition, a small profit of 875.00 after getting the loss back. All in trade#2. You bellyache about me not postings losses so here you go. Here is one. BUT it didn’t last long…ROFLMAO. LOOK Fedex the purpose of me posting was to...

Here you can see the concept of distance traveled graphically from 1st entry to the exit of each trade. Trade #2 (yellow) is less distance traveled to recoup loss and be in the money really good than the distance traveled from trade #1 to create the loss. Not only was trade#2 less distance...

Here are a couple of trades I took in the ES this morning. The first one was averaging down and ended up being a loser. Highlighted in red for all the doubters! ROFLMAO. The second one was averaging down in a bear channel and ended being profitable. Highlighted in green for all the fans! LOL...

It also implies we might want to learn how to trade “chop” since the market trades most of the time in ranges and channels (horizontal or slanted chop). Trends are composed of BO’s or spikes followed by channels (which can be called slanted chop). If a trader only trades trends i.e. BO’s...

Here we are 7-13-2021 @ 10:01 Chicago time. What kinda of Day is it shaping up to be? Trading Range? Bull trend? Bear Trend? A hallmark of a developing range is tge emotion of confusion. Goes up then goes down. Bulls and bears pushing. One wins for a bit then the other gets the upper hand. That...

I often talk of the market cycle or phase. All markets go from range or sideways movement to BO then upon first PB the BO becomes a channel. So a TREND is composed usually of a BO or spike followed by a channel. Then the market goes back into sideways movement or a range. This action repeats...

Ok now for my trades in ES. As you can see it was basically same price action as MES above. An opening BO followed by a SPBL trend day. The 5 minute chart below is how I traded the ES. I used tactic #2 from my post #1187 for trades 1, 3, and 4. These were averaging down trades. One was a...

Ok here are my trades for MES for 7-12-21 on a 5 minute chart. TRADE #1(blue) I used tactic #3 from my post #1178. First I entered on the opening BO. At this point not yet sure what kind of day we would get but I wanted in on the BO. So the green 1 was my initial entry. By entry 2 which is on a...

Chart is MES 5 minute: Well nobody responded to my questions in post #1184. But to answer them myself it ended being a typical SPBL trend day. Remember a SPBL trend day is when price grinds up relentlessly most all the session. Often times around 1:30 Chicago time we might see a deeper PB that...

What kinda of day does it look like ES might have today July 12, 2021? Range? SPBL trend? Neither?

This is the end of the session with all the trades. First chart is the 5 min chart. All the trades were multiple points of profit and not the min scalp of one point. And this was in a market that barely moved. Just grinding north at a slow pace. 3 wins 2 losses (losses by procedural mistakes)...

Well here is the end result of trade #5. It was averaging down and scaling up on entry number 4 (green). A combination of tactics 2 and 3 mentioned earlier in a previous post. I think post #1178. Another sister (of my wife) and her husband showed up so I can’t continue be rude so I exited and...

Trade #4 Made the same mistake again. Forgot to move my 3 point stop. My my…it is a pain getting old. Lesson learned not learned earlier! See, MAKE sure all is set right on entries WHILE trading when distracted with making posts and visiting company! LOL Now I get to average down and attempt...

Trade #3 Doubled up. Got back my loss from my mistake in trade #2 and made some more on top of that. Doubling up gets my loss back quickly. It was a 5.75 point profit and doubled up from the get go with no averaging down. It effectively got back my loss quickly and made meca decent profit. These...