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  1. V

    Tell me why averaging down is a bad idea .

    You see AFTER the fact the range can be seen clearly. That agree with you. But after the fact it becomes clear the latter part of the bear channel actually has become a part of the range. The whole point I am trying to make is that for me it is important that I get early detection of a market...
  2. V

    Tell me why averaging down is a bad idea .

    I don't think I addressed this post of yours so here goes. To me it is significant that where I started drawing the box we had our first sideways action. 15 minutes of it. Bear..bull..bear bars. Then it drops down a little followed by more sideways action. This time 30 minutes or six or so 5...
  3. V

    Tell me why averaging down is a bad idea .

    Have nothing to sell LOL. ACTUALLY I was explaining why earlier on that day I identified a channel morphing into a range and a poster could not see what I was seeing. SO....after the day ended I was showing him how it in fact turned out. If you had taken the time to read the other posts you...
  4. V

    Tell me why averaging down is a bad idea .

    Maybe it is a little clearer here. Now that that the trading day is history. See the market is always in a trend or a range. Trends are are of two types. BREAKOUTS and CHANNELS. So, you can get a spike in a BO. Once it starts having PB’s it is morphing into a channel. Channels while part of a...
  5. V

    Tell me why averaging down is a bad idea .

    To see if I could show how a little feller with a little account can use the techniques without alot of risk and yet make a few hundred a day. While the ES and Micro mostly track together within a tick or two I didn’t know if it would be worth messing with on a micro. But, so far it appears like...
  6. V

    Tell me why averaging down is a bad idea .

    Maybe it never occurred to you I may be just showing how a trader with a small account can make some daily wages. What I do with 1 micro or 5 micro’s I can do with 10..20..30..emini’s. I did this sometime back on another thread. Can’t remember just when. The techniques once learned work on 1...
  7. V

    Tell me why averaging down is a bad idea .

    ROFLMAO
  8. V

    Glad I'm not the only one befuddled...

    ROFLMAO that is hilarious
  9. V

    Glad I'm not the only one befuddled...

    They are afraid of winning and then having to admit that winning messes with their political aspirations, hopes, and emotional attachment to a political ideology. This is, all their economic assumptions and beliefs are smashed and the pain is too much to endure. So they are afraid of winning and...
  10. V

    Tell me why averaging down is a bad idea .

    Went for walk. Looked at markets upon arrival back. Piles of money could have been made in the chop all morning long. I love chop. Quick entries and exits. Pulling in the cash. Jingle jingle goes the cash register at the Mom and Pop trading academy...LOL. I GOTTA GO. Something else to work on...
  11. V

    Tell me why averaging down is a bad idea .

    Two general rules for scalpers: Jack be nimble, Jack be quick, Jack jump over the candlestick. Hickory, dickory, dock. The mouse ran up the clock. The clock struck one, The mouse ran down, Hickory, dickory, dock I gotta go. No more posting for several hours. Have something else to do. PS...
  12. V

    Tell me why averaging down is a bad idea .

    Whoa..you done went and opened a can of worms that at the moment I don’t have the time to explain in any kind of detail to give it justice. But....that said..here is a general answer..for one tactic.. 1) how many more times would I have averaged down? There is no set number. That depends more...
  13. V

    Tell me why averaging down is a bad idea .

    Here are a few trades in MES I took this morning. The first two trades were 2 contracts each with no averaging down. The last trade was averaged down each entry 2 contracts at a time. Total in this last trade was 6 contracts. These trades taken mostly in the middle of the range using other...
  14. V

    Tell me why averaging down is a bad idea .

    Remember, I didn’t actually draw that range until just before my trade. I slept late. I didn’t draw it off that one bar and extrapolate it out before the fact. It was after the fact. Just seemed about right to me for sideways action and placed me buying near the middle. I figure price would...
  15. V

    Tell me why averaging down is a bad idea .

    To be sure it can be in the eye of the beholder. Right where i started the gray range box is right where believed the channel was starting to morph into a range. So 20 or so bars later we are at the point where I would identify and call it a range and use range tactics. I see the channel...
  16. V

    Tell me why averaging down is a bad idea .

    Not really more difficult but requires more techniques or tactics I suppose because of HFT’s and algos. I used to scalp all day long using one technique.
  17. V

    Tell me why averaging down is a bad idea .

    I don’t think you understand what I am doing. Most BO’s of channels fail. But all channels morph into ranges. Once a range is identified (and usually the last part of the channel becomes part of the range) then tactics change. The entire gray box is a range. So, if you are talking about the...
  18. V

    Tell me why averaging down is a bad idea .

    Mr T’s Tweets don’t affect me or my trading. Whatever price is doing I scalp with techniques (tactics) designed to use in whatever PA phase the market is in. That is one of the benefits of scalping. I can change tactics on a dime. Whereas if swing trading MR T’s tweets might mess up my long term...
  19. V

    Tell me why averaging down is a bad idea .

    Here is how to net over 1000.00 trading the micro ES or MES when price is going sideways. A lot of averaging down and some not. Scalping...scalping..."a bird in the hand is worth two in the bush." We are talking about the tiny MES. I think I traded 148 contracts or 74 RT. All winners I believe...
  20. V

    Tell me why averaging down is a bad idea .

    Unfortunately here is what happened in the ES. I have to admit 100 dollars was made in night session but couldn't seem to lose there either. Anyway, that trade is not on the chart but is in the stats, I think. I have to go get ready for my flight. Much much more could have been made from the...
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