Columbus 5 Day ES Intraday Trading Exploration
- Thread starter martys
- Start date
Don't bother to backward engineer this stuff because there is a bit of discretion involved. I will say the general concepts of Elliott waves help sometimes but I never count waves or using Fib. As you can see I am really a lousy trader but if you notice, my entry is pretty good which allow me to have a tight stop. The only way to have a good entry is to open to the idea that "there is an order to market." Other people might steer you in other way with good intention. Keep doing research. The only problem is that a lot of snake oil vendors also want you to believe that... I am beginning to sound like them. 
Just an observation from someone who does not know you or see your monitoring setup or how you go about things:
Where you are currently, there seems to be no detectable ability to perform at a minimally acceptable level. This is not to say you will forever stay where you are. But continuing what you are doing looks to me to be an exercise in losing money quickly and unexpectedly.
Where you are currently, there seems to be no detectable ability to perform at a minimally acceptable level. This is not to say you will forever stay where you are. But continuing what you are doing looks to me to be an exercise in losing money quickly and unexpectedly.
Quote from coolweb:
interesting way you trade since I traded NQ for 3 months,
Don't think the strategy is sound, but its always good to test strategies out to know
It is not a mechanical setup - can't backtest any component of it but watch different parts of it for over a year. I wish I can backtest it. I would not recommend anyone else trading this.
As I stated, I don't know your situation. I just went by your posts in this thread. Usually when a person enters on the wrong side of a fast pace trend, that's an indication of an absence of a basic money-making skill. Or it could be you just were not sharp personally at that time. I know it can happen to anyone.
In any case, if you are supporting yourself through trading, then disregard what I wrote. All the best.
In any case, if you are supporting yourself through trading, then disregard what I wrote. All the best.