Daytrading Breakouts in the ES

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Quote from mohammedakram:



Johnny Rotten. You are an evil Impereelist who makes mockey of my freinds on Elitetrader. I hope Allah punishes you for being Evil and bad to people, especially to the Establishment, who I learn a lot from.

Screw you.
Ahh schucks, no chance of a quick shag then? :p
 
Quote from dbphoenix:



This is the book, but it's used for $250. The book should not be more than around $50. If you're US, get it through interlibrary loan.

I bought it for $16.5
Items Ordered Price
1 of: New Blueprints for Gains in Stocks and Grains & One-Way Formula for Trading in [Book]
Available to ship by 01/23/2003
 
Quote from ROCK SOLID:


what a sad post. someone actually took their time to explain a way to trade and this is what they get?
Thank you my son! It took me the best part of two hours not just to write it all down, but to edit it, to formulate the bullets, the flow of it all, etc., so it was at least half readable. Two fucking hours! And then a few asswipes come in and abuse me for it. See what I mean about Groupies, Gurus and Establishment? That third post was absolutely necessary to warn people about this web site and the assholes that troll it. These people hate fuckers like me for crashing their little party. Fuck 'em all, the miserable bastards. They'll probably still read and steal my ideas though, so fucking shameless are they. When was the last time you ever read a post from one of my 'critics' that ever made you stop and think? Motherfuckers the lot of 'em, but don't get me started! :D
 
Quote from Johnny Rotten:


Intermarket analysis is the backbone of this method. Take a look at the YM during the same time period. In page one rules, I mentioned the possibility to trade one market on the basis of another's signal. See attached.

Shame on me :) I did overlook that, guess if I'm going to follow this thread I better set up my charts accordingly. Problem with learning new stuff during the trading day is I have my normal trading plan to execute so there's alot of details to keep up with. I think when you start to reach the point that 3 monitors is not enuf it's time to back off a bit and simplify. That's why I'm interested in what you've proposed, at the least maybe a different perspective will spark some new ideas.

One immediate idea I'm seriously considering is trading the Euro open and the US open and then just blowing off the US afternoon for the rest of the summer. I don't think I've had a really good afternoon for quite some time.
 
Quote from Johnny Rotten:


ORDER TYPES THAT SHOULD BE USED:
  • ES: Enter on a stop-limit one tick above the pivot high (same limit price as stop price). Never use a plain stop because it isn’t native on Globex. Profit objective is a Limit order. Stop-loss is a stop-limit order with at least a 5 point spread between the stop and limit prices. Never use plain stops because they are not native and you can get screwed with them.
  • DAX: Enter via a stop-limit order with one tick (0.50) difference between stop and limit price. This is not a native order but since it’s only Entry and we need to control slippage, it is safe to use. Profit objective is a Limit order. Stop-loss is a plain stop order (native). Do not move your stop more than 10 times when in a trade.
  • ESTX50: Same as DAX except the initial stop-limit order should have the same limit price as stop price.

I understand the preference for the non native stop-limit order in the DAX where slippage is expected and a different price is used for the stop and the limit. But for the ESTX50 your rule is the "same as DAX except the initial stop-limit order should have the same limit price as stop price."

If the stop and the limit for the ESTX50 are to be the same, then wouldn't we be better of with the natively held plain stop order?
 
Dearest Brother Johnny Rotten,

Nice thread... there are many ways to skin a cat and, although your way is a way of trading that I don't trade, its an interesting read... keep up the good work, and your interesting contributions to our ET community...

All the best,
Candle

P.S. your generalizations on the establishment, gurus and groupies are, however, uncalled for and belittle what is otherwise a fairly mature thread...
 
Quote from candletrader:

P.S. your generalizations on the establishment, gurus and groupies are, however, uncalled for and belittle what is otherwise a fairly mature thread...
Absolutely not. I've lost track of the number of times assholes have driven away good people and destroyed a promising thread. Plus, I've lost track of the number of inane comments made by Elite members. Preaching morals and good behaviour is extremely tedious and boring to read. So, while I say "you're welcome", I'm watching you with a leery eye. You managed to piss off my little brother Sim from what I remember? :eek: So just behave yourself and we won't have a problem, OK?!

In the meantime, go out and buy a copy of my 1977 record: "Never mind the bollocks ..." It'll do you some good :)
 
Quote from Johnny Rotten:

Preaching morals and good behaviour is extremely tedious and boring to read. So, while I say "you're welcome", I'm watching you with a leery eye. You managed to piss off my little brother Sim from what I remember? :eek: So just behave yourself and we won't have a problem, OK?!

Dearest Brother Johnny Rotten,

The fact that I have already bestowed upon you the honor of a Brother, effectively making you a Member of the Fraternity, should show you that, despite the fact that you are a relatively new addition to the ET community, you are already held in high regard by Brother Candle...

Rest assured, there is little need to behold me with a leery eye, unless of course your ulterior motive is to be a mischief maker on these here forums...

My initial analyses on your persona lead me to conclude that you are a Brother of high intellect, who genuinely has an altruistic streak running through him...

On this basis, I urge you not to think of me as Big Brother but instead as a Brother Amongst Equals, traversing life together to an unknown destination...

With love and warm feelings for you, my Brother...
Candle

P.S. Please convey my heartiest and sincere regards for Brother Sim... please include a reference to the widely acknowledged fact that ET is worse off for his absence...
 
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