Daytrading Breakouts in the ES

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I took it. No BB penetration on the spike but I was trading the range, and then the range broke, so I called it a breakout. Closed out a minute ago for 4 pts. Was going to hold for more but we are nearing lunch time, so I got out. Anybody else take this? Between this and my range trades, I am up 6.75 pts off one contract today. :)
 
Quote from dbphoenix:



That's how it works with the beginners at ET. They always want to know others' results so that they can decide whether or not the strategy is worth their time. They never grasp the fact that they will never match the results of anyone else, particularly if it's the originator of the strategy, and that whatever results are achieved by Elmer or Beulah have nothing to do with whether or not the strategy has potential.

In other words, rather than examine the legitimacy of the strategy, they look for recipes, as usual.
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Yes. It's a trading idea which JR has presented. If the concept interest you then go back and work thru the charts and see if it's worth pursuing. If you're really interested put in the time to check it out yourself, then engage in some kind of productive dialog to learn and maybe improve it.
 
Quote from Walther:



I thought that you were actually trading it( paper or real ) and kept a log of all trades . If you decide to keep a log, what day will you post summary of trades like total profit for a week, W/L ? Perhaps every Friday ?
Thanks,
Walter
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I am positively the fucking worst at record keeping. I don't even write down my trades when they happen. I know how much profit I made at the end of the day, and what my new balance is. Then I get the statement on email the next day and say "I remember that - looks right". Maybe if I did 10 trades a day, I've have to be more thorough, but I don't. So unless I go back over all my statements I've got no idea how many trades I did.

No I won't post my results. Nobody can emulate me, so what's the point? And I don't intend to personalise things to the extent of telling everyone exactly how much money I make. Fuck off and mind your own business!

What matters is whether YOU make money. While I will discuss specific trade setups to assist people's analysis, you won't be getting personal financial details from me. Given my generosity, I see no need to 'prove myself' to any fucker.
 
Quote from baggerlord:

JR, this method is great, but don't you think you are being a little harsh on the range-bound thread? What is wrong with having another tool up your sleeve? I found the range method quite simple and logical and have already used it to pull $100 out of a contract today, when it became clear that we are facing another crap day for the time being. I very much prefer your method, but I want to be able to get by in all conditions.

Edit to add: Make that two trades worth $100 :)
Edit again: One more trade for an $80 loss, finishing my morning session up around $200, the ideal result of a good breakout trade.
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Overtrading, looking for action, taking small winners. Trying to win all the time. That's the problem with the other stupid thread. Not to mention, telling you to add more indicators just to fuck you up. If you want to make more money, trade more contracts not more signals.

Your need to get by in "all conditions" will destroy you. Check that emotional problem at the door and learn patience instead.
 
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