Daytrading Breakouts in the ES

[himself]

Quote from dpanic:




what am I missing here? How did you get triggered at 1006.5? I showed a trigger at 1005, at that there appeared some descrepancy between the indexes, messy etc. I didn't take it

I didn't take it either because the moving average was flat at the initial pivot point at 9:55. Otherwise the method said to go short at 1005. Too bad I didn't.

 

[Vienna]

Quote from dpanic:
overall I'm much better than 50% and the losses have been minimal so I think there is some validity to the method. [/B]

of course there is- basic common sense. Difficulty is NOT trading when you want to...

 

[steve46]

Vienna:
Saw your request for clarification. I took the first entry, had an adverse excursion of 2pts (I have a 3pt stop loss) and then it moved into profitable territory. I can understand some folks not wanting to take the trade. I used to be one of those people. If you (or anybody) have trouble pulling the trigger, to me it means you don't have confidence in the system. From my point of view the only way to get enough confidence to jump in is to "do the backtesting". Even if it is just manually going back through the intraday charts to work through each signal. Once you take the time to do this, you can decide for yourself whether any system is worth the risk. Hey look, who am I to take care of you guys. I already did my homework. Best Regards, Take care, Steve46

 

[Vienna]

Quote from steve46:

Vienna:
Saw your request for clarification.

-I didnt request clarification

If you (or anybody) have trouble pulling the trigger, to me it means you don't have confidence in the system.

-I don't have trouble pulling the trigger, I said that the system did not give a clear entry. If the trade worked out, it can be pure luck. Means nothing.

 

[steve46]

Vienna:
Top of your chart clearly says "please explain". Having a rough day? Don't worry, it wont happen again. By the way, if you just look up, you will see that the sky is blue. Steve46

 

[dpanic]

Steve, I guess your comment is directed to me. I have no problem pulling the trigger however I do have strict entry criteria and the discipline to adhere to those rules. Especially when it comes to throwing money at a new method such as this. Even though I think it's good I'm not entering marginal setups and will stick to my own rules that have paid my living as a full time trader for 2 year now.

 

[dpanic]

Quote from steve46:

Vienna:
Top of your chart clearly says "please explain". Having a rough day? Don't worry, it wont happen again. By the way, if you just look up, you will see that the sky is blue. Steve46

pay attention! I posted that chart

 

[Vienna]

Quote from steve46:

Vienna:
Top of your chart clearly says "please explain". Having a rough day? Don't worry, it wont happen again. By the way, if you just look up, you will see that the sky is blue. Steve46 [/QUOTE

- Oh yes. Sorry I was asleep and didnt realize that my name was not dpanic. It wont happen again. Thanks for the kind and enlightening lesson.

 

[steve46]

Boys:
Page 79, second post under the name Vienna, Entry.gif. I pay attention very well, and the words "please explain" are what I responded to.

 

[dbphoenix]

Those of you who are interested in developing this idea would do well to create a private room in ET Chat and lock it up with a password, issued to those from the thread who you think would be interested, i.e., not Ditch, not Walter, not whoever. Then run it for 90m and quit for the day.

Squabbling amongst yourselves, however, is exactly the sort of result that disruptors work for. Don't allow yourselves to be manipulated in that direction.