ES Has Bottomed

Agree?

  • Yes

    Votes: 9 32.1%

  • No

    Votes: 19 67.9%
  • Total voters
    28
I think what people here are saying is that you look for correlations that indicate a local minimum/maximum and good risk management allows you to keep your money when you are wrong. Letting the winners ride will make up for the times when you're wrong. This is why something seemingly unrelated to top/bottom (EMA/SMA/etc) is used in conjunction with other things to call tops/bottoms.

Just don't go all in. Incrementally add to your position when you're right, take it off when you're wrong.

Does that cover it?
 
nooby_mcnoob said:
I think what people here are saying is that you look for correlations that indicate a local minimum/maximum and good risk management allows you to keep your money when you are wrong. Letting the winners ride will make up for the times when you're wrong. This is why something seemingly unrelated to top/bottom (EMA/SMA/etc) is used in conjunction with other things to call tops/bottoms.

Just don't go all in. Incrementally add to your position when you're right, take it off when you're wrong.

Does that cover it?
More...
I never add to a winning or a losing position. I enter with full position each time. I want to capture the most when I am right. I can't do that unless I have full position on at entry.
 
Buy1Sell2 said:
Thanks for putting yourself out there. It was a nice try.
More...

Well we did hit that and went through it for a bit... stayed around that level for 10 hrs in AH trading before market opened on Monday. So I'll take that ;)
 
FYI, bottom was 2318 and we did hover around 25 for a while...

upload_2017-3-30_12-46-37.png
 
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