ES Journal - 2012

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Quote from sttrader:

Gap from last week filled. One more gap higher up. So far, nearly straight up almost 30 points.

On these kinds of days you can usually fade post-1pm breakouts for at least a 2-4pt scalp. Sometimes a 12:30 breakout is best.
 
Sold 1 @ 138675 another is on at 138900

Stop ZB 140'27

Scary stuff, Volente stop 22.5 over initial trade. Good "luck". Class cancelled so I am hoping for good omen. Sans heat.:p
 
Quote from chaykapwr:

Im calling bullshit on this. Either that OR your system is total shit. The Math will explain.

You started shorting and adding at

72.5...74.5...76.25...77.5...79.25...79.5

Lets assume it was 1 contract each for simplicity.

You then added at

81.25 and 84.25 and said that your average was roughly 79.5.

This means before the add you were in for 6 contracts, this means to get an average of 79.5 you had to have added 3 contracts and 81.25 and 3 at 84.25. In other words, you had to DOUBLE your position.

I doubt you did this.

BUT lets say you did.

This proves what ive been saying for months with you, when you win you win on your small size (first 2-3 contracts he enters with) and make 10 points. But when you lose, you lose big (12 contracts) for -5. You do the math, see how long this system will stay profitable.

If you get stopped out here, you lose ALL the gains youve made. Or at least a significant portion

Now he has to be in minimum 20 contracts.

It's clear volente is lying
 
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