Not your fault. The huge NQ gap created arb opportunities that f#$ked the price movements.
Need NQ and ES to go back in sync for better long term swings to work out.
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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Not your fault. The huge NQ gap created arb opportunities that f#$ked the price movements.
Need NQ and ES to go back in sync for better long term swings to work out.
Quote from Josef K:
IMHO, you should wait until there's a clear price action reversal signal like we had back in May at the previous swing high. This is the strongest bull swing in the past year. With a trend this strong, I'd say that price is the only reliable confirmation of a change in trend.
As long as you are ok with missing 30+ pt down move. This is the prob with a market that grinds up slowly like this. It comes out of nowhere and it happens before you realize it.
quite a FEW REVERSION TRADES IN THE LAST 12 MONTHS THERE HAF,IGNORE EM IF YOU WANT,BUT don't preach on what you are ignorant about..there are plenty of markers showing where to get in where to reduce where to add,when to hold,when to bail,it's simple, if you take off your blinders, i realize that there are other ways to trade,1000's,but i don't for a sec think that the small handful i know are enough to debunk the other 995 and get awfully tired of the ignorant jabs from those who think they know,if they did,they wouldn't be posting here on ET along with you and IQuote from hafez50:
strait over time top ticking shorts is a losing strategy period. The mkt rises 70% of the time but traders in general have a negative bias. The top of the bull mkt could well be near so why not wait till you see weakness before shorting? For all the time one shorts and gets stopped out he could have saved himself some pain by shorting weakness with stop and then adding. If the bull mkt is near an end theres 700-1000 es pts down so why worry about the first 50?
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Quote from ammo:
quite a FEW REVERSION TRADES IN THE LAST 12 MONTHS THERE HAF,IGNORE EM IF YOU WANT,BUT don't preach on what you are ignorant about..there are plenty of markers showing where to get in where to reduce where to add,when to hold,when to bail,it's simple, if you take off your blinders, i realize that there are other ways to trade,1000's,but i don't for a sec think that the small handful i know are enough to debunk the other 995 and get awfully tired of the ignorant jabs from those who think they know,if they did,they wouldn't be posting here on ET along with you and I
Spot on.
Yes if i'm not mistaken ammo you've been caught quite a few times the last yr with 40 -60 pt loses. We've basically gone from es 1553-1695 in 5 weeks with very few draw ins.You being 100% a shorter no doubt you've been hurt bad. I'll sit here today and say to any new trader to never ever ever follow the way you scale in and more importantly short almost all the time.New traders please make 80% of your trades from the long side.Ammo you can always prove me wrong by showing us your month by month p@l since this upturn started in november.Ammo this is nothing against you but in my 3 decades i've never seen a profitable all short trader in a mkt that goes up for months on end at times.I just believe seeing 1000's of traders over the yrs that being a all short trader is suicide.
if you search ammo flat,you can figure out the win/loss rate,,i just display a method (several traders share methods in here),how it works/doesnt work,why an entry,add reduce close,profit loss,all transparent, no one needs to pay attention,but if you aren't then you should wait til you know more before commenting repeatedly showing your ignorance
when i go to search under your name and read the posts you mention ammo,all negative..this is all i know about you on ET,just insults... this is just another of your insulting posts,..if this is your trading method,please expound ,always interested in new methods,thanks for sharing
when i go to search under your name and read the posts you mention ammo,all negative..this is all i know about you on ET,just insults... this is just another of your insulting posts,..if this is your trading method,please expound ,always interested in new methods,thanks for sharing
I'm not insulting you and yes in my career i have tried your style and see ton others try.you can say what you want but when you fight then trend and avg in constantly you have a huge negative position that is tough mentally to withstand and the vast majority of people will panic and cover as trades go 20-50 pts against you as many times the mkt never retreats to the mean for weeks on end.You're the one that insulted me above when i advised people not to short yet and i was correct.Imho your way of trading is suicide. Anyway i chase stks on the long side most of the day. Like after hrs today i chased apple off earnings and make $5.50. I bought the dip in nflx after earnings came out yesterday.But i'm also looking for a short signal in here to short the es and its not here yet
Quote from hafez50:
I'm not insulting you and yes in my career i have tried your style and see ton others try.you can say what you want but when you fight then trend and avg in constantly you have a huge negative position that is tough mentally to withstand and the vast majority of people will panic and cover as trades go 20-50 pts against you as many times the mkt never retreats to the mean for weeks on end.You're the one that insulted me above when i advised people not to short yet and i was correct.Imho your way of trading is suicide. Anyway i chase stks on the long side most of the day. Like after hrs today i chased apple off earnings and make $5.50. I bought the dip in nflx after earnings came out yesterday.But i'm also looking for a short signal in here to short the es and its not here yet
What constitutes your short signal on the ES.