ES Journal - 2013

Due to the markets uncanny ability to know exactly what my positions are....I'm predicting an ES close TODAY of 1680...why? Orders out to short 1684 and long 1676...sigh..

hope everyone has been making a little bank on this move.
 
looks like a opportunity to stab short... not to aggressive on this one..

+ BOT 1 ES AUG 16 '13 - (2) 1650 + (1) 1700 + (1) 1600 Put Combo 13.00 USD GLOBEX 16:00:59

puts my neutral to 1650...
 
Quote from ammo:

i have mentioned before and you convieniently ignore it,(hafez50


Registered: Dec 2012
Posts: 49


07-23-13 10:04 PM

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 are mistaken but that hasn't stipped you from repeating it over and over

i have a max stop loss of 20 pts on a max position,to stay in that position i constantly reduce and add,since i cant know when the pullback will occur,this style of shorting, reducing on pullbacks to mp value areas mentioned and displayed hundreds of times,adding on advances to same value areas,allows a systematic way of staying in a position until a reversion occurs,i get caught less than 3 times a year,sometimes less than 2,and the returns often outweigh the max loss limit, this style also eliminates any chance of getting caught long in a flash crash,bank run,fiat system failure etc.......so the type of shorting you are referring to is not this system,nor is the short all the way up with mujltiple stops,death by a thousand cuts,again please refrain from posting ignorant statements using my name
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takes a certain emotional strength to trade like you do... I'd just ignore him.... I would be shocked if you were on here for as long as you have posting and you weren't making money in the long run... I would bet against most people on this forum instead of you.. just my opinion..
 
I wish I could paste a screenshot but I have 4 screens and when I screenshot it looks strange - anyway, I can spot an algo when I see one and the audusd just put in something sweet. Anybody reading this, do it.
 
Quote from startraitor:

Taking out June low in the next month.
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is that your "hope" or do you really know this?

i truly am amazed how you guys can be so sure on market direction.

with that said, i highly endorse ammo's style (i trade similar) of averaged mean reversion and wish him a great day. i do not believe his style has "macro" bias's (ie: we are too high because money printing, etc")
 
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