ES Journal - 2013

Quote from Josef K:

Here's a new daily chart. The channel was broken but the bottom channel line has now looked like a line of support after big move back up.
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same lines I am watching. watching trans' actions on it's tl as well.

Could be telling.
 
I was trading hard today but getting back to ammo. I could sit on here and say short at 65.68.71,74 79,85,91 ,96.99 and reduce add all day also and claim victory when to be honest he never lists how many he shorts at any levels and how many he reduces. He doesn't even show the photoshop of the trades he does daily. Now if a long did what ammo did the last yt i'd say he killed it. I just don't believe any short on earth thats averaged up has made squat this yr.
 
Quote from hafez50:

I was trading hard today but getting back to ammo. I could sit on here and say short at 65.68.71,74 79,85,91 ,96.99 and reduce add all day also and claim victory when to be honest he never lists how many he shorts at any levels and how many he reduces. He doesn't even show the photoshop of the trades he does daily. Now if a long did what ammo did the last yt i'd say he killed it. I just don't believe any short on earth thats averaged up has made squat this yr.
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I don't disagree with his technique of using S/R to scale in and out of his positions, because in the end, you never know which is the S/R that is going to hold or not as you are always playing probability.

I do strongly disgree with the short only route, and as you said, had he taking the route of the trend, it would be an exponentially different outcome by now; and no, im not saying current outcome is negative for him.
 
Quote from OTCkrak:

im looking to get short this week.. still think this could push a bit higher through the next few days..

contemplating puts on IWM/ QQQ/ SPY.. which one would you short?
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I sold calls today on IWM as it looks the weakest of the three. The pivot highs on this market are clustered and differences between pivot highs are smaller, on most TA would show double divergences.
 

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Quote from hafez50:

I was trading hard today but getting back to ammo. I could sit on here and say short at 65.68.71,74 79,85,91 ,96.99 and reduce add all day also and claim victory when to be honest he never lists how many he shorts at any levels and how many he reduces. He doesn't even show the photoshop of the trades he does daily. Now if a long did what ammo did the last yt i'd say he killed it. I just don't believe any short on earth thats averaged up has made squat this yr.
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all i have to say in defense of ammo is that i give him the benefit of the doubt as he has been posting here for years with the same method-apparently... if it wasnt working.. he would be broke many times over.. consistent and dedicated posting leaves me to believe he has a real account.
 
Quote from hafez50:

I was trading hard today but getting back to ammo. I could sit on here and say short at 65.68.71,74 79,85,91 ,96.99 and reduce add all day also and claim victory when to be honest he never lists how many he shorts at any levels and how many he reduces. He doesn't even show the photoshop of the trades he does daily. Now if a long did what ammo did the last yt i'd say he killed it. I just don't believe any short on earth thats averaged up has made squat this yr.
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"oh the best is before big drops there's so much cash on the sidelines we're going much higher"


"if you're trying to make a living following how others are trading then you're in trouble"








" If a trader can't swing both ways he's in trouble longer term"

"add long 1694

average 1699 "

these are your words,,screens say ONE thing,concentrate on your acct and the market
 
Why do you care what ammo even does ?

I've seen him lose 40k on a full position and still come back to fight again and not once spew negative bullshit.




You said it yourself once

At the end of the day you have to be able to look yourself in the mirror
 
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