THanks! Would it surprise you if I told you I could make 10,000 of these types of 'calls' and they'd all be winners?
4370
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
4370
THanks! Would it surprise you if I told you I could make 10,000 of these types of 'calls' and they'd all be winners?
4370
Surprised? No. I wouldn't care on way or another beyond being happy for you. It's your money, not mine. If you're living out a fantasy, it's really none of my business.
So you can now see a difference between a call made in realtime, and one with the benefit of hindsight due to not actually calling the trade at the point it was taken?
It would be difficult to 'live out a fantasy' with the first option, but then I guess you already understand that!!
Too much to point out here this is how I am seeing things at the moment.
Yesterday's high is the flip point and I would expect it to be tested - no guesses as to whther it pass/fail, but it should be tested.
Yesterday's high is the flip point and I would expect it to be tested - no guesses as to whther it pass/fail, but it should be tested.
Either way, who cares? If I were looking to you for tips, it would matter to me. But I'm not. And given the fact that there's no such thing as a "real-time" call on a message board, I'm much more interested in those opportunities which are posted ahead of time.
LOL... I love it! This post is made just as price actually tested the previous day high, which is my green line on this chart (took the screen capture within a minute of his post). So its a bit late to make this "call" that price should test this line.
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So something like a long at 67 with a stop at 65 and take profits at 72 on 1/2 ...?
This is where testing comes in, including MAEs and what happens when price comes back into the previous retracement. It's been my experience that given the late hour and given the extent of the move so far that price coming back this far means sideways. That's no guarantee and I don't want anyone who hasn't done the work to make a rule out of it. But this is a large part of the function of observing and backtesting. If one stands around waiting for someone to tell him what to do in this and/or any other circumstance, he's going to spend a lot of time alone.
I think that is what many are looking for here. That's why it is much better to be "paper trading" or "done for the day" or "taking a break," or at least indicate the uncertainty of it all with a "?"
Most here want tips, and most here fear being wrong more than they desire to be profitable. I take my share of small losses, but my average loss on a whole position is less than my +5 on half. If you don't like to be in the red, develop a trading plan that tends to keep you in the black.
Still liking the long side as long as NQ doesn't drop below 63, btw.