ES Journal - 2019/2020

[destriero]

I can’t see LF’s post because I decided to block him after I posted, but I’ve been told about it lol. I’m assuming that his post is what appears in the blank space above the multiple “tilt”s

What’s that old saying about suffering fools ... well I won’t do it. I put both LF and overnight on my block list. I have two others on my block list I never even interacted with ... they might be nice fellas ... but stupid AF about the market but think they are brilliant and insightful lol so I don’t want to be spammed having to read their nonsense. Then there are two others too obnoxious for my tastes.

I think what ET ought to do is make @destriero a mod to clean this place up and raise the market IQ a little bit.

lol there would be five or six of us left if I were mod.

 

[speedo]

lol there would be five or six of us left if I were mod.

 

[vanzandt]

lol there would be five or six of us left if I were mod.

That many? I assume that includes Baron and Magna too but even at that....

I've mellowed/softened.

You might finally be right B1... the end of times is certainly near.

 

[vanzandt]

I've given him my fair share of ribbing about it, but I really do like him. The dude sticks to his guns and is downright unflappable ... B1 has a well toned interweb muscle for sure .

ditto

 

[destriero]

I've long given up on trying to add *specific* value wrt trading. You're either castigated by the morons or it simply falls on deaf-ears. So it's my job as Warden of the North to call out the dilettantes like LF, B1 and Polenta:

"It's a buy here unless it goes lower..."

"Journal integrity intact ... 426.5 points of profit"

"Top at 2813... stop at 2890... top at 2925"

 

[themickey]

NQurious said:
I have said it before: Algo's make money. They could not do so if the market were random or if technical analysis didn't "work." There is a logic to every tick - anyone who tells you the market is random or filled with "noise" doesn't know the market - at least not the market I know. I have, in this thread, in a very short period of time, picked LOD's and even LOW's within ticks, often to the tick. No way I could do that if the market were some noisy random formless chaos. I'm not special. I observe with the purpose of understanding why the guy who took the other side of my trade took it. That alone will take you a long way past 99.99% of the homegamers trying to make a go in the futures markets.

padutrader said:
the key to any business is understanding the market it operates in.
This is critical to trading in any field but especially so in leveraged trading, where the room for error is close to zero.
if you do not understand the market PERFECTLY then you need a good system in place, to manage the mistakes, you will invariably make, because of this short coming.

If a trader says that 'risk management' is important, it is probably likely that this trader does not perfectly understand the market.

however, perfect understanding of market is not really critical to making money but it does reduce the amount of money that trader makes

riiiiiiiiight

 

[NQurious]

You're either castigated by the morons or it simply falls on deaf-ears.

I don’t mind the deaf ears ... it’s the morons that get to me.

 

[SPYgrain]

Last week..bigger $ was made on shorts during RTH..will next week return to the traditional "buy lower opening in bull mkt?"...or will the up for Europe down for US action continue ?

 

[speedo]

Thanks for your lesson NQ!
Agreed, TA & fractals applies to ALL natural systems, biology (plant, animal), rock formations, coastlines, etc..my first tech mentor used his system to bet on horse races..

sounds like a nice morning run! After 55 k miles (lifetime) I'm in the gym now..wear and tear

Ditto on the gym (also wing chun and taiji), "only" about 30k miles but the knees doth protest too much. Meniscus OK but tendinitis inflammation flareups...ugh I truly love to run.

 

[Rickshaw Man]

Overnight rally alive and well $$