Interesting theory but how do you explain the gap and grind days or the straight grind days ?
ES Journal Archive (2006 - 2008)
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Interesting theory but how do you explain the gap and grind days or the straight grind days ?
I did, and rode it up for about 4 points, exiting about 3 minutes before close of RTH. That's the good news. The bad news is that I'd previous had three consecutive prior trades stop out (tricky bastards!), so I was 6 points in the hole by the time I took the long trade, and ended the day down 2 points. Oh well, could've been a lot worse.
Here I will give it all away. Why? I have been a master baker for many years and know that you can give any housewife your recipe but she can't bake worth a shit.
ES chart set up. 1, 3, 5, 15, and 60 minutes. 21 bar exp and 79 bar sma. 1, 3, and 5 minute are continuous data, 15 and 60 cash hours. Trade retracements to ma's and fibs and points of inflection on longer term charts. Favorite is inside vertical bar breakouts on 60 min. Also ma crossover on 1 min with longer term trend or confirmation of longer term reversal.
Will call it live starting tomorrow time permitting.
ES chart set up. 1, 3, 5, 15, and 60 minutes. 21 bar exp and 79 bar sma. 1, 3, and 5 minute are continuous data, 15 and 60 cash hours. Trade retracements to ma's and fibs and points of inflection on longer term charts. Favorite is inside vertical bar breakouts on 60 min. Also ma crossover on 1 min with longer term trend or confirmation of longer term reversal.
Will call it live starting tomorrow time permitting.
Hey all,
WOW!...look at this...the least risky emini to trade is the...)drum roll please :eek: )...the NQ emini Nasdaq...let me explain...I am basing this off the ATR average true range per day and potential loss of 1 contract traded per day...
Okay here we go:
MOST RISKY: ER2...ATR is 10.67 and (greatest)loss would be $1,067
VERY RISKY: ES...ATR is 11.63 and (greatest) loss would be $581.50
RISKY: YM...ATR is 98 and (greatest) loss would be $490.00
LEAST RISKY: NQ...ATR is 21.39 and (greatest) loss would be $427.80
...we'll very interesting...what do you think?....very surprising...yes, very surprising...I would really take this to heart as you are beginning to trade emini's...of course this is my opinion...what do all of you think???
WOW!...look at this...the least risky emini to trade is the...)drum roll please :eek: )...the NQ emini Nasdaq...let me explain...I am basing this off the ATR average true range per day and potential loss of 1 contract traded per day...
Okay here we go:
MOST RISKY: ER2...ATR is 10.67 and (greatest)loss would be $1,067
VERY RISKY: ES...ATR is 11.63 and (greatest) loss would be $581.50
RISKY: YM...ATR is 98 and (greatest) loss would be $490.00
LEAST RISKY: NQ...ATR is 21.39 and (greatest) loss would be $427.80
...we'll very interesting...what do you think?....very surprising...yes, very surprising...I would really take this to heart as you are beginning to trade emini's...of course this is my opinion...what do all of you think???
steve46
In theory you are right... however
the strength of ET (for newbies) is to have trade "ingredients" provided by seasoned traders like yourself and others here
...we are to take those "ingredients" and combined with time and preparation learn the art of trading -- quick and correct
..your charts are a help
..did I miss it, Apex post today ?
In theory you are right... however
the strength of ET (for newbies) is to have trade "ingredients" provided by seasoned traders like yourself and others here
...we are to take those "ingredients" and combined with time and preparation learn the art of trading -- quick and correct
..your charts are a help
..did I miss it, Apex post today ?
How many losers will you take before calling it quits for the day ? I personally only allow one loss and call it quits. I have found if I keep trading, I end up trying to revenge trade and usually screw myself.
The more risk the larger the profits... a double edged sword.
Took a bit of a longer weekend, needed to work on my tan...
Anyways, I was able to bank some out on the gap fill on friday and ended up getting stopped out at BE on the remaining contracts. I am currently short 1/3 of my puts from 1533.50. I will be getting out of those with any move above 1527.25
The bulls keep coming in and buying the dips aggressively. We got so close to the 1502-1505 area where a long term buy for a move to new highs was very probable. At this point.. its kinda tough. You want to lean to the higher degree trend.. up however, I am bearish as long as 1525 holds, its my line in the sand. I want more downside before getting to bullish, I dont like chasing the market here. I will most likely be on the sidelines until thursday/friday where the econ data picks up unless anything severe happens.
If you were able to get a long term long on friday, I suggest holding for a move to 1583-1610..
Where the ultimate top will be put in and we will most likely get a 10-20% correction. I know I sound crazy..... but I always plan ahead.Are these futures down tonight/morning because of the China news? I think we all know the odds are pretty good that the Chinese will shrug this off and keep this SSE charging to new highs... now to see if it can do it all today- now THAT would be bullish at least for tomorrow.
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