ES Journal Archive (2006 - 2008)

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Quote from increasenow:

what is the rule of 100 or 1,000?
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I will let v explain it, or perhaps you could search it under his posts.

The rule of 1000 which I would say is not mine, is that the psychology of the market makes the ym and cash dow levels at each 1000 level strong support which then can turn into resistance.

I am proposing a new unrelated rule to the markets but to the ES journal, the rule of J10. We should try to keep the journal under 10 pages a day of posts. :) (my link was at page 3644 and now its at 3654 today)
 
Quote from jagmot:


I am proposing a new unrelated rule to the markets but to the ES journal, the rule of J10. We should try to keep the journal under 10 pages a day of posts. :) (my link was at page 3644 and now its at 3654 today)
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Go to your account

edit options

Set posts per page - 40


ALSO

Create a internet shortcut on your desktop or start menu.
Right click - properties

cut and paste this line under url:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=64965&perpage=40&pagenumber=9000

it will take you to the last page on ES jounal in a single click
 
Quote from fearless9:


I talk to nobody about what I do nor how I do it. The procedure is totally electronic.
Trust me when I say there is nothing social about what I do.
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Do you post on this website or are you talking to yourself? Have you ever read a book on trading or did you make it all up? Life is relational, we are social creatures, and many if not most of our actions are learned whether we sit at a computer by ourselves or teach in a classroom. The notion that the problem with one's trading is inside their psyche is crap. It is a skill that is learned just like one learns to play the piano or play football. However, people differ in their genetic abilities to accomplish greatness whether in trading, playing the piano or football.

All The Best, DMartin
 
Quote from volente_00:

I was just curious because I came across it from searching for correlations in the Dow back when I used to trade WMT in late 90's. I mainly thought it was attributed to programs going off at those levels. I never said I invented it but I was the first to ever post about on ET long before you posted on ET. Why do you think it has not been talked about in any trading books ? What do look for confirmation, the reason I ask is more often than not the signal shows up at extreme spikes up or down and if you don't pull the trigger you end up chasing the move. My biggest flaw with the signal is on trend days but on chop it is high probability $.

:D
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authors of books are writing books for a reason.....to make money because they can not in the market place,douglass is the exception imo.

i basically need a confirmation on the 10/100 rule such as a fib,trendline,confluence etc.....the more confirms the bigger the bet because the odds are skewed in my favor.
i know you were joking but when you said you`d have your lawyer call me......obviously you had the patent/invention rights to it as pertaining to him contacting me.....lol

agreed on those trend days.....that`s why i walk away more often than not because of my CT nature....similar to the way the locals trade.R/R is terrible for my style on trend days so i`m better off doing something fun & come back the next day rested.
any astute trader that sits here day after day would pick up on the 10/100 rule just as you did.

the one thing that i claim to have come up with is the rule X2 & X3...that i have never heard from anyone but just through analysis on hi vol day.......the days i prefer without a doubt.:)
 
filthy move taking out those stops at 45.25......that`s exactly where i would`ve placed it had i been long.

bulls still in trouble in imo.......diamond measurment is doown to 25/26 & a target for bears to shoot for.
looking like every lift is a gift down to that target.
 
Quote from Spooz Top:

authors of books are writing books for a reason.....to make money because they can not in the market place,douglass is the exception imo.

i basically need a confirmation on the 10/100 rule such as a fib,trendline,confluence etc.....the more confirms the bigger the bet because the odds are skewed in my favor.
i know you were joking but when you said you`d have your lawyer call me......obviously you had the patent/invention rights to it as pertaining to him contacting me.....lol

agreed on those trend days.....that`s why i walk away more often than not because of my CT nature....similar to the way the locals trade.R/R is terrible for my style on trend days so i`m better off doing something fun & come back the next day rested.
any astute trader that sits here day after day would pick up on the 10/100 rule just as you did.

the one thing that i claim to have come up with is the rule X2 & X3...that i have never heard from anyone but just through analysis on hi vol day.......the days i prefer without a doubt.:)
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Im a newbie and i have to say i have read about 40-50 trading books. However, i came to the conclusion 3 months into my training that any book giving you rules how to trade never made me money.

Some books are great at giving you the basics like Fib, trendlines, pattern recognition. However, none can give you exact rules which work without the user having to adjust many parameters. Also, some books are great at giving you an idea that money management is the most important factor in trading and certain rules for risk exposure.

I am starting to become consistent in my trading last couple of months, the system i created is a set of rules and parameters - hardly any of which i have seen discussed in any book. The only book i really used for trading method was Markets in Profile (best trading book imo).

Like Spooz said, if these guys idea worked all the time then they would not be writing books. I don't mind as long as the author is upfront that ideas must be devolped by the user and the book only gives a framework.

I think any individual who wants to prosper in the markets will only do so after much screen time and much thought into creating a trading style.

I still find my brain is my own biggest enemy, and like Spooz i find trend days very hard. Even though i have outlined parameters which keep me with the trend - due to my nature of being a counter trender and constantly viewing the R/R i find it hard entering on trend days - i am constantly concerned about my entries on these days. I have lost my head in the past on a trend day, fighting it till it took me out, now i try to scalp a few entries wiht the trend and sit on the sidelines.



I still have much to learn, and i really need to rewire my brain but i think success in the markets comes to those willing to work hard enough and immerse themselves completely with the ebb and flow of this auction process.

Also, long from near lows of the day.

:D
 

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Quote from dmartin:

Do you post on this website or are you talking to yourself? Have you ever read a book on trading or did you make it all up? Life is relational, we are social creatures, and many if not most of our actions are learned whether we sit at a computer by ourselves or teach in a classroom. The notion that the problem with one's trading is inside their psyche is crap. It is a skill that is learned just like one learns to play the piano or play football. However, people differ in their genetic abilities to accomplish greatness whether in trading, playing the piano or football.

All The Best, DMartin
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I can only offer an explanation as far as my abilities take me.
The rest is over to you to take out of my posting, what you will. Something or nothing at all.

Here goes.....

When I trade, I trade.

I do not learn, I do not concern myself with news, ET, the sky, the weather, what the YM or NQ, or DX is doing.
I have no original thoughts in my head, I simply trade exactly as I have taught myself to do.
The market acts, I recognize the pattern and I react immediately.
There is no time to think. I am simply not that quick.
The market acts again, I do not recognize the pattern so I do not react.

When I am NOT in trading mode, I watch the market and learn. Can I see more patterns. How late can I time my trades before the rolling wave of volume sweeps me along.

I do not try to do anything when I trade other than watch,listen (I have T&S filtered volume on speaker) and react.

I take my quota of net tics for the day only when I am trading.
I do not dick around when my mind is NOT in trading mode.

I cannot do two things at once.
I cannot trade and think of the social interactions of buyer & seller.
I do'nt give a damn quite frankly.

I do'nt care what sort of day it is, inside, outside or upside down.

I dont care about the rule of 10, 10am or 10 points.

I cannot see points, I only see tics.

I only trade a part of the ES RTH morning, simply because that is ALL I am trained to do.

I trade ONLY for money.
When I am NOT trading I do all sorts of things for all sorts of reasons, but I trade ONLY for money.

OK, that is more or less the extent of my explanation and indeed my interest.


What you take out of this is your affair.

regards
f9
 
Quote from fearless9:

I
When I trade, I trade.

I do not learn, I do not concern myself with news, ET, the sky, the weather, what the YM or NQ, or DX is doing.
I have no original thoughts in my head, I simply trade exactly as I have taught myself to do.
The market acts, I recognize the pattern and I react immediately.

regards
f9
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I like what you are communicating here. When I work in the yard I work in the yard. When I play the piano I play the piano. As you stated: “I do not concern myself with news, ET, the sky, the weather, what the YM or NQ, or DX is doing” and that is pretty much what I would be doing when I am trading.

I suppose the point I was attempting to emphasize is trading success is not in one’s having the correct mental psychology. We hear the local trading gurus and they make the point ad infinitum how if one just masters their internal demons they will be blessed with riches. I am a psychologist by training and from my vantage point that is simply not true. Granted, excellent traders have less emotional interference and baggage (at least in the trading world) but they also have better risk management and the genetic makeup of specific skills, aptitudes, perceptual and motor skills for trading that in a very real sense they were born with. They obviously have to learn these skills and hone these through intensive practice and exposure but not everyone has these types of abilities just as not everyone has the ability to play in the NFL or become a surgeon.

Anyways, thanks for the conversation.

All The Best, DMartin
 
Quote from dmartin:

I like what you are communicating here. When I work in the yard I work in the yard. When I play the piano I play the piano. As you stated: “I do not concern myself with news, ET, the sky, the weather, what the YM or NQ, or DX is doing” and that is pretty much what I would be doing when I am trading.

I suppose the point I was attempting to emphasize is trading success is not in one’s having the correct mental psychology. We hear the local trading gurus and they make the point ad infinitum how if one just masters their internal demons they will be blessed with riches. I am a psychologist by training and from my vantage point that is simply not true. Granted, excellent traders have less emotional interference and baggage (at least in the trading world) but they also have better risk management and the genetic makeup of specific skills, aptitudes, perceptual and motor skills for trading that in a very real sense they were born with. They obviously have to learn these skills and hone these through intensive practice and exposure but not everyone has these types of abilities just as not everyone has the ability to play in the NFL or become a surgeon.

Anyways, thanks for the conversation.

All The Best, DMartin
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Well, we got there in the end.
We are on the same page.

To me, trading is simply the sum of the parts, correctly executed and balanced.

There exists a tendency in some, particularly those with mathematical firepower, to attempt to greatly reduce risk as they are not equipped to handle it and for reasons of their own, they shrink from the challenge.

Others are reckless and ignore the odds as they feed their impatience and ego.

Like all great endeavours in life, some will do very well, some not so well and most will fail.

It is all to be found in the sum of the parts and the balance IMO
 
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