ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from porge:

jj,

Still no specific rule to make money. Just more whine and cheese.
More...

... that's because after all that work, I wouldn't tell you anything, porgie, uh, quicktrader, er, babytrader, insert next pseudonym

... which on top of the above, you've made claims that you are actually porgie's brother, cousin, uncle, etc.

I sincerely hope you don't expect anyone to take you seriously, I know for a fact that I don't

JJ
 
bighog,.

Okay I will get off your case. I am old and a little cranky. You say a lot of common sense things that tell me you are a real trader ....if not, then your business....the 8 screen comments are golden.... so true....same for multiple indicator lines....a few can be the goldmine...for mechanical system....but too many is same as all else....looking at other markets is lala land trading ..too much stuff does things to mind and emotions that can't be present for best trading environment. Just like the extremely low percentage stuff....I am ready to pull the trigger...heart racing, hand shaking, but the checklist is long, as i go down it very quickly to see if all ducks are lined up...one little duckie is going the opposite direction, much less just out of line with other ducklings............only takes one to ignite enormous fear ....fear causes hesitation......low percentage system on top of that says huge chance it will be wrong even at it's best ......the only way to not be in that predicament is to work like a dog for a long time, very hard, with enormous passion , and you might be in the 5% that make it.....but wait, what about the many who work for corporations...trading companies....wow....5% just got lowered...carry on bighog......weekend is key to this but still realtalk....maybe u will get booted with me this time....
 
Seriously put up a daily chart and then a 1 minute chart below it. Take off the price axis. Can you notice a difference? NO. The patterns are the exact same on a daily that you will see on the one minute. I simply use other time frames to asses the probability of a pattern happening on a lower timeframe and put the odds in my favor. As far as odd timeframes, I usually use them to split the days price action into an even number. There is not secret there..

The only real difference between a position trader and a daytrader is the size of the stop and profit target... The higher time frame you go the more room you have to give.

90% of people think they are right in this business, this belief is apparent in porgies and bighogs posts. They think whatever they are doing is the only way to trade and everything else is complete BS and will never work. It is only natural, its our beliefs. When someone challenges what we view as the truth we must defend it. I would say dont listen to anyone until you have put in the blood sweat and tears to have the confidence to execute a strategy that you believe in.

I really hate the term discretionary trader. It comes off as trading from your hip. The reality is, trading is a probablities game. The better your probablitiy the more consistent you will be. Its the accumulation of edges that is going to give you those probabilities. Why not make a plan of the trades that give you the best probabilities. Then you as a trader can rank the trades in your plan and adjust size accordingly determined by the amount of edges it has going for it.

To me, it seems that B1S2 has criteria for a trade and then asses the situation to see if it is time to execute or not. This is what I mean by discretionary trades. You trade a strategy systematically.

Thanks K Rock for the comment. I wasn't sure if I should just stop posting.
 
Quote from Van Halen:

It is a shame that a good thread like this is deteriorating into a pissing contest.
More...

I agree. I am liberally using the ignore button on those frequent posters with no substance in their posts.
 
porgie

HA, i have never been booted but anything is possible. My other nickname is batterup that i use in chat, the reason i use a different nick is because during the trading day i never went into forums. The pc with "batterup" is a separate pc thus the separate nick... :) that pc is my charts pc, and this pc is misc pc, e-mail, web browsing etc. Order entry machine is that and that only.

Rest assured folks, when mkts are open i will not be calling for apex to "Will the real apex standup", he knows he is a sim trader and thats what he should admit to like he did in chat. A sim paper trader and a trader with real money on the line is different in one major way....that is a real trader can explain real tactics etc as they have happened in the mkt, not on paper. In chat, those that focused on apex trades were quick to point out that the bid and ask used as entry or exit were buying the bid and selling the ask, that is bogus. Stops were never called out, WHY?, because apex uses what we all know is a flawed tactic, when a STOP LOSS, should be taken. O, NO, apez wants to double the stop loss distance and add-on, then guess what happens when in chat the next loss area was hit? ..........RIGHT. give the trades another 9 yards to hang yourself with another add-on also. Folks, thats suicide. He is trying to teach a surefire way to implode the budget. Surely your wife would understand that you just tripled down a loser. SAD BUT TRUE. Now be advised..........a strategy like that work on paper now and then........but in real world trading my friend.......you are chopped liver as i and others take that bacon home.


OK, thats it, no more on apes, if anyone wants to follow him , fine, but be advised, YOU HAVE BEEN WARNED. BYE Apex, you can be relived for now, , i will grant your wish to leave so now you can continue on with strawman razzle dazzle to new folks . Be advised that i know you are a bad apple. .. :p
 
JJ, it was obviously joke due to the SN of the previous poster, BruceLee. Get it?

And your re-posting of my admittedly OT post, has exactly what to do with strategy development?
 
Hog just leave, you sound ridicolous. I wake up everyday at 4:30AM to get ready for the trading day, stay focused all day with a little break during the lunch session for sim trades..... I laughed out loud when I read that. Go trade some more 1 lots and leave this thread alone. You have contributed nothing but bullshit false statements about me. I am sorry I have probably hurt your feelings in the past but you need to get over it and stop taking away from this thread. Im done, I dont have time for your whining. You are on ignore.

Lets get back to trading. Looks like some good oppurtunities this coming week.
 
Quote from porge:

If someone can give me one good trading rule that has been gained from this forum, I will applaud them and apologize. Not some penny ante trend is friend junior achievement stuff. even though truer words were never spoken......
More...

Rule of 10

10:30 reversal

50% retracement rule

T day theory.


:)
 
Status
Not open for further replies.
Back
Top