2 questions...what is impulsing market....what is 10 to 1 risk reward ...come on traders......i like 1 to 10 risk reward better...also, i want to invest in some of these great systems where do i sign up...a blind monkey could see the down move this morning...es nq helloo..if ur system did not give that to you early place it forcefully into file 13....I am viewing your es market with my system....absolute no brainer today and every other day....jj.....all it did today was run....no real chop only run....I am going to advise brother to come in here and help me straighten the rocket scientist traders out....truth is painful...quit leading new traders astray...you ought to be ashamed...saying ya I didn't mean today...sure....
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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-The call for a down move was before the market even opened
-You know what I meant by the risk reward
-Impulsing market is an amazing phenomenon that occurs about 5-8% of the time.
-Obviously we are not going to get a 5% correction in one day... com on
-Please make a call for tomorrow instead of blabbing about nothing that does not make any sense....
a real emini daytrader does not give a hoot about what the first last or middle 3 days might do? at least that is what my 22 yr experience broker told me...she said buy the dips sell the rallies.and by the way, she also said "the trend is your friend"...she works for huge trading company....she does not trade the "impulsing market" my brother is still laughing at that term...i give him the comical stuff each day...he said today "george, ur system did it again"...100%...3 trades for all the gold...your es was too easy today...even easier than my nq 100% stuff........smoother...does smoother mean anything to you guys? let me guess...NO....IF U SAID NO, GO BANG UR HEAD ON DOOR 3 TIMES...I FEEL SORRY FOR THE DOOR.
====================Quote from Buy1Sell2:
Folks, I am basically a turtle type trader with my own ideas about entries and exits. The main difference is that I am in trades much earlier than they were(are) as I don't only buy breakouts like they do. Typically if I am buying a breakout, I am already in with my initial salvo. Secondly, I also know that less trading generally nets more long term profits.
. However, if you are always trading in the direction of the longer trend, it is very very difficult to get whacked overnight, especially if not overextended.
Edit: Not saying you can't make money daytrading, just indicating why my preference is longer term.
Buy1sell2;
me2
Like swingtrading stocks some;
I am basicly a turtle type trader also.
However I know the CME/CBOT knows more about risk than i or most traders;
so the idea of more margin /overnight IN ADDITION to &70,ooo risk per contract just doesnt appeal to me.
Agree generally more money can be made that way but drawdowns usually are more. So prefer to selectively daytrade ES.
So i am sure not a intraday scalper, LOL; hour candle charts...;
almost never enter a trade last hour [ best trends take time], but may exit in last few minutes. Besides i was born in 1955, drawndowns & cold weather arent quite as fun as it used to be. Right porgie???
That article where he is against scaling out , fine & good;
but him shooting for 10 points or 5 but especially 10 points in ES he gives up FREQUENTLY more profits than i would, he likes drawdowns more than me.
Take your time, take your time;trends take time
Trends always start at an absolute, if you can get in on a 1 minute and manage it, you are sure to catch the trend reversal or continuation.
bsparky,
How will you know you are on the correct bar...???? Sometimes the bar we are looing at right now looks like the bar before and the bar after, so how do we know which one to lay our money on for the turn? You are correct, there is always a zero starting point....called apex.....last point of old run and first point of new run......wish you well....
How will you know you are on the correct bar...???? Sometimes the bar we are looing at right now looks like the bar before and the bar after, so how do we know which one to lay our money on for the turn? You are correct, there is always a zero starting point....called apex.....last point of old run and first point of new run......wish you well....
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