ES Journal Archive (2006 - 2008)

Buy1Sell2 · Dec 29, 2006

Experiment with the breakout/breakdown strategy will be concluded after the current long trade plays itself out. --Even thought the system is profitable, I have determined that my method of divergence/grail utilizing reaction highs/lows is much more profitable.

romik · Dec 29, 2006

Quote from Buy1Sell2:

Experiment with the breakout/breakdown strategy will be concluded after the current long trade plays itself out. --Even thought the system is profitable, I have determined that my method of divergence/grail utilizing reaction highs/lows is much more profitable.

You managed to prove that even very simple methods carry positive expectancy, if only we humans do not interfere with the rules. Well done!

elbow · Dec 29, 2006

This forum has been very interesting, B1S1, will you remain here with your system trading live?

volente_00 · Dec 29, 2006

Quote from elbow:

Did you say "bout that time" @ what time and what price? I believe you are correct most of your calls. Do you trade real money or demo?

I posted that at 10:11 EST when ES was 1437. Even if you had waited til 10:30 your entry would have been 1436.

elbow · Dec 30, 2006

As i said most of your calls are correct. B1S2 has the better strategy, does he assist you. What time frame charts do you use, Volente. I use the 2min.

elbow · Dec 30, 2006

Volente please pm me if you are interested in mentoring me for a month or so to get me started.

volente_00 · Dec 31, 2006

I use 5 min only.
From what I have seen from your posted signals, why would you need a mentor ?

elbow · Dec 31, 2006

When entering the trades sometimes, my fingers freeze. I need help in that area. By the way, the 5 minute time frame is what all the smart seasoned daytrading professionals use. Why argue with success? Right?

brownsfan019 · Dec 31, 2006

Quote from elbow:

When entering the trades sometimes, my fingers freeze. I need help in that area. By the way, the 5 minute time frame is what all the smart seasoned daytrading professionals use. Why argue with success? Right?

Just curious... where is this information stating that seasoned pro's use 5 minute charts?

rateesquad · Dec 31, 2006

Yeah I agree, many good traders. Use larger time scales 30 min plus, to fin the trend. THen they scale out to about 1-2-3 min maybe 5 min. In order to trade. I mean everyone has their own, methods. Whatever works for you.