ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Right now I am pretty much at break even on my overall position (13th attempt so far). I am hoping for a resolution to this consolidation period one way or the other. This method is at its most advantageous near the all time highs/lows. I would not (edited 
) say that I am a complete imbecile in respect of TA analyses, but how many people are certain of the outcome near the extreme levels, until it breaks certain levels & sustains them market can go either way right here.
) say that I am a complete imbecile in respect of TA analyses, but how many people are certain of the outcome near the extreme levels, until it breaks certain levels & sustains them market can go either way right here.Quote from romik:
Right now I am pretty much at break even on my overall position (13th attempt so far). I am hoping for a resolution to this consolidation period one way or the other. This method is at its most advantageous near the all time highs/lows. I would not (edited
Romik, it seems like you are experiencing murphys law as soon as you tried this new strategy. That is apparent with any new system etc, most likely the worst drawdown starts the first day. I dont know why, its just always seems to happen. You picked a hard time to start this. We are in a multi-month consolidation. It is going to break out very soon, and in a big way. Hang tight
Hehe, I was counting more on beginners' luck
I recall the ole days running a business, a drawdown/breakeven could last the whole summer period, that's when undercapitalized business owners would either start reducing costs substantially or considering closure, I knew the business was good & very competitive & having a surplus of $ in the bank as a 'cushion' I knew I could ride out those times.
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