ES Journal Archive (2006 - 2008)

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vol, it says something every 15 min bar....its tells me when run is over....doesn't that mean another run is beginning? there is always run up down horizontal.......
 
the beginning of new run is the zero point...end of old move beginning of new...that was what romik was trying to catch with his tests that he ran for so long...the problem is, you have to endure too many losses for most traders to stay with it...the psyche is rattled by the many small losses waiting for the big one with the big points...the longer the chart the fewer the opportunities to lose...the smoother the picture becomes the easier it is on the emotions... guessing what is next is not important at all and usually is a disaster more than not....creating a system that tells you when the highest probability "edge" is present is the emotional free ride, as it only generates system failure, not trader failure. And, if the system is very high percentage, it won't be wrong enough to hurt you, but, you must take every system signal that gives the high probability "edge". Cherry picking signals is discretionary trading which is exactly what the above system description is not. It is mechanical... make the system do the thinking, filtering false moves, giving correct signals most of the time..
 
Quote from osorico:

Actually it means Rich Bear in spanish...

A nick I aquired on the desk because one of favorite tactics was using upto 50% of my trading cap for shorting up. :) Back then the OTC was really fun! Now every idiot CEO complains about naked shorts.

Good trades to you
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merci boucoup, mon ami....
 
Quote from porge:

the beginning of new run is the zero point...end of old move beginning of new...that was what romik was trying to catch with his tests that he ran for so long...the problem is, you have to endure too many losses for most traders to stay with it...the psyche is rattled by the many small losses waiting for the big one with the big points...the longer the chart the fewer the opportunities to lose...the smoother the picture becomes the easier it is on the emotions... guessing what is next is not important at all and usually is a disaster more than not....creating a system that tells you when the highest probability "edge" is present is the emotional free ride, as it only generates system failure, not trader failure. And, if the system is very high percentage, it won't be wrong enough to hurt you, but, you must take every system signal that gives the high probability "edge". Cherry picking signals is discretionary trading which is exactly what the above system description is not. It is mechanical... make the system do the thinking, filtering false moves, giving correct signals most of the time..
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walk to the middle of the .... bridge and look into the river below.... and there lies the meaning of it all ...
 
by the way would that be the middle of the stream or middle of the bridge? or did u mean the side of the bridge? could u elaborate please?
 
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