ES Journal Archive (2006 - 2008)

[JimmyJam]

Quote from bighog:

Because at 0835 ct the first tick was 1442.50. -6 was 1441.00

1436.00 was + 5 handles.

Why complicate things? gee, i thought thisd was a ES Journal. Why ask commercial questions?
KISS

Here's an analysis of Bighog's system.

As you'll see, when the market trends in a single direction from the Open it works pretty well, and that's when he shows up and talks about his great trade.

When the market chops back-and-forth you just get chopped-up and kill your account.
***
Considering the fact that the market trades about 66% of the time and trends the other 33% of the time (roughly), the system might make a better fade than going with the breakouts. But I wouldn't know, I just wanted to see if there was really something to it (it would be easy to automated if there were), but there isn't.

Jimmy Jam

 

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chart 1

 

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chart 2

 

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chart 3

 

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chart 4

 

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chart 5

 

[romik]

Still here Porgie, working at McDs, reading your nonsense during breaks

 

[ryank]

Quote from JimmyJam:

Here's an analysis of Bighog's system.

As you'll see, when the market trends in a single direction from the Open it works pretty well, and that's when he shows up and talks about his great trade.

When the market chops back-and-forth you just get chopped-up and kill your account.
***
Considering the fact that the market trades about 66% of the time and trends the other 33% of the time (roughly), the system might make a better fade than going with the breakouts. But I wouldn't know, I just wanted to see if there was really something to it (it would be easy to automated if there were), but there isn't.

Jimmy Jam

I've kept an eye on his method (but didn't take notes like you did, great job!) and have come to the same conclusion. Might be better to fade than to follow the "breakout".

 

[porge]

McD job is beautiful. From top to bottom. Count blessing each day. seriously.....If you put Donald Trump by himself in front of computer and said learn to trade emini daytrading he would bomb out .. He can't accept failure and all for him is controlling his market.........works in his business, not in this one......my old boss had 28 million dollars....he bombed out...with programmers and all...for 5 yrs and he bombed....greed should not be a system rule.....happy days to you romik, McD or not.....

 

[porge]

breakout is low percentage...high risk...buying high selling low...daytrading eminis with that system is about 50%....or so...mediocre at best...for most....big stops required....for most....my boss believed in breakouts...read previous porgie post.....support resistance trading is better and it is mediocre plus a few..not the best...either.....some can do both or either profitably they just don't run in herds...because of the years/work it takes to perfect it........