L
Lance Carson
Limit Sell 1450.00
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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from romik:
Having faith in a set-up is one of the most important aspects in trading, it might not work today, but if it works more often than not one has to stick to a plan. Otherwise there will always be question marks, bullish or bearish now? I feel that I will end up with 3 losing ES trades today & 1 winning trade in another market, nobody seems to be interested in taking out support to mark double top.
Romik-
I agree.
"You must develop a rules-based system to determine when the instrument you are trading is at a lower-risk entry point. You must focus on mathematical probabilities. There are situations where the market goes three standard deviations instead of two. Based on the likelihood that 98% of the moves will stop at or near two standard deviations, I'll take that bet any day of the week. And, if I am wrong, I am going to use risk control and stop myself out X dollars or % away. That is the most critical element."
Buy1Sell2 has given insight into how to ride a trend to the max. You can accumulate a nice pocket of coin even with conservative leveraging this way.
Quote from romik:
This might be a stupid question. How can different international markets react to key US data release simultaneously & in unison? If they were simply following US, then it couldn't have been that perfectly timed. Any info?
The Global markets are heavily integrated at this point (and becoming more so with each passing decade).
While this has been true for quite sometime, with the instantaneous transmission of all information in a 24/7 electronic communications system, the markets are, as we are observing here, more like different branches of one tree more so than seperate entities.
Just a theory.
JJ
On a side note, another poster noted that this weekend that I had a higher number of posts, and wondered when I found the time to trade.
The only real strength a retail trader has is the ability to pick their spots, and whereas once I may have made ill-timed trades just to get some action going (yep, freely admitting to it) this board provides a good distraction from the markets and the desire to "have to be in it", and in doing so, it is actually saving me a lot of wasted trades (not to mention loot).
Good trading,
JJ
The only real strength a retail trader has is the ability to pick their spots, and whereas once I may have made ill-timed trades just to get some action going (yep, freely admitting to it) this board provides a good distraction from the markets and the desire to "have to be in it", and in doing so, it is actually saving me a lot of wasted trades (not to mention loot).
Good trading,
JJ
Quote from JimmyJam:
The Global markets are heavily integrated at this point (and becoming more so with each passing decade).
While this has been true for quite sometime, with the instantaneous transmission of all information in a 24/7 electronic communications system, the markets are, as we are observing here, more like different branches of one tree more so than seperate entities.
Just a theory.
JJ
But in that case it shouldn't be that hard to interpret reaction to data. But as all here know reactions are mixed most of the time. I could understand if other markets were to monitor & follow S&P/NAS, but they seem to react instantly & in the same direction as the US futures.
L
Lance Carson
SOLD 1448.75
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