never short a quiet holiday market, especially on nfp day.
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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Just a matter of time before you blow up. GL with that strategy.
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Time will tell. Remember there are 1000 different ways to play the market. You do it your way I do it my way.
btw. luck has noting to do with my strategy
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Time will tell. Remember there are 1000 different ways to play the market. You do it your way I do it my way.
btw. luck has noting to do with my strategy
Quote from saxon22:
Time will tell. Remember there are 1000 different ways to play the market. You do it your way I do it my way.
btw. luck has noting to do with my strategy
I think he is just pointing out that it seems counterintuitive to have your stop twice as far as your profit target. You have to have a really high win rate for that to work out statistically. I wouldn't mind hearing your rationale for it.
Quote from opt789:
I think he is just pointing out that it seems counterintuitive to have your stop twice as far as your profit target. You have to have a really high win rate for that to work out statistically. I wouldn't mind hearing your rationale for it.
exactly... were talking 98% or better. I have some systems like this and they are profitable but a string of losses cleans you out. I sure as hell would not be short today... this market looks ready to pop
Quote from apex82:
Stopped out for -1.5 market looks good to go to upside but I am not taking any new positions due to the spikes and risk.
still long unit 3 from 1530
I am on the sidelines until we can get a pullback allowing me to jump back on board with minimal risk.
moving trail stop up to 1537.50....
I missed the long on the pullback being conservative waiting for the es to make a new low after that first drop... happens. Lets see if we can get this thing to breakout. Its in the meat of resistance. If we can get above here we could see a big move. Until then I may look at taking shorts..
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