ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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oi oi.. didn't render the nfp video from Friday..
if anyone wants real time proof whether trading is possible take a look at the vids.
1) pick your battles (setups)
2) stamina (reverse accordingly)
3) call it quits when a mortal daily blow is taken (daily stoploss)
4) take even more risk when you have the house's money (in profit/take more leverage for the day)
5) no opinions, but if you do, use risk indicators/MA's/trendlines/ to see the deviation from your opinion.
6) trade with a sound mind, trade when your mentally and physically alert.
7) don't force trades (ie parameters for better odds in place for the setup to work)
....
oi
if anyone wants real time proof whether trading is possible take a look at the vids.
1) pick your battles (setups)
2) stamina (reverse accordingly)
3) call it quits when a mortal daily blow is taken (daily stoploss)
4) take even more risk when you have the house's money (in profit/take more leverage for the day)
5) no opinions, but if you do, use risk indicators/MA's/trendlines/ to see the deviation from your opinion.
6) trade with a sound mind, trade when your mentally and physically alert.
7) don't force trades (ie parameters for better odds in place for the setup to work)
....
oi
daily cash...
trendline violation
MA indicating trend down to sideways...
trendline violation
MA indicating trend down to sideways...
Quote from volente_00:
pev (May 5, 2008 10:02:46 AM)
is this the famous volente?
Quote from volente_00:
pev (May 5, 2008 10:02:46 AM)
is this the famous volente?
A trend persists only if the conditions that started in the first place are persisting and reinforcing in nature...
meaning news events, and reinforcement of price cascade in the direction of the initiated trend.. ie support/resistance failure..
notice the previous historical ...behavior..
chart to follow.. site wont let me attach files.
<a href="http://content.screencast.com/media/46e915ea-2da3-41cc-aef4-b7c9f822a65b_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_05052008-141808.jpg"><img src="http://content.screencast.com/media/46e915ea-2da3-41cc-aef4-b7c9f822a65b_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_05052008-141808.jpg" width="1254" height="850" border="0" /></a>
meaning news events, and reinforcement of price cascade in the direction of the initiated trend.. ie support/resistance failure..
notice the previous historical ...behavior..
chart to follow.. site wont let me attach files.
<a href="http://content.screencast.com/media/46e915ea-2da3-41cc-aef4-b7c9f822a65b_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_05052008-141808.jpg"><img src="http://content.screencast.com/media/46e915ea-2da3-41cc-aef4-b7c9f822a65b_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_05052008-141808.jpg" width="1254" height="850" border="0" /></a>
Quote from Spectre2007:
oi oi.. didn't render the nfp video from Friday..
if anyone wants real time proof whether trading is possible take a look at the vids.
1) pick your battles (setups)
2) stamina (reverse accordingly)
3) call it quits when a mortal daily blow is taken (daily stoploss)
4) take even more risk when you have the house's money (in profit/take more leverage for the day)
5) no opinions, but if you do, use risk indicators/MA's/trendlines/ to see the deviation from your opinion.
6) trade with a sound mind, trade when your mentally and physically alert.
7) don't force trades (ie parameters for better odds in place for the setup to work)
....
oi
Good advice spectre, somewhere in market wizards a trader talks about getting out of bad trades as part of his training. The idea is to become conditioned to get out when you are wrong or when the market hits your uncle point. This is why demo trading is useful; it cuts down on execution errors. I like to put my hand on a hot stove to simulate drawdown.
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