ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Anybody can enter on it, but how do you manage it?

For example today's short at 1410. How did you know if it was going to drop 10 points or turn back after 5 ????
 
Quote from Pekelo:

Anybody can enter on it, but how do you manage it?

For example today's short at 1410. How did you know if it was going to drop 10 points or turn back after 5 ????
More...

Thank you Pekelo!:)

Rule of 10 and Tday theory are singularly useless and insignificant.
 
Quote from Buy1Sell2:

Thank you Pekelo!:)

Rule of 10 and Tday theory are singularly useless and insignificant.
More...
Um, LOL

In regards to yours and Pekelo's comments, they are theory it is in the execution that the
trade(r) makes their money.

Good trading to all. :)
 
Quote from Buy1Sell2:

Thank you Pekelo!:)

Rule of 10 and Tday theory are singularly useless and insignificant.
More...
it's hard to believe in such a simple theory that has no fundamental or ta basis but u have to admit it works a very large percentage of the time,uncanny
 
Quote from Pekelo:

Anybody can enter on it, but how do you manage it?

For example today's short at 1410. How did you know if it was going to drop 10 points or turn back after 5 ????
More...




Experience from watching screens for nearly 10 years?




I don't know 100 % , but there was a high probability that the gap would fill on cash and es ~1404 would back fill. All I can do is take the signals using a firm stop and let the probabilites work out. I never know if the signal will give 2, 10, or 20 ? That is why I will almost always scale out some to gaurantee a profit on the trade regardless of the final outcome. If I tried to make 10 points on every trade on the full position and was stubborn, I would end up with a bunch of stop outs like b1 does.
 
Quote from Pekelo:

Anybody can enter on it, but how do you manage it?

For example today's short at 1410. How did you know if it was going to drop 10 points or turn back after 5 ????
More...
with stops,same as any other trade
 
Status
Not open for further replies.
Back
Top