ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

A trader posting stops is like a poker player showing his hand. No thanks!! :)
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Ridiculous. No one is going to go after a few contracts. Now, if you're one of those guys who's trading with a 1-3 point type of stop (I don't know if you are or not), then you're bound to be hit frequently just because of noise.

But if you're truly that paranoid, just post a wide stop. You can always get out before it hits that stop can't you?

OldTrader
 
This is a 1m chart that 'made me' decide to cover 50% of 1/3 initial short position, on the other hand 10m histo was still pretty bearish, uncertainty of outcome of 1m's potential bounce lead to that 1/3's 50% cover.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1951556>
 

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Quote from Leonidas:

I've got you down as a shit talking douchebag. Let me know when you've realized the level of your douchebaggery.
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A pity you feel that way, especially seeing as how you didn't know what the hell you were talking about right here.
Quote from Leonidas:

Watch for the open price (1364.50). Every time it gets down there it encounters a lot of buying. So, if anything there may be a bit of accumulation here at those levels.
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So much for you having a fucking clue. :p :D
 
Quote from OldTrader:

Ridiculous. No one is going to go after a few contracts.
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Exactly. People who think like this have no idea of the money these guys have. If they're "running stops" it's at a commonly known level where they know a large, large group of stops will kick in and push the market in their direction.

I have no idea what it takes to run a stop level in the Spoo, but I'd guess it's pretty significant size. 1000 contracts? More?

The guys who sling that kind of size don't give a shit about anyone posting here.
 
Quote from Leonidas:

Exactly. People who think like this have no idea of the money these guys have. If they're "running stops" it's at a commonly known level where they know a large, large group of stops will kick in and push the market in their direction.

I have no idea what it takes to run a stop level in the Spoo, but I'd guess it's pretty significant size. 1000 contracts? More?

The guys who sling that kind of size don't give a shit about anyone posting here.
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I tend to agree with this, AH is a different matter though.
 
Quote from OldTrader:

Ridiculous. No one is going to go after a few contracts. Now, if you're one of those guys who's trading with a 1-3 point type of stop (I don't know if you are or not), then you're bound to be hit frequently just because of noise.

But if you're truly that paranoid, just post a wide stop. You can always get out before it hits that stop can't you?

OldTrader
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even if one is trading just 1 contract, it is a bad habit. Posting trades period is rather silly, in my book. This journal works best when ideas are exchanged/debated. Jmho.

I don't trade the ES with tight stops (B1S2 and I are in agreement in this). I don't scalp with the ES. Good luck to you.:) :
 
Quote from smilingsynic:

A trader posting stops is like a poker player showing his hand. No thanks!! :)
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I'm sure the big players are reading ET and waiting for you to post your stop so they can blast it. :p
 
Quote from OldTrader:

I think we all know that paper trades, hypothetical trades, analysis, etc. is all different than a real trade.
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Agreed. I hate paper trading, although I understand it is necessary for people who have less than 10k in capital when testing out a new system. Unfortunately, they probably just shouldn't be trading, but that is a different story.

I'm currently testing out a system in GC but I would rather use real money and just trade 1 contract.

Quote from MandelbrotSet:
If we're going to get into the "rules" thing, that would be the wrong place to go, as B1S2 is constantly breaking his, but I try not to sweat him to hard, because he has given far more than good than bad in this place.
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Not asking for rules, I'm just asking that if you make a paper trade please include that with the post.
 
Quote from MandelbrotSet:

A pity you feel that way, especially seeing as how you didn't know what the hell you were talking about right here.

So much for you having a fucking clue. :p :D
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1. I never said the market would stay above that point for the rest of the day. I said there were a lot of buyers at that level, which was true.

2. I'm a scalper. I'm in and out of the market faster than you can blink sometimes. That was a significant level. When it finally broke, momentum kicked in and the selloff began.

Guess who was short after that opening price broke? Guess who scalped it all the way down? Me.

You have still failed to define why you thought the market was distributing, by the way. At least I explain what I'm thinking.
 
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