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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Quote from ammo:
add 04.75 avg 98.75 golddman pays me to post my trades here
1) You only add when the pattern hasn't changed, from the looks of it , it broke out, the pattern definately has changed.
2) ES Reverts to average a lot, but adding to losses is not the right mindset for good trading, just exit out and start with a clean mind for the next trade.
3) I'm short the ES, but thats only a hedge. Not my bread butter.
4) Market is dynamic, don't be attached to a certain bias, <b>in fact your bias should change as the market changes by the hour or whichever timeframe you are trading + a higher one. </b>
the next trade, needs a clear mind to capitalize.
BIAS is dynamic not static:
Imagine yourself as a tennis player or a boxer.
Opponent boxer => dynamic
You => Bias on the right side or standing in place.
The key to good game is, when the opponent moves one step, you move one step. Opponent moves 1 step forward, you move 1 step backwards. You can't stand in place or have one bias to the right side of the court, You will always lose like this.
- As an amateur boxer, I love to see a guy stand in place, That guy is DEAD SHIT in my eyes. A sitting duck. A person who doesn't move is a person I know where his next move. In place.
Game doesn't happen like that. Move with the opponent at the same time he moves!
Imagine yourself as a tennis player or a boxer.
Opponent boxer => dynamic
You => Bias on the right side or standing in place.
The key to good game is, when the opponent moves one step, you move one step. Opponent moves 1 step forward, you move 1 step backwards. You can't stand in place or have one bias to the right side of the court, You will always lose like this.
- As an amateur boxer, I love to see a guy stand in place, That guy is DEAD SHIT in my eyes. A sitting duck. A person who doesn't move is a person I know where his next move. In place.
Game doesn't happen like that. Move with the opponent at the same time he moves!
To help you out more a bit, not just in theory but
how to think and stay on the right bias:
monday , a. market opened higher, closed red .
b. WEEKLY charts now red from open, this is bearish
you = 100% Bearish on the market.
tuesday a. market went lower, still under weekly open = bearish
b. closes above weekly OPEN = semi bullish!
you = Not 100% bearish anymore, 50% bear, 50% bull
wednesday a. market opened above open , BULL
b. weekly bar = green , BULL
you = 100% bullish on the market.
thursday[To be seen] a. If market above weekly open = bull ?
b. if below weekly open = bear?
----------------
If past week = bull , then this week is 75% bull. Keep this in mind.
So thursday coming up tomorrow, what do you think is the more probably outcome?
I'm being nice becaue I learned from this board, In normal life, I would not help people 1 bit in theory and how to trade. This shit is not free.
how to think and stay on the right bias:
monday , a. market opened higher, closed red .
b. WEEKLY charts now red from open, this is bearish
you = 100% Bearish on the market.
tuesday a. market went lower, still under weekly open = bearish
b. closes above weekly OPEN = semi bullish!
you = Not 100% bearish anymore, 50% bear, 50% bull
wednesday a. market opened above open , BULL
b. weekly bar = green , BULL
you = 100% bullish on the market.
thursday[To be seen] a. If market above weekly open = bull ?
b. if below weekly open = bear?
----------------
If past week = bull , then this week is 75% bull. Keep this in mind.
So thursday coming up tomorrow, what do you think is the more probably outcome?
I'm being nice becaue I learned from this board, In normal life, I would not help people 1 bit in theory and how to trade. This shit is not free.
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