ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Wave,

Everything that can go wrong with unintended consequence has gone wrong now with the latest gov actions.

I think the count down has started.

I get mid to late October in the time line.

 

[Eko_Trader]

Quote from Lawrence Chan:

Wave,

Everything that can go wrong with unintended consequence has gone wrong now with the latest gov actions.

I think the count down has started.

I get mid to late October in the time line.

Hey LC, what do you see as the catalyst for the crash down? You and wave are on another level

 

[Lawrence Chan]

Quote from flipflopper:

Yes, I beleive nodoji is for real too. She is the best trader. She work hard and now never lose trade. Maybe my post won't be deleted because it is pro doji!

Trading is like any other art form if you choose to trade discretionarily.

Artistic skills by definition take a long time to train, and more importantly, requires the person to fully emerge their personalities with their artistic expressions.

For some, it takes longer time like years. For others, it could be shorter.

Always happy to see traders mature to pro zone. =)

 

[HuggieBear]

Quote from Arjun1:

I want to let you know that I do appreciate you calling your trades and posting your blotters.
Lots of traders, new and experienced, can learn a lot from your patience and discipline which results in an extremely high level of consistency and extremely high risk adjusted returns.
No one on this site even comes close to your profit factor (although they may make more money due to larger size).

yeah seriously nodoji rocks, i'm definitely buying her seminar when it comes out or at least trying the free sample!

 

[Lawrence Chan]

Quote from Eko_Trader:

Hey LC, what do you see as the catalyst for the crash down? You and wave are on another level

We position ourselves with risk management as the most important part of the trading plan as entries is no longer an issue.

Well, less than many that I am proud of. -)

Many who posted here before are doing similar things but not happy with the scene and left.

The main issue we have seen in the stock mkts now can be summarized easily in a few points,

1. no more long term buyers - even pension trust funds are planning to raise cash for the in evitable wave of boomers withdrawal

2. distribution by old money - huge offer, not from shorts (as you can confirm from short interest reported) are selling and parking these monies somewhere

3. governments always do the wrong thing because it is done for popularity and votes - the wrong reason to start with

I posted about a crash like move coming in early summer back in March. It happened now.

Not sure what's next until this latest shock is absorbed and printing their next intentions.

 

[ChkitOut]

Quote from NoDoji:

Yeah I realized that lately. I'm not posting P/L any more. I post my trades because some here have posted trades for me or call their trades live and it was so incredibly helpful to me, I like to give back something to the discussion.

But you're right, how I trade is pretty basic stuff and it's been all laid out on the table for anyone interested and I'm likely not going to post any of it any more unless I feel something is of particular interest.

My improved ability to let winners run came from hundreds of hours of tedious hard right edge backtesting that built trust in my setups and likely targets. The dev 1.0 Keltner with 20-period EMA is a godsend as well for targets.

My size is relative to how fast I can jump into a trade and get a tight stop on

Today was a 5-lot day for the most part with 2/3 or 3/2 scale outs, because my stops were comfortable.

I have to take exception with jj69. Its obviously not your job but its a breath of fresh air around here to actually see how great trades are executed.

I happen to get a lot from your blotters and it has helped me tremendously. I hope you continue to share in the future.

 

[schizo]

Quote from Lawrence Chan:

We position ourselves with risk management as the most important part of the trading plan as entries is no longer an issue.

Well, less than many that I am proud of. -)

Many who posted here before are doing similar things but not happy with the scene and left.

The main issue we have seen in the stock mkts now can be summarized easily in a few points,

1. no more long term buyers - even pension trust funds are planning to raise cash for the in evitable wave of boomers withdrawal

2. distribution by old money - huge offer, not from shorts (as you can confirm from short interest reported) are selling and parking these monies somewhere

3. governments always do the wrong thing because it is done for popularity and votes - the wrong reason to start with

I posted about a crash like move coming in early summer back in March. It happened now.

Not sure what's next until this latest shock is absorbed and printing their next intentions.

I know what will happen next. I predict IMF will go bust in 2 years time. Moreover, FDIC will go broke at about this time as well. Hence, we're never getting out of this recession (for all the right reasons might I add).

The government bureaucrats are afraid of Lehman-like repercussion and decide to let the wound fester into a full-blown cancer. Well, they'll see which is far worse. Amputation or cancer.

 

[NoDoji]

Quote from Arjun1:

I want to let you know that I do appreciate you calling your trades and posting your blotters.
Lots of traders, new and experienced, can learn a lot from your patience and discipline which results in an extremely high level of consistency and extremely high risk adjusted returns.
No one on this site even comes close to your profit factor (although they may make more money due to larger size).

Arjun!!! You are my "next level" hero! I chanted your name during my morning meditation for months! I'll take more money/large size over profit factor any day

I just posted today on ycxc16588's thread:

Quote from NoDoji:

I used to gaze in awe at Arjun's P/L posts, every day two hours or less into the trading day he's posting 4- and 5-figure gains. He traded futures and I was struggling just to get myself out of the sim account and into the live account with a single lot of CL and ES. But I wasn't intimidated. I knew he was a human being sitting in front of a trading platform just like me and I knew that if he could do it, I could do it.

 

[flipflopper]

Quote from NoDoji:

Yeah I realized that lately. I'm not posting P/L any more. I post my trades because some here have posted trades for me or call their trades live and it was so incredibly helpful to me, I like to give back something to the discussion.

But you're right, how I trade is pretty basic stuff and it's been all laid out on the table for anyone interested and I'm likely not going to post any of it any more unless I feel something is of particular interest.

My improved ability to let winners run came from hundreds of hours of tedious hard right edge backtesting that built trust in my setups and likely targets. The dev 1.0 Keltner with 20-period EMA is a godsend as well for targets.

My size is relative to how fast I can jump into a trade and get a tight stop on

Today was a 5-lot day for the most part with 2/3 or 3/2 scale outs, because my stops were comfortable.

This is the scene where people who want to make easy money freak out and doji says don't worry I have a super secret chat room where I will tell you what I'm doing.

Stay tuned for the third act.

 

[NoDoji]

Quote from flipflopper:

This is the scene where people who want to make easy money freak out and doji says don't worry I have a super secret chat room where I will tell you what I'm doing.

Stay tuned for the third act.

It's not secret, it's Robert Weinstein's room he opened it when ET chat went down. They trade stocks mainly.

I rarely "hang out" there, because the window covers a good chunk of my futures charts. I drop in after the NYMEX close.

I was there early today and stayed most of the day because I was very excited to tell them that our ATS finally ran live today. There are some system programmers in there who've been following the well-over-a-year tale of our ATS-in-development and have been asking about it for some time now.

And no, we're not going to sell it.