ES Journal Archive (2009 - 2010)

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Quote from austinp:

are we talking theoretically or realistically?

theoretically, seeing time & sales would help disclose what was taking place there, logic behind pullbacks versus breakouts, how much heat each trade was allowed to take before it worked, etc

realistically, there was no way in hell the poster booked +63pts ES and everyone here should realize that in a heartbeat. +6.3pts? Maybe. +63.0pts? No way in hell.

first of all, ES scalpers make the least amount of $$ per turn, they capture the fewest index points of all operators. secondly, if the poster had truly done that in real time with real money, the blotter wouldn't be begged for... it would be plastered all over this thread and elsewhere in posterboard size

classic example of why real traders don't post blotters in this site any more. why the P&L thread withered and died. the false b.s. claims and blatantly photoshopped pics of monster profits from guys who, "just found this site while looking for x... obtw here's my six-figure profit day blotters I just happen to have laying around..."

this is a message board. place where people visit, socialize and garner little tidbits, couple random pieces here and there of the 100,000 piece puzzle we call consistently profitable trading. some people find this as their only outlet for social acceptance amongst peers. others find it a source of entertainment and distraction.
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We went 30 down and 40 up with multiple 10 point noise moves in between. Do you not think a good operator could capture 50% of moves ?
If not, then back when we had lower volatility would you call bs if the same poster had sad he made 3 points on a 6 point range day ?

What is a believable amount to you of points or % of range one should be able to make in this type of volatility ?
 
Quote from emg:

based on the volitlity yesterday, will be going back to 1point profit target
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I'd hate to see what is needed for a daily ES range for you to target 3 points. 15% ?


:)
 
Quote from volente_00:



What is a believable amount to you of points or % of range one should be able to make in this type of volatility ?
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that will be classified as "user defined input"
 
Quote from volente_00:

We went 30 down and 40 up with multiple 10 point noise moves in between. Do you not think a good operator could capture 50% of moves ?
If not, then back when we had lower volatility would you call bs if the same poster had sad he made 3 points on a 6 point range day ?

What is a believable amount to you of points or % of range one should be able to make in this type of volatility ?
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not +63pts intraday by that poster with no blotter

have you been out in the sun too long lately? I'm a little surprised that a veteran of this board like yourself is asking such questions
 
Quote from volente_00:

Or it would bring the same folks out claiming bs and photoshop so I ask again.


How would posting a blotter make you a better trader ?
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a better question: how does random disgorging of profit performance stats with no other explanation or disclosure benefit anyone in any way?
 
Quote from austinp:

a better question: how does random disgorging of profit performance stats with no other explanation or disclosure benefit anyone in any way?
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One can make the same argument for this journal and message board in general.


Tell me one thing you have learned from this site that has made an improvement to your bottom line ?
 
Quote from austinp:

not +63pts intraday by that poster with no blotter

have you been out in the sun too long lately? I'm a little surprised that a veteran of this board like yourself is asking such questions
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And if he posted it he would have got attacked by those claiming bs and photoshop just like what happened to nodoji a while back when she posted her's.


As a contrarian trader, on chop days I have made more point wise than the daily range, sometimes double and even triple. Not saying it can be done everyday but when a trader is on point it is possible. My only point is with the expanded volatility the opportunity is there to capture some large point totals intraday.



So what's your answer to my question on what % of total daily range is possible for a good operator ?
 
Quote from volente_00:

One can make the same argument for this journal and message board in general.


Tell me one thing you have learned from this site that has made an improvement to your bottom line ?
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nothing... refer to my earlier post stating this is general entertainment and distraction. message boards are designed for social interaction and entertainment. the more they offer of that, the more viewership they attract. ET is unparalleled in that niche for traders. entertainment weekly

but someone else discussed learning & benefit, you questioned that directly. I replied accordingly.

back to the point: random claims of +63pts ES intraday from "scalping" with no detailed explanation or proof is merely entertainment and not one whit more. Might as well post +103pts for today... exact same benefit to all others. Zero.
 
Quote from austinp:

not +63pts intraday by that poster with no blotter
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Actually, it was that 31 pts in the last hour that caught my interest.

I post an actual time-stamped trading blotter showing 45 pt gain on the second most volatile day of the year, a day where there were individual 5-minute bars with 10-15 pt ranges, and I get an entire thread calling bullshit on me.

All I want to see here (and the trader in question seems to have no problem posting partial blotters and calling trades in CL Redux, so it can't be a real big secret) is how he captured 31 pts out of an hour-long 14-pt move.

I find this to be a stunning feat of technical trading prowess.
 
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