ES Journal Archive (2009 - 2010)

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Quote from MandelbrotSet:

Yep you couldn't have said it better ... right? :)
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Here's a good way to determine whether you are trading with the trend or counter trend.

1. When you are trading with the trend, your trades will have a tendency to move into profit in an extremely short period of time ... say 10 maybe 15 minutes tops.

2. When you are trading countertrend, your trades will have a tendency to not move into profit for a while. Your stops will tend to get hit with alarming alacrity, like here: Stops Get Hit when Going Long in a Downtrend
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I made my point in my post to you, just above. But again, as it seems you are a bit slow my friend, here it is for you: you can make money on both side. Period.

Now, you cannot make your point by pointing out only ONE Long trade I took today, because I took MANY long trades today, and I made money at the end overall just on those long trades.

See? your logic is flawed.

I won't lose more time responding to you unless you bring some valuable information to this thread.

Enjoy your day and good trading, if you do trade.
 
Nobody cares what you think, lol. Worry about your own trading (hindsight trading)
Some nice points made today as usual by real traders posting real time. Keep it up guys.
 
Quote from trackstar:

I have not criticized anyone in this thread, esp. with out something constructive to add.
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Every single post that I made criticizing what another trader was doing had constructive information in it.

You might want try re-reading them if you don't see it. :D

Quote from trackstar:

Bottom line is that I can patiently wait for a better price to short. I got squeezed on my short entries on Friday and Thursday. You will get squeezed on yours if you were short from this morning. I will take over your trade from there.
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I've already stated that I don't hold overnights ... so this "I will take over your trade" comment is just your ego blowing more smoke up your ass. :p

Unless of course you actually belive that our trades somehow interact with each other ... in which case you need a lot more help than can be given on a free internet trading forum!
 
Quote from pocketmoney:

Nobody cares what you think, lol.
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That's why your responding to my comments ... right? :)
Quote from pocketmoney:

Worry about your own trading (hindsight trading)
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Oh, I'm not worried about yours or your counter-trend trading cronies trading, you can trust me on that one. Pointing out the obvious errors in critical thinking of going Long in downtrends or going Short in uptrends serves the readerhship quite well, I think. :eek:

Quote from pocketmoney:

Some nice points made today as usual by real traders posting real time. Keep it up guys.
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With a name like pocketmoney it's pretty obvious what your priority is. :D
 
Quote from candles:

LOL.....Why are some of you feeding the troll!
Anyways, excellent trading as always guys.
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lol...you're right!
The monday morning quarter back shall be the 2nd person on the ignore list ;)
 
For those of you who don’t know, Mandlebrotset is JJ or Jimmy Jam. He has over 5k posts with just this new name and he has had several others. If you repond to him he will respond no matter what. Many of the pages of this journal are taken up with him arguing with one person or another. I will admit that he does give logical advice, but know ahead of time if you feel like arguing with him it will take up multiple pages and not really get anywhere. So I would suggest listen to him if you like his advice or ignore him.
 
thanks for that. I knew something wasn't quite right about him, lol! He is on ignore now. I suggest everybody else does the same.

This is a quality thread and there's no point in letting trolls with no proof of being able to trade, derail it. I dont get trolls though. Why would a grown adult waste so much time looking for arguments with perfect strangers on the internet!? haha.
 
Quote from MandelbrotSet:

Every single post that I made criticizing what another trader was doing had constructive information in it.
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MandelbrotSet, in general I agree with you and would like to thank you for your comments, but I think they would be much more helpful to many new traders if you make them somewhere in the beginning/middle of the day, not at the end, when all the trading is done.

Another couple of points, if you don't mind helping us out, or point out to your previous comments:
1. how do you define/identify a trend day?
2. how do you define a regime/trend change in the middle of the day, like today at 3? would you trade with the new up trend or still with the down trend?
3. What about v-shaped reversals?

thank you again.
 
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