ES Journal Archive (2009 - 2010)

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Quote from Michael.jstocks:

what if i dont wanna be taken out of a profitable trade by a few points of noise? You need to understand that the 90% of losing traders all trade like YOU!
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then post whatever stop you use. or post whatever disaster exit you use. OP stated numerous times that posts without reasonable stops are disregarded for integrity of thread.

three points profit and ten points stop keeps you out of noise. it also ends career of 100% losing traders who learn lesson of stats the hard way. many learned that just yesterday
 
Quote from Michael.jstocks:

The trading police are teling people how to trade, lol. Not everyone uses the same method to take money from the market.
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wrong. simply tell us how you take money from the market. entry - protection plan - exit when done. repeat process. tally results. see how simple? see how easy? wonder why everyone fights such tooth n nail? riddle yourself that
 
Ain't nothing wrong with that as long as there has been no heat sustained during the holding period. Only the FED is allowed to have no stop. The ones scaling in also need to state where their stop is.

Quote from Michael.jstocks:

OK, Fine. But just so im not missing something and being terribly stupid.
Can you tell me what can possible be bull$£%" about a post where one says:
"Long here at 1025" (and i look at the ES price and indeed that is the price)

and then 10 mins laters the same poster posts:
"Covering here at 1028 for plus 3"
(I then looks at the ES and the price is indeed 1028)

I dont understand what more someone can do??
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I don't dispute buy the dip method, I don't dispute any method actually, what bugs me in a big way is when people disregard risk because market will bail them out. I've read in a koolaid monthly that this type of attitude can wreck people's lives in a heartbeat when markets turn.
 
There is an imperfect dragon happening.

2dkzj1s.jpg


1080 to 1036 to 1066 (H=30).
66 to 41.5 to 1059 (17.5, 2.5 extra).
59-30=29

This agrees with the ~20pt triangle that broke down at 1050.

I didn't trade it because I was thinking 53ish gap fill was the high probability short. But I still have SPY 108 puts which I intend to close at 1030.
 
Quote from tstones:

NQ looks like a replay of yesterday so far
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I wouldn't expect another V-bounce today. 2 in a row is rare. Possibly another drop to maybe 1034 for a bounce is my hunch....
 
Only now you convinced me that you are not stocktruder ... :) Until now I was not believing, you are moving a lot in America not speaking about proxy...

Quote from lexcorp:

I wouldn't expect another V-bounce today. 2 in a row is rare. Possibly another drop to maybe 1034 for a bounce is my hunch....
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