ES Journal Archive (2009 - 2010)

[ammo]

Quote from Nexen:

I rarely agree with the stuff posted on this journal, lot of nonsense, conspiracy theories, bullcrap predictions, far from transparent trading but what flipflopper just said is as on the money as 700 ES LEAPS.

Ammo is trading like a complete lunatic, not only is it irresponsible, but you doing this amateurish adding to losers "technique" on a public forum, it's like a disease. If you are sick and sneeze, cover your mouth man, newbies are reading this journal. Rookies be forewarned, this is a quick path to destruction.

lot a love on ET today,

 

[F18HORNET]

If you have a big bankroll and trade like ammo, how is it any different than the big guys accumulating on the way up at strategic TL pts. Its a method, not for the weak, but it works and you have to keep defending and be able to take alot of pain. Any trader trading real money can see you cant do this with a small account. At least he posts trades in real time. Dont be a hater poster

 

[NoDoji]

I'm a noob to trading ES and to this journal. I found Ammo's style very interesting and pm'd a few questions. He, in so many words, told me "Don't try this at home."

It was also clear from the short time I followed his calls that when he no longer liked the action, he took a loss. He didn't just average forever.

Averaging into a swing position that runs against you in anticipation of a pullback to a particular level isn't a problem if you have a max loss that makes sense and you honor it.

 

[Now is Now]

Quote from flipflopper:

I'm not a bull or a bear. I am a daytrader. I trade 90% mechanical system based on my thousands of hours in screen time and years of trading. That is all. Just making an Friday observation!!

I wasn't even directing this statement at any one trader as I rarely read these posts. Although ammo took it personally. I just know there are many traders looking for that elusive out of the blue reversal day.

Trust me I was stuck short more times then I care to remember in my day hoping for something like this to bail me out. I never got lucky though.

And yes, now that I am strictly a trend trader I LOVE days that grind UP OR DOWN with no pullbacks all day!!!!

And your last trade on this thread was....?

 

[[Proximo]]

Averaging down killed more jews than nazis :-}

 

[gkramer]

Quote from tstones:

A day that just grinds up with no pullback? no thanks.

I love those days! Enter and add at balance areas. The key is to recognize them early w/ vol and PA and distant S/R.

 

[pev]

Quote from ammo:

lot a love on ET today,

How many here, who criticize you on a method that "works for you" actually post their trades?

At the end of the day/week/month what matters is the gains in "your" account not theirs.

 

[saliva]

Quote from pev:

How many here, who criticize you on a method that "works for you" actually post their trades?

At the end of the day/week/month what matters is the gains in "your" account not theirs.

So let me get this straight. If what you say is true, then why do YOU care?!!

Why the hell do all you idiots care how ammo trades for that matter? If he loses, it's his friggin' money. So I politely ask all of you to shut the fuck up and mind your own biz.

To ammo: why do you put up with this crap? Don't waste your time posting your trades. From what I gather, this place is becoming a joke. Just my otherwise useless 2-cents.

 

[saliva]

Quote from [Proximo]:

Averaging down killed more jews than nazis :-}

Well, if you were even half-smart, you wouldn't be fighting on two fronts at the same time like Hitler. :eek:

 

[Nexen]

Quote from saliva:

So let me get this straight. If what you say is true, then why do YOU care?!!

Why the hell do all you idiots care how ammo trades for that matter? If he loses, it's his friggin' money. So I politely ask all of you to shut the fuck up and mind your own biz.

To ammo: why do you put up with this crap? Don't waste your time posting your trades. From what I gather, this place is becoming a joke. Just my otherwise useless 2-cents.

It's not so much the account of the person averaging down it's the fact that he is portraying a false impression of long term profitability endangering the readers lacking the experience to notice the mistake.

The fact that a person must constantly add to a losing entry, and I do mean constantly, in the most technical friendly instrument is plenty evidence that the trader does not have the slightest clue as to what the heck is going on in the SP500 charts.

Any trader fluent in ES knows exactly what I'm talking about.