ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from tomahawk:

Petty, how many of these CL/QM trades do you see per year on average with this setup? Because just eye-balling a 3-month span of daily bars, I don't think I see a single instance where all your criteria are met. The killer is getting a bar 2 with both open and high(low) within the lower(upper)wick of bar 1, if I understand the rules correctly.
More...

They come in clumps and then disappear...they definitely are not meant for someone to day trade day to day off of but are a nice trade 5 or 6 times a year and add insight into other markets when they signal...if you continue back in time they continue to appear over and over...and yeah, I have not seen one in a while, this last one just popped up and is working great...expect to see 2 or 3 in the next few months...they usually happen during period of extreme volatility.

I look for little nuances in contracts and try to squeeze out safe trades no matter how infrequent.
 
Quote from petty1978:

The signature to this set up is the correlation between bar 1 and 2...

...day 2 opening inside day 1 wick and the high being less than day 1 close...this is the key.

Check it out, it is a powerful signal on the CL and QM only, yes you see it else where but it does not have the same effect.
More...

regardless of bar #1, when you have directional energy and then a bar that behaves according to your terms to create #2, it is a potential halt to the surge move. The body of that bar #2 is where stops are clustered... where auction market theory found an end to sellers (buyers) which forms a bottom(top).

Price pulling back into that zone is into a "zone of control". It's also one piece component of Kevin Haggerty's flip-top / trap-door sequence logic.

Happens on any time frame, every symbol. The faster a chart, the more frequent the pattern.

**

I'm not trying to rain on your parade of posts, not at all. You seem eager to post numerous times daily for whatever reason(s). Keep doing what you're doing... the audience will accept or reject as they wish regardless of all else :)
 
Quote from schizo:

Nah, it's more like this IMHO.
More...

schiz said it so go on and book it



Schiz im going to buy on your little dip retest at the 200 DMA

too risky to get in here since there is a reasonable risk it bounces of the 200 once.
 
Quote from oraclewizard77:


My win% is very high, but a losing trade so far will be a higher $ amt than a winning trade.
More...

That is somewhat of a beginner's mistake, you're suppose to let the Winners run and cut the losers short. With that said, I still engage in this destructive practice occasionally, especially cut the winners too early.

If you can cut the losers quick, you, Sir, are one step closer to success in this business.
 
Quote from austinp:

...................

Happens on any time frame, every symbol. The faster a chart, the more frequent the pattern.
**
More...

So true AP, so very true indeed.

In fact in the last couple of weeks there have been several truisms from several Posters that would easily couple together into a bulletproof trading style.

I suppose, one might argue that if you can see them then you already know them and if you cannot see them then you are not yet ready.

Also it could be argued that before any of us are in a position to pass along trading advice, our own trading should be of such a consistency that we are trading well in excess of 10 lot parcels.

If this is true, and we take the minimum parcel as being 10 lots then AP's Trading Course (497 bucks) easily comes out of one 5 tick winning trade.
Very very doable, would you not agree.

So my question to you AP (forgive me if you have already addressed this one) is ....

"Why do you bother" with students when you are most likely making north of 5-10,000 bucks per day.

Perhaps there is an altruistic quality in your nature that is missing in others.

Keep up the excellent posts.
 
Status
Not open for further replies.
Back
Top