ES Journal Archive (2009 - 2010)

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I have no doubt that Petty is a bright dude, but his logic is complicated. I minored in math in college and I've seen some convoluted ways of thinking, but I still can't wrap my head around Petty's commentary.

The market is a tricky whore, but in many cases she ain't that complicated. So petty, how about you slow things down for people like me and lets follow one trade @ a time or at most 2.

BTW, where's EMG? what have you guys done to him?!!!!!!
 
Quote from Eko_Trader:

I have no doubt that Petty is a bright dude, but his logic is complicated. I minored in math in college and I've seen some convoluted ways of thinking, !! [/B]
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For a math minor, your statistical ability is pretty (should I say petty?) poor.

All you have to do is to summarize his posted trades and you get the full picture... A nice big losing account...

Never confuse ambiguity (the tool of a spammer) with complicated logic, they are different things....
 
Quote from volente_00:

You gave 4 damn scenarios.




One was go long at 96.75

One was short a gap up this morning

One was wait til rth before doing anything

One was some gibberish about going long friday for a rally next week






Of those 4, none said short and collect 18 points of profit


Of course I expect nothing less from a trader who has multiple long and short positions open at the same time using 10 sec, 20 sec, 40sec, 1min, 2min, 3, min and every time frame possible so it appears they are always right in the end.


What is your real reason for being here anyways ?


Trying to recruit investors via pm's ?
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Dude-they are scenarios that at some point you will formulate...it's good to talk about what some possibilities are after certain types of days or types of consecutive days...I'm not here for you dude...It wasn't for you or anyone who trades well. It is for people who are stuck inside trading books and cant make money doing this. I am not here to post trades I "took" after the fact or copy paste p&l for everyone to see...just not me man...

And just because you and I are different traders with different business plans doesn't make either of us irrelevant. Just chill Bro. I trade the 1m, 5m, 30m and daily bars on the ES...I trade the 30m and daily bars on the NYSE high volume stocks and I trade the daily bar on the QM....thats it. And yeah I trade lots and lots of accounts...different directions, so what? I'm not in here to gain confidence or make sure I'm doing everything the right way. I'm well adjusted and situated nicely.

What I am supposed to be clickin a mouse every time I see a bar touch a trendline or SMA? Then rush to post it or even after the fact? No thanks. To each his own.

I am here to post a different way to trade and will continue doing so..recruit investors via pm's? Really? LOL. Yeah Volente, serious traders want to trade for strangers...yeah that makes a lot of sense...I am not here for business reasons...
 
Quote from Pekelo:

For a math minor, your statistical ability is pretty (should I say petty?) poor.

All you have to do is to summarize his posted trades and you get the full picture... A nice big losing account...

Never confuse ambiguity (the tool of a spammer) with complicated logic, they are different things....
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Anyone with a working dome can see that his posted trades bombed, no need for excellent statistical skills to derive that conclusion. I'm more concerned about his commentary, they are convoluted. If one is too convoluted, why throw 3-4 out there @ the same time? why not just focus on one or at most 2 for either direction in the market.

Anyways, goodluck to him. He's not managing my $


long 82.50

target 85

stp 81.25

Edit: stop to b/e
 
$spx.x 1090 that is what I am watching. How many times have we traded back and forth from there. Value area for long term players. Buy em down to 1050 with a stop at 1035. :cool:
 
Anyhow let's get positive. We pulled back exactly to the SMA 9 on the daily, and seem to be bouncing from that.

Here is a strategy I have been experiencing with, feel free to try. It only seems to work on the 1 min chart.

1. Wait until there is a small trend and the BB is penetrated several times.
2. Once the trend pulls back and reaches the opposite BB, that is the entry signal for entering WITH the trend.
3. Profits are either 1-1.5 pts or wait until the original BB side is reached.

SL can be very small, about 1 point, so taking profits at 1 point still makes it a 50/50 winner.

Example just occured:

We ran up from 9:24 to 9:42 establishing an uptrend. When we hit the lower BB at 1080 that was the entry long, and exit was at 1085 when we hit the upper BB again.

Simple enough....

The reason for taking profits earlier is that price doesn't always move back to the original (trend) BB side, but we usually get a 1-1.5 pts pullback at least, so that is a good enough target for scalping...
 
Unless I am long, which I may be in my other accounts. I trade 14 different accounts for 12 different individuals and two very wealthy pets, one being the heir of the Leona Helmsley fortune. I trade 17 various strategies which I alternate among accounts based on a very complex calender based algorithm which none of you would understand.


Quote from startraitor:

Right now it looks like a u-turn bottom, I will only be shorting under 80.
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