ES Journal Archive (2009 - 2010)

[BA_Trader]

Quote from Trvlwanderer:

Floating on a gentle breeze.

Resistance? We don't respect no stinking resistance!

86 is trading... looks like more room on the upside.

 

[ammo]

emg trades commodities,he's just efin around in here to avoid boring,if you can read 2 or 3 charts ,u can read 20 or 30,he knows what he;s doin,he can make more in his familiar market than here,grasshoppers guess ,frogs wait for the right moment http://wiki.answers.com/Q/What_is_the_lifespan_of_a_grasshopper http://allaboutfrogs.org/weird/general/longevity.html

 

[ammo]

if your tradin es, you ought be following this thread , kudos nitro......http://www.elitetrader.com/vb/showthread.php?s=&postid=2922600#post2922600

 

[Pekelo]

Quote from volente_00:

He averaged down multiple times on may 6 and walked away with profit.

That's the whole point. Just do the math how minoscule is his average 1 pt gain compared to the account size. (assuming he is not complete BS)

Now go back in the last 4 weeks and see how many trades he actually did. Probably about 5. So his system makes pretty much nothing on average compared to the account size, and it only makes a decent return if he can average down pretty much forever. (or at least 100 ES pts)

But then the OBVIOUS question arises: Why need a system at all, why not just pick ANY entry point and average down until profit shows??? And why be happy with that tiny little 1 pt /1 unit gain on a huge account?

What am I missing???

P.S.: Not to mention his uncanny ability to predict targets, but not using them the right way???

 

[volente_00]

Quote from BA_Trader:

86 is trading... looks like more room on the upside.

Someone tell DEMTDAYBOYZ it is friday !

 

[coolweb]

Quote from Pekelo:

That's the whole point. Just do the math how minoscule is his average 1 pt gain compared to the account size. (assuming he is not complete BS)

Now go back in the last 4 weeks and see how many trades he actually did. Probably about 5. So his system makes pretty much nothing on average compared to the account size, and it only makes a decent return if he can average down pretty much forever. (or at least 100 ES pts)

But then the OBVIOUS question arises: Why need a system at all, why not just pick ANY entry point and average down until profit shows??? And why be happy with that tiny little 1 pt /1 unit gain on a huge account?

What am I missing???

P.S.: Not to mention his uncanny ability to predict targets, but not using them the right way???

its equivalentt to passer bys looking at the cdo market in 20007
the cdo market. everybody looking in is asking how do they make money!od

we know what happened there
anybody with a flipped risk rewrd ratio is living on borrowed timek

 

[schizo]

SHORT 87.25

I think I'm crazy shorting here, but what the hell.

 

[BA_Trader]

Quote from schizo:

SHORT 87.25

I think I'm crazy shorting here, but what the hell.

1090 might stop it... it's going to take more and more volume to keep the party going... not that likely in the middle of AH.

See you's guys in the morning.

 

[volente_00]

Quote from schizo:

SHORT 87.25

I think I'm crazy shorting here, but what the hell.

89 is r10

 

[schizo]

Quote from schizo:

SHORT 87.25

I think I'm crazy shorting here, but what the hell.

Stop 91; PT 83.25 FWIW