Eur and ES spikes

Quote from Zen Student:

Hit market when 69.50 printed to get filled. Long at 69.75. STP 67.50. Filled 59 mins = 10.59 EST 09.59 exchange time.
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Out 69 even -3 ticks...European markets close. Back in 67 stop 66.
 
Quote from Zen Student:

Out 69 even -3 ticks...European markets close. Back in 67 stop 66.
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It's pretty clear that you and I, on the short-term, are not doing anything even remotely similar. I wouldn't think of even considering this kind of trade.

We'll have to just compare P&Ls in a year.
 
Quote from logic_man:

Cycles are too inexact, due to the existence of standard deviations within them. I only deal with precise measures. The trade was barely viable under my model and losses are part of the game. None of what you wrote matters to me. Cycles, European market, gaps, etc. are all accounted for by other means in my model, which encompasses all trading, not just RTH, so your "questions" have already been asked and answered. The fact that the answers, in this case, led to a 2.25 point loss is just part of the reality of dealing with probabilities.
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Yes indeed it is quite clear that you are correct. Thank you for this interaction it has been a good learning experience for me. Rather than asking too many questions which have already been answered elsewhere, maybe better results come from a keep it simple stupid (KISS) approach? Trades which are barely viable are just part of trading - there are only probabilities after all. That means we cannot necessarily learn from our losses, as nothing is certain in the market and losses are part of trading. Makes sense to me, thanks. Continued good trading to you.
 
Zenmaster, thank you for your warning not to short the last couple days :)

Finally I see you admit you are wrong for once and don't know "every move in advance" . That was funny while it lasted though.
 
Quote from Zr1Trader:

Zenmaster, thank you for your warning not to short the last couple days :)

Finally I see you admit you are wrong for once and don't know "every move in advance" . That was funny while it lasted though.
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Yes, it was wasn't it? Now it makes you wonder whether I have a clue at all! Who knows....
 
Zen,

All i know is that it looks a little fishy that you try to help all these people with very intruiging long posts of how you know the unknown.

If you are truly a proficient player, why bother with the riddles and nonsense if your goal is to help "save" these people?

It just seems like snakeoil.
 
Quote from Zr1Trader:

Zen,

All i know is that it looks a little fishy that you try to help all these people with very intruiging long posts of how you know the unknown.

If you are truly a proficient player, why bother with the riddles and nonsense if your goal is to help "save" these people?

It just seems like snakeoil.
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Now, now, all market wizards write long-winded, mysterious posts alluding to the elusive "truth" about trading.

He still has three trades to go; I would appreciate it if you didn't scare him away just yet...
 
Quote from Zen Student:

How can you possibly learn to read it without understanding what creates price action and how prices are caused to move?

Simple answer for newbies who wish to evaluate claims that price action can be read without any such understanding: ask to see the trading results of those who claim they can trade the market successfully without understanding how it works.

Price action does indeed give objective data about what actually happened. The aspiring trader needs to understand what is likely to happen in the future in order to place profitable trades.
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" The aspiring trader needs to understand what is likely to happen in the future in order to place profitable trades. ........."

more bull crap from the wizard of Zen.

the Zenster long grease entry at the red arrow and no stop on his trade.

price action indeed.............:)

This chart is brutal .

cheers,

s


:cool:
 

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