How many of you got faked out today?

Eh... People are stupid and can't recognize a pattern. We have been having three to five day rallies for three months and they are surprised when there is another? LoL...

The pattern is going to change after OPEX, but still... Hilarious...


Hmmm... This is interesting. Finally got my first *Distribute* signal today...

Tomorrow or Thursday we turn over. Prepare to short once the bears capitulate!!! :D
 

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Been trading since 1998, fulltime and profitable since the end of '99.

Ok, maybe it's easy for me to be perplexed when I have a lot more experience and a finely tuned approach to draw from but even still, I think for even an average trader, today was pretty easy (pre 3pm). I don't mean easy for someone who isnt paying close attention but for the trader who is watching the market intently, alignments on multiple time frames set up beautifully at several key spots today. 9:40, 10:25, 11:35, 11:55 and 12:20 specifically. 14:55 was also good but didn't offer as much of a reward. It was a quick dime on the Spy with no heat.

I guess my point is that, if you or anyone else got "faked out" today, you should work harder at staying in sync with the market and look to spot key moments where the market changes direction or tone. With some practice, you'll be able to finish a day like this feeling good rather than dumbfounded by what took place.


Quote from gmst:

I used to do things you wrote in the first para. No more.

what was your yearly pnl for 2008, 9, 10 , 11 and to date 12? How many years hv you been trading? Because only a pro would write such things as you saying.

My yearly PL was -50k, -20k, -10k, -2k year to date for last 4yrs. Most of my losses this year and last came from ES. So, chances are I would get faked out on such moves. Actually I was long at the beginning but my stop got hit. And then on a retrace I shorted after it seemed Ben couldn't offer any clarity or any new things. Got smoked again.

If you are profitable and if you write down your PL numbers for authenticity, I would be happy to learn a few things from you.
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Probably one of the EASIEST days to trade the ES.

simple EUR/$$$ signal that gave super clear sell signals all the way down, and then buy signals just off the lows.

see that low??? buy right about there, stop under the low...

and let it ride!!!

then my system said sell on the close to book bank!!!!

for FOUR easy payments of $1999.99 each, I can teach you how to look at a chart the same way.

all the other gurus LIE!!! send me the money!!!!
 
Quote from 1a2b3cppp:

Crazy range and movement and the trading day isn't over yet.

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Love that chart!:D

Thanks for the laugh.
 
Quote from R. Raskolnikov:

9:40, 10:25, 11:35, 11:55 and 12:20 specifically. 14:55 was also good but didn't offer as much of a reward. It was a quick dime on the Spy with no heat.
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Quite convenient that the market always sets up at a time ending in 0 or in 5.

Where's the love for times ending in 1,2,3,4,6,7,8 or 9?
 
Those are the 5 min bars I used, but my exact setups/trade moments sometimes came within those bars. 10:27 being a prime example of a cycle that finished on the 1 min and aligned with the 5 min sentiment for a short entry.

But there is quite a bit of love for the 0 and 5, no doubt about it.

Quote from logic_man:

Quite convenient that the market always sets up at a time ending in 0 or in 5.

Where's the love for times ending in 1,2,3,4,6,7,8 or 9?
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Quote from BlueTurtle:

Probably one of the EASIEST days to trade the ES.
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I bet tomorrow will be even easier! I'll tell you all about it at the end of the day!


Full disclosure: No trades today. 6 Signals, but all got filtered for one reason or another. Too bad that downdraft was so strong or I'd have been riding 3 longs on the ES, Euro and Crude from right after the turn into the close. C'est la vie.
 
Quote from R. Raskolnikov:

9:40, 10:25, 11:35, 11:55 and 12:20 specifically. 14:55 was
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agree with all of them but not sure about 12:20. i dont see why thats a good signal up or down.
 
I got long at 12:21 because the 12:20 bar traveled to at or above .95 and on increased volume. That was a setup based on my method. The longer frames were in long mode for me and the short frames did what they had to to trigger a trade.

Quote from ChkitOut:

agree with all of them but not sure about 12:20. i dont see why thats a good signal up or down.
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