You may see a little room on both sides of the trade for a little additional action as well. I like how he shoots for 200 bucks and misses a little and doesn't worry about it. One or two trades like he does evey day will be quite an accomplishment after a while. About 8,000 a month less the amount he misses by on each trade.
You may see a little room on both sides of the trade for a little additional action as well. I like how he shoots for 200 bucks and misses a little and doesn't worry about it. One or two trades like he does evey day will be quite an accomplishment after a while. About 8,000 a month less the amount he misses by on each trade.
Jack, as usual - what the hell are you talking about? Dunno whether you love or hate me! Thank god at least you spared us another full page of philosophy. But your "8K minus misses", assumes that I trade like a robot doing two $200 ES single contract trades a day. Except that's probably not what I do. I may take only the first trade, but it might be in the DAX (c. $400 profit) and it might be a five lot. Then again I might not trade at all. As for re-posting my initial chart. Thank-you, and the point is what exactly?! I love ya baby - you do waffle incomprehensibly. Ditch - Greenspan is the Fed Chairman. He doesn't spend seven hours a day glued to a computer scalping the ES 60 times a day, OK?! If he did, he would lose his job. Since he doesn't, then why are we even talking about him since this is a thread about ES and NQ trading. See the very first post! It ain't a thread for spouting unrelated BS to make yourself feel better. Try posting YOUR method and maybe I 'll show more respect. You contribute nothing useful.
My method is far from perfect. I'll leave such claims to the mutual admiration society who say how they catch every turn on a 1 minute chart, using 10 indicators, making 17 points a day. My point is that you may leave a lot of potential profit on the table following my ideas. But you may also get rich because you are trading in a realistic manner. Something the 1 minute "volume" guys don't do.
To answer the serious posters question about where I put my stops - this is the most discretionary aspect. Years of experience come into play here. As a guide, try the following: place it initially $200 away or below a pivot low created by the breakout (whichever is smaller). Move it higher behind every strong up bar. Or just trail it a certain number of points away. Experiment with what works best for you. Expect the trade to move in your favour within 4 bars or else scratch it and look for a reentry. Most important of all, get and trade the DAX & ESTX50. The ES is second tier by comparison.
On every BBS you always get a small band of "guru and his follwers" club. Stroking each other at every opportunity. I've even seen responses on this thread like "this [VD 10 indicator method] is the holy grail". "As usual, thank you so much Mr Guru". There's about 4-6 of you on this thread, and YES all 4-6 of you are totally full of shit. Everyone else who is passively reading or who makes the odd non-guru comment ..you're OK. And no, I shouldn't be nice to the guru club and remember my manners! "Can't we all just get along?". No we can't! These guys don't trade or they don't make money. Period. Anyone who is an "Elite" member likes the sound of their own voice too much.
There were 23 pages of drivvel in this thread dominated by the guru club (with a few exceptions). Then along comes a new poster and does something very rare: he posts a method on page 24 with clear instructions and specific advice on how to check it out. To top it off, he includes a screenshot showing how it didn't work! Which makes me rather unusual if nothing else. Yet the guru club is full of 1 min chart screenshots capturiung every turn and staying with the move til the very end. What a joke!
I'm a trader not a guru who needs a following. Me and my method and flawed and imperfect to the hilt. Just the way I like it
