how to manage false breakouts on NQ ES
- Thread starter pawpaw
- Start date
Hey "Himself" - you are welcome. Someone is $200 richer this morning just because of me. Ain't that sweet! I think I might be feeling the need to become a Guru now.
There's only three things my devoted followers that you must now do:
One: use foul language as much as possible. Jack doesn't like it.
Two: Patrol all threads on this web site and take a shite on the head of any deadbeat guru and his groupies. They'e easy to spot because they kiss ass, harrass non-believers, make ridiculous claims, and sound like egg-heads. In other words, they don't trade and are just assholes.
Three: Don't question me when your next 5 trades all lose money. I am your new Guru remember
Until next time, your friendly Lone Ranger:
SIMTRADER. aka Simple moron trader.
There's only three things my devoted followers that you must now do:
One: use foul language as much as possible. Jack doesn't like it.
Two: Patrol all threads on this web site and take a shite on the head of any deadbeat guru and his groupies. They'e easy to spot because they kiss ass, harrass non-believers, make ridiculous claims, and sound like egg-heads. In other words, they don't trade and are just assholes.
Three: Don't question me when your next 5 trades all lose money. I am your new Guru remember
Until next time, your friendly Lone Ranger:
SIMTRADER. aka Simple moron trader.
a) Call it what you like. I just call it buying new highs at the right time of day.
b) Short is just as good.
c) I use BB because I find them the best filter for which breakouts to trade. I couldn't care less what they are supposed to be (lagging, leading or whatever). Mine is not to question how or why something seems to work. I just trade what I see.
d) I'm not trading "flags". I'm looking for breakouts that fit the rules on Page 24. Nothing more nothing less. I'm then using my skill and experience to fine tune when to move the stop, which trades to filter out (via 4 market analysis). If you can make money in another timeframe with this stuff, then be my guest. Just don't step into one minute chart territory because there some serious "expert traders" at that level. Right, Jack?!
The way to make money is to tell yourself you are a moron. I do this everyday. In fact, I make my wife tell me - it has added impact that way
Then to patiently wait for the very best signals and not to trade when in doubt. The skill comes with the grey areas: signals that technically meet my criteria but feel wrong. Ths skill comes with good stop movement once in a trade. If this method were 100% mechanical than it wouldn't work.Start getting your head around the idea of buying as high as you can, and selling as low as you can. And only doing this once or max twice a day. The exact opposite of how most people think and try to trade. What I've given you is a starter for 10. You figure out the grey stuff. I ain't here to give your hand and stroke your forehead with soothing words. There's plenty of Guru's around for that job. Right Jack?!
Quote from Simtrader:
You see Jack - here's your problem: You are just way too clever for me. Once again, I have absolutely no idea what the hell you are talking about.
"Change orientation"? What is that? maybe it's your 5th level volume deficiency ratio analyis of the Stochastic?! As for reversals Jack, I wouldn't know about them - I stick to breakouts. And I don't trade amongst the shit in the middle of the day.
All I know is this:
If someone is listening to this friendly neighborhood cowboy, then they just made $200 in the ES by buying above the 15:40 EST high today. So simple that a cretin could have done it. I could tell you that I'm a guru by selling so near the top but that was just luck. Honesty is such an admirable trait wouldn't you say?! Of course, it's not always that simple and there are a lot of nuances. But folks just ignore the Gurus - unless you want a good laugh as I like to have. Some of the most hilarious shit ever written, is contained in the first 23 pages of this thread. It'll keep you hollering for hours.
Guess what I'm doing for the next several hours? You got it: nothing! But maybe I'll stick around to watch Jack and his gang picks all the tops and bottoms just for fun
09:45est centering @1001 bracket in @ 1002.1
stall
dip
Failure
FBP
Reverse on BO down 1006.2
s 1006.2 ts 5 min 4 bars back @ H val + 1 tick.
go to tape on 5 min then 15 min
exit as "continuation"
mkt exit 997.2
enter L 998.1 @ 11:31
wash 999.0
everything is on neutral
I am getting administrator notices about frequncy of posts. LOL
we are looking for a BO out of neutral
Everything is perfect.
no volume
MACD on nuetral
Stoc on 50%
zero momentum time
Sim is not in and he is seeing all his signals compressing as volatility kills them.
what will he do? He has to wait until stuff goes "outside".
will be neat if he puts up a chart before his entry if he does go in.
Everything is perfect.
no volume
MACD on nuetral
Stoc on 50%
zero momentum time
Sim is not in and he is seeing all his signals compressing as volatility kills them.
what will he do? He has to wait until stuff goes "outside".
will be neat if he puts up a chart before his entry if he does go in.
Ahh shit - he's off again. Mr. Nutty Professor of the year award, babbling away with his jibberish. C'mon folks ...chime in here. WHAT THE HELL IS HE TALKING ABOUT?! "Himself" - you're $200 richer today, can you make head or tail of it?
Wanna know what I think? I think this message is coded for only his groupies to understand. Can there be any other explanation?
And you all thought I was paranoid about the Guru and Groupie scene on this web site didn't you?! SEE what I'm talking about now?
Can you imagine if I weren't here anymore, and you had to go back to suffering this drivvel everyday?! God what a nightmare.
