how to manage false breakouts on NQ ES
- Thread starter pawpaw
- Start date
Well, well, well.... you must be new. Jack is just Jack, take it or leave it. Trying to understand him is just an exercise in futility and there is probably no contents in what he says, but since it's so hard to understand him, let's not imply that he is a fool. That's impolite too. But you made a good point, not so much about Jack, but about those who follow him. These people are apparently so desperate that they can take anything for a gospel. Even things that obviously cannot be comprehended.
Jack's methods are probably as valid as trading at random times. There is some similarity between them too. Jack with the help of volume and stochastics can limit the number of trades to just a few a day, which means that a new trader has a good chance to stay in the game for a long time. Same with trading at random times: three shots a day will keep your financial demise at a bay unless you are so dumb that you cannot completely tell if there is a trend or not.
Anyway, I have been saying this for a long time. It's good to see that someone shares my opinion, but let's be more polite. Jack is an elderly gentelman and if only because of that deserves a bit more respect, so let me suggest that the critique be focused on what he says and not on him.
Take care,
Wally
SimTrader,
I tested your Breakout System with a Wealth-Lab program and WTF it actually makes money. But you already knew that.
Just saying thanks for posting your system and giving me some new idea's on how to trade. I used the QQQ for my test because I don't trade futures yet. It is rather hard to tell a computer what my eyes see on a chart. So when ever I can get a macanical system to work with a computer program I am sure to be on to something.
I would think that if the previous day was a compression day.
(Day with smaller then usually volitility)
The odds of a BO trade working might be a little stronger.
FT
I tested your Breakout System with a Wealth-Lab program and WTF it actually makes money. But you already knew that.
Just saying thanks for posting your system and giving me some new idea's on how to trade. I used the QQQ for my test because I don't trade futures yet. It is rather hard to tell a computer what my eyes see on a chart. So when ever I can get a macanical system to work with a computer program I am sure to be on to something.I would think that if the previous day was a compression day.
(Day with smaller then usually volitility)
The odds of a BO trade working might be a little stronger.
FT
Have I been rude to any genuine person in this thread? I think not. But there's no fucking way I'm going to be polite about the likes of Jack and ESPECIALLY the loser groupies that follow him. Go back to Page One. PawWaw is the guy I wanna talk to. But he's gone thanks to the likes of you. Until the shite is drowned out then there's no way the likes of PawWaw will ever come back. I don't care how old Jack is. I respect people for whaat they say and do, not because I'm "supposed" to. Jack has done nothing except bring his Groupies onto a web site and kill all possibility of real discussion from a geunine guy asking a genuine question on Page 1.
You, Nitro and the othert Estalishment "nice-guys" are just part of the problem. Your reaction to the likes of Jack means that droves and droves of people fail to return to this web site because of the shite they see. Sometimes in life, to CHANGE anything, you gotta be downright impolite.
Individuals like me simply cannot be controlled by the Establishment (I see that you are an Elite member). If you don't like my style then piss off and put me on your Ignore List. Save the moralising for someone else. Cos with your "niceness" you sure as hell ain't doing fuck all to retain the integrity of this web site and keep the PawWaws coming back. Guys like you & Nitro have a real moral dilemma on your hands with me don't you? What if you actually made $200 courtesy of me? Would you come back and say thank you to someone so rude? I doubt it. Which makes you both shameless.
I am one of the few genuine articles on this web site. The more "bans" and "Ignores" I can notch up from you Establishment people, the better. It means that progess is being made.
To be honest though, my days here are probably numbered because one of the asshole censhorship control freak Moderators will cut me off at some point I suspect.
I'm 12. How old are you dimshit? Why don't you try posting your method? Mine is on Page 24. Where's yours? Nobody wants your inane drivvel that adds no value. You like so many just wanna keep this board in the clique. Outsiders (PawWaw R.I.P.) definietly not welcome. Truth is that I bet a damn site more people wanna keep me around to discuss Page 24, than wanna listen to you. Say something useful about ES/NQ breakouts or fuck off. I'll leave when I damn well feel like it.
I don't need to post my method. I have no need to have my ego
stroked. What you put up on page 24 was pretty good. And for
a few pages afterwards. But then you wrecked yourself by
crapping on everybody else. This is STUPID behavior. If you are
a man you will stop this bullshit and post about your style instead
of crapping on everyone else. If you don't stop you shoud leave.
Especially since you haven't added anything about your ideas
since what, page 27 or so? As far as name calling, this is childish
behavior... I know you can grow up. Be a MAN.
stroked. What you put up on page 24 was pretty good. And for
a few pages afterwards. But then you wrecked yourself by
crapping on everybody else. This is STUPID behavior. If you are
a man you will stop this bullshit and post about your style instead
of crapping on everyone else. If you don't stop you shoud leave.
Especially since you haven't added anything about your ideas
since what, page 27 or so? As far as name calling, this is childish
behavior... I know you can grow up. Be a MAN.
Actually, every time a post has come up with a question about my method - it's been answered. And I didn't stick it on Page 24 to have my ego stroked. In case you hadn't noticed I don't give an arse whether someone likes me or not. But I do know one thing: you have contributed NOTHING of value to answer PawWaw's initial question on Page 1. You are just an Establishment guy who can't stand it when someone new gatecrashes the little party of eggheads that control this board. You are the loser who should leave because you add no value. I say one thing to you: Put up or shut up.
Now, back to answering the few genuine posters questions ...
Now, back to answering the few genuine posters questions ...
Yes, Simtrader you have answered questions about your method.
I think your method sounds interesting. I have actually copied
your posts and printed them out to see how it does realtime. You
should keep up the posting on your method and to hell with any
others who post about their massive indicator setups. It is taking
away from your posts. I am not an Establishment guy believe me.
I'd rather hear about your methods than Jacks. But it is hard to
read through your stuff. It is like you are pissed at everybody.
Let your method speak for itself. You don't have to come off as
an angry trader. Can I ask where you live in Europe?
I think your method sounds interesting. I have actually copied
your posts and printed them out to see how it does realtime. You
should keep up the posting on your method and to hell with any
others who post about their massive indicator setups. It is taking
away from your posts. I am not an Establishment guy believe me.
I'd rather hear about your methods than Jacks. But it is hard to
read through your stuff. It is like you are pissed at everybody.
Let your method speak for itself. You don't have to come off as
an angry trader. Can I ask where you live in Europe?
Hello 'Himself'! To answer your questions, these are the only times I will consider trading:
03:00 - 05:00 EST, DAX is best if you have the account and the stomach! ESTX50 for the smaller account, get-your-feet-wet first folk. You could do the ES "off hours" I suppose, but you might as well stay with the liquidity symbols where the moves are purer at that time.
09:40 - 11:30 EST, DAX is good but ES has been very good lately. It all depends on which chart is looking best at the time. The secret (if you want to call it that) is to chart DAX, ESTX50, ES & YM side-by-side on your screen, and watch how they interract. I chop and change which ones I use for trade entry. Flexibility is good!
14:00 - 16:15 EST ...only ES (DAX & ESTX50 are closed, and tend to be lame ducks after 11:30 EST anyway). This last trade is kinda optional for me. If I had a great prior two trades, or if the market has already had a super move, I might just say "forget it" and not bother. Why risk giving it back?