Stopped @ 14.50.
Total -5 pts.
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My Daytrading Method
- Thread starter eminitrader007
- Start date
Stopped @ 14.50.
Total -5 pts.
Quote from eminitrader007:
Stopped @ 14.50.
Total -5 pts.
I took this trade because I'm paper-trading right now. If I was trading actual money I would not have taken the trade. ES has been oscillationg between 1307-1315 for the last 2 weeks. We'll hopefully get out of this range by eod today. Then hopefully I'll be able to do better.
Quote from eminitrader007:
I took this trade because I'm paper-trading right now. If I was trading actual money I would not have taken the trade. ES has been oscillationg between 1307-1315 for the last 2 weeks. We'll hopefully get out of this range by eod today. Then hopefully I'll be able to do better.
Looks like we're out of the 1307-1315 range... finally.
More details coming...
"I took this trade because I'm paper-trading right now. If I was trading actual money I would not have taken the trade."
I think you are doing yourself a disservice by taking trades that you wouldn't take with real money ..it kind of defeats the purpose and there is nothing from stopping you from taking "ridiculous" trades with huge stops for example....you should try and make your paper trading as real as possible.....
I think you are doing yourself a disservice by taking trades that you wouldn't take with real money ..it kind of defeats the purpose and there is nothing from stopping you from taking "ridiculous" trades with huge stops for example....you should try and make your paper trading as real as possible.....
Suggestions (prob not even worth $0.02):
1) Agree with last post, paper trade as if real money. Think "It is real money!" It really is in a way b/c this is a step towards making real money.
2) If works and you treat it just like real $$ then trade live with only 1 contract.
3) If this works trade with 2 contracts, then 3, 4, 5...10...20.
4) Get your own show on MSNBC, yell and throw chairs and max out your diastolic in the three figures.
1) Agree with last post, paper trade as if real money. Think "It is real money!" It really is in a way b/c this is a step towards making real money.
2) If works and you treat it just like real $$ then trade live with only 1 contract.
3) If this works trade with 2 contracts, then 3, 4, 5...10...20.
4) Get your own show on MSNBC, yell and throw chairs and max out your diastolic in the three figures.
Quote from pitbulltrader:
"I took this trade because I'm paper-trading right now. If I was trading actual money I would not have taken the trade."
I think you are doing yourself a disservice by taking trades that you wouldn't take with real money ..it kind of defeats the purpose and there is nothing from stopping you from taking "ridiculous" trades with huge stops for example....you should try and make your paper trading as real as possible.....
Yes, you're right. Point well taken. The market is out of the trading range so hopefully I'll do well.
1315 in ES is going to be a major resistance. I think we'll try to break that one more time before we get to 1250.
Quote from eminitrader007:
Analysis of Friday's action.
The markets were range-bound on Friday. ER and NQ showed significant strength. The low on Friday did not come close to the value-ranges. If the markets were to move higher from here ER and NQ need to take charge.
Although the ER is at an all-time high--- ES, YM and NQ have significant over-head resistance.
As you can see in the attachment: In the last 2 weeks the value-ranges have been stuck between 1307-1315.
For now the ideal strategy will be to buy around 1307-1308 and sell above 1315-1318. After you buy or sell if it does not come back to the value-range, the prices will likely continue in that direction.
This is from 3/26. The reason I quoted this is because my system and analysis works. Now it is up to me to be disciplined and patient and execute the system. The high for the day was 1315.50. It should test that one more time and fail, then we'll see a more severe downtrend.
Value-Range for tomorrow(3/29)
ES: 1302.5-1303.5
ES: 1302.5-1303.5
I'm looking at 1308 - 1310 to offer some resistence....and on the downside my crystal ball shows....1292 - 1295 as a possible support point....