my system gives the signals i take them.....i don't get involved except to enter the trade..........porgie can't make a mistake only system can........unless he breaks the rule of entering every signal given.........why is that complicated for those who insist on guessing what comes next.........see the signal enter the trade.....pt targets take care of exits.........or, keep predicting which way the train is going next or is it coming? system is riding the train.........is that correct or not true?
Predicting intraday price movement
- Thread starter vedanta
- Start date
The dark clouds part to allow the view of a vast and wonderful horizon . . .
just having a little fun charlie........trading is serious but that is over until tomorrow.......a new and glorious day, God willing........enter the trade see the points........very important ......SEE THE POINTS..........exit..........wait for next signal........it is called discipline........patience..........i love mechanical..........don't say will change.......what i use has not changed fo r 5 years.........up down sideways........that is all it can do and can do all 3 of those in 1 day...........range trend whipsaw
Oh, I agree with you 100% porgie . . . I had a feeling you were a woman before you mentioned it. That was the jest of my statement. I see very few men traders that boast of having discipline in their trading . . . bravo!
==============
Interesting , porgie you divideded it into -range, trend, whipsaw;
or could name it up trend , downtrend, sideways trend[range]
Like to stay out of sideways trends [ small range] ;
unless it is real orderly, a very orderly mini-trend.
trading is not hard to master..........it is hard to master the trader........scalping is the only time emini trader can be the master.....system in which u have extreme confidence.......first...............decide how many points u can consistently capture on each trade day in and day out ad nauseum forever an dalways....POINT TARGET WHEN U C SEE IT ON SCREEN GET OUT..........DON'T DISCRETIONARY EXIT U WILL LOSE ....TAKE U OUT OF TRADE AS MUCH AS POSSIBLE......then start with one contract...........enter just as system has been working...........one contract.........then when u are doing WELL day in and day out until u hear the cows mooing as they come home, you up the contracts to 2.......then when u are doing that day in and day out until u hear the cows mooing as they come home, you know what to do........stop the bs of pretending we are all great traders........porgie is not great trader.........he is system developer...........scaling in and out and trailing stops is RECIPE FOR NOT SLEEPING WELL...........ALWAYS ENTER AT MARKET.........SEE POINT TARGET ON SCREEN EXIT........NOW LET THE LAUGHING BEGIN........
=================
Porgie & bro;
Helpful points and like preplanned profit targets;
sometimes even those need to be adjusted.
And when you are sure its a trend day;
like discretionary exits , more of which are market orders .
Mostly use limit orders for entry ,exit.
Sounds like in well written Art Collins SuperTraders book, another definition of a trend day' 'was is sixth gear & didnt pull back''.
One of the better ways to recognize a trend day it doesnt pull back much [not a prediction];
uptrend, doesnt pull back much,
or downtrend, doesnt pull back much
pullback is not always the key........if indicators tell the story.....sometimes pullback entry sometimes not.........reading the difference is where the system comes in........exit is always point target........never changes.........make more mone y with contracts not points.......trailing stop is not allowed........onlhy point target.......singular not plural.........same nu mber all day every day