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Question for Grob/Hershey...
- Thread starter makosgu
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Through 57.
Observations - we are in the "/" of a "W" shaped day, and the channel looks to be about 7 pts wide! :eek:
edit
Note - I made a mistake with this long channel - it was drawn before a pt 3 had formed. I realized later, that I had used the slope of the other channels to anticipate this one.
Observations - we are in the "/" of a "W" shaped day, and the channel looks to be about 7 pts wide! :eek:
edit
Note - I made a mistake with this long channel - it was drawn before a pt 3 had formed. I realized later, that I had used the slope of the other channels to anticipate this one.
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were there any winning beginner rockets today?
i had 3 losers in the es...
10:54am short @ 1191.75 (eastern time)
10:55 cov @ 1192.50 -.75
3:30pm short @ 1188.25
3:32 cov @ 1188.50 -.25
3:33 short @ 1187.50
3:35 cov @ 1188.00 -.50
(used 1 min as best i could in an anticapatory fashion)
traded off 5 min es
jack talks about wash trades but i still don't see how you can continually get out with no loss...even using some anticipation
just wondering if i'm doing something significantly 'wrong' to produce losers. 3 losing days doing rockets and i'm not sure where i'm going wrong (i do realize we have had low volatiility) but even so, how does one get to 'no loss' trades?
one thought i had was it seems like you could make up the loss with a quick scalp in the opposite direction when you have anticipated rocket failure (say for a couple ticks)...but i haven't read this in the threads yet.
if more info is needed, i will supply (like charts).
i had 3 losers in the es...
10:54am short @ 1191.75 (eastern time)
10:55 cov @ 1192.50 -.75
3:30pm short @ 1188.25
3:32 cov @ 1188.50 -.25
3:33 short @ 1187.50
3:35 cov @ 1188.00 -.50
(used 1 min as best i could in an anticapatory fashion)
traded off 5 min es
jack talks about wash trades but i still don't see how you can continually get out with no loss...even using some anticipation
just wondering if i'm doing something significantly 'wrong' to produce losers. 3 losing days doing rockets and i'm not sure where i'm going wrong (i do realize we have had low volatiility) but even so, how does one get to 'no loss' trades?
one thought i had was it seems like you could make up the loss with a quick scalp in the opposite direction when you have anticipated rocket failure (say for a couple ticks)...but i haven't read this in the threads yet.
if more info is needed, i will supply (like charts).
Quote from Dantheman:
were there any winning beginner rockets today?
i had 3 losers in the es...
10:54am short @ 1191.75 (eastern time)
10:55 cov @ 1192.50 -.75
3:30pm short @ 1188.25
3:32 cov @ 1188.50 -.25
3:33 short @ 1187.50
3:35 cov @ 1188.00 -.50
(used 1 min as best i could in an anticapatory fashion)
traded off 5 min es
jack talks about wash trades but i still don't see how you can continually get out with no loss...even using some anticipation
just wondering if i'm doing something significantly 'wrong' to produce losers. 3 losing days doing rockets and i'm not sure where i'm going wrong (i do realize we have had low volatiility) but even so, how does one get to 'no loss' trades?
one thought i had was it seems like you could make up the loss with a quick scalp in the opposite direction when you have anticipated rocket failure (say for a couple ticks)...but i haven't read this in the threads yet.
if more info is needed, i will supply (like charts).
When did you switch to rockets? Trying to play rockets in a choppy environment will get you killed.
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