S/R Emini Journal
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All opinions are welcome here. Whether I agree or not does not matter. I served 12 yrs in the military and I must say I have very thick skin. I set this journal up as an educational place for everybody new and old. So far I have gotten all positve comments and I am not trying to sell anything to anybody. I don't push my methods off as the only way to trade. I would like to ask that if you do have such good indicator could you post a chart and description of method. I would love to learn something new.
Thank You,
4re
Porgie,
I have to say I knew that you would one day you find this thread and I wondered what you have to say. Good or bad. I think sometimes you may come off harsh when you don't know what peoples motives are and maybe you are correct most of the time. But like I said earlier I am not looking for anything except to put together an educational thread for everyone. Stick with this thread and I think you'll see that.
I got tired of seeing someone come into ET and ask for help and everybody jump on that person like ants on sugar. If somebody has the sense to ask for help I think it is better to walk away and ignor them than to spit in their face. I saw a lot of that so I decided to set this up.
I don't ask or tell anybody to trade like me in any way but I will answer their questions. I hope I am doing the right thing here.
Sincerely,
4re
sorry my friend.....never could post chart as i have a simple system based on simple stuff......would give away the goldmine.......please forgive for that........i get mouthy on weekends out of boredom .......not alcohol or pills talking...i don't need anything to get high on but life.........i will say this last thing and will never interfere with daily market stuff....on your forum......Please do yourself a huge favor and buy mark douglas book "trading in the zone".........i have been from 5 years ago start, a long arduous journey to today's system with a man who had and has mor e money than most lotto winners can't even dream of and he wouldnt accept other's input for building his intraday trading company on the ES only heading for the big S&P.........he bombed in this business...after 5 years..why? he wouldn't accept the "2 pt theory " you and I know is the best strategy for slow growth as we learn.......we had 10 traders with 4 contracts beginnning real money on the line from the beginning.......no demo trading....10 pts stops never breakeven or even touch the stop to protect the moves ........only staggered pt targets........starting at 5 pts minimum......inverted risk reward.......not good.......
I hear ya on the "biggest dog " thing. One of the reasons I dont normally post in these types of threads is because of the pissing matches that occur. I dont have time for that garbage. In my example I used 10 contracts as a guide....like you I really dont have an interest in talking about trading size and dollar amount p/l. Only about the trade in terms of point gains/losses.
How much room to the downside on these 2 pointers do you give yourself once you are in? Your style seems very good. I am just curious how much downside ya give, and how you adapt to when the sp book goes postal (early last week where ya had 2-3 point sweeps in the order book in seconds).
here is the next last thing....lol........your last post is so excellent......helping people is my life's work, believe it or not.......this forum and all others will be great for awhile until the lurkers come out from the shadows when they find you won't give them the goldmine...but in the meanwhile the forum should go on as long as you maintain your goals here and i have much confidence in you already to do just that.......i like your honesty and humility......that is a character statement........that puts the frame of mind in the correct place for building a business....people tend to trust those who put others first.......
Mark Douglas is my hero as well......Mark knows a million times more than I ........he can truly read the chart.....i love his books .........first trading books i ever read and and most likely th e last ......but the must know why is not for me........i never care why...... my best system is 100% mechanical....porgie only takes identical signals like a robot......anything but system signal is not relevant.........so obviously needing to know why is irrelevant to me....of course, there is a reason why the price reacts as it does........the reason i don't care why the price reacts up down or sideways is because the system is inanimate totally.........i can't override it unless i am curve fitting or change as u go which i never do.....when my system gives me 2 of 3 answers or 3 of 3 it is a entry signal.....2 of 3 is strong for a few points........3 of 3 is super no brainer entry.....that took 5 years and over 12000 hrs to perfect or find/stumble upon/ whatever .......both entry signals give points......scalping? but longer pt scalping YM......only......ES 5 years ago had beautiful runs ...15 to 20 very common.........now it is not good ............
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