system 100% each day avg # trades 8.......YM NQ ES ........can this be true? volente tell me what my team is using?
S/R Emini Journal
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majic
no vol it is just good as my search is over...not 100%...just good...enough....YM only .....dayrading stills/r trading is just one of many approaches....i personally don't pay any attention to hardly anything....just stuff i have gathered over the years that still work well enough for me to have confidence in.........trend stuff etc just another in the crowd. good trading...i hope u joey jm and i can chat again some late night. i enjoy the typing over each each.......lol....bro and i will start ymz6 monday...
Quote from Patricio:
I should have said: "As we all know mechanical systems will only work over certain market conditions and markets are changing all the time. Based upon that FACT......"
But, anyway I get the point.
Don't get me wrong. I do understand what you are saying. There were several trades this week I could have taken. That bull flag yesterday I probably would have taken if I had the time but the market was moving so slow and I knew that I needed to leave. You have to undrstand up until recently at least one of my trades had been entered and complete by 9:00 every morning and a lot of times I could have 2 trades by 10:00 CST. So now that we are in a very choppy market with such a tight range I prefer to sit out and be patient until the market comes back to me.
When I need to get a trade done there are other ways I can get into the market S/R is my main method but it is by all means not the only tool in my toolbox. Maybe I don't use RSI or MacD or any of those other indicators just to get a trade done but I have my chartpatterns which serve me well when in need.
Stay in this journal long enough and I'll show you something besides the no trades messages.
i have been quite serious with comments about your approach 4re..........anything that works trade it until it won't work anymore. with failures being inevitable....the scalp system is best...i personally don't anymore as we ride the runs now...short or long.....that took years i don't wish on anyone... th e 2 pts target is fantastic...the man i worked for originally had a 5 pt target....when i began there i immediately told my supervisor/friend that 2 pts each time was ducksoup...why don't we do that? he said boss said he had system figured out and we could never exit until 5 seen. 10 pt stop with never moving stop to b/e or trailing for longer point target people....5 yrs later didn't find fortune...didin't need another one anyway....if he would have kept his idiot floor bosses off my back as i never break rules an d challenged them when they did, i could have used my tenacity and worked this thing out in a couple of years, using his programmers and my unbelievable pursuit of one of the rare codes to the markets........i found it but maybe not worth the sacrifices......time will tell...... he was only es intraday....moving to big board 10 people 20 conts........big dreams ....had the money, not the system........u have a money making system...when u move to more aggressive you might encounter some changes but better to be more aggressive with the contracts not the points..............best wishe an dhappy trading tqpg
No. I have been travelling, living in different places for the past year. However, I normally live in London and will be back there permanently from mid September. I used to live in the States a few years ago.
Rick,
Sorry about your losses today. That is exactly why I don't play around with other systems out of boredom. I would imagine looking at the volume and the range that the big players all took the day off today as well. I am not one of them but if I ever plan on being one I must trade and think like they do.
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