S/R Emini Journal

Status
Not open for further replies.
Quote from JimmyJam:

Here, I'll give you the short answer.

I don't know.

Jimmy
More...
What leads you to see 1269 as support since yesterday's RTH low is at 1266.75? Just curious. I used 1269 for the last several days as a key reference area, but I don't see it as a strong support area any more.

Of course, any number can act as support and it all depends on the action around it. However, I was curious how YOU see it.

Thanks.
 
Quote from FuturesTrader71:

What leads you to see 1269 as support since yesterday's RTH low is at 1266.75? Just curious. I used 1269 for the last several days as a key reference area, but I don't see it as a strong support area any more.

Of course, any number can act as support and it all depends on the action around it. However, I was curious how YOU see it.

Thanks.
More...

No prob.

That's why I don't actually trade off of S/R as I mentioned previously to MDT.

It takes a practiced eye to see it, and I can get the same results using my own methodology.

Later,

Jimmy
 

Attachments

4:15pm ET

Another week has come to an end.

Fortunately for moi, a very profitable week.

The trick is to be able to string'em together, and then start leveraging your returns by compounding (increasing the number of contracts) while applying the same consistent method(s) over and over again.

Believe me, it's harder than it sounds.

Have a nice weekend everyone.

Jimmy

P.S. So how you holding up Gary, uh, the absence of your posts tells me that your still looking for that edge ... :p
 
Quote from JimmyJam:

...The trick is to be able to string'em together, and then start leveraging your returns by compounding (increasing the number of contracts) while applying the same consistent method(s) over and over again.

...Believe me, it's harder than it sounds....
More...

Compounding is actually a very risky strategy, if you look at a basic scenario where 3 compounded consecutive gains can be wiped out by the 4th trade (compounded), which is a loss. Of course this is a very basic example, perhaps you are referring to a very conservative compounding, but I am not a supporter of compounding in any form. When I see TC yield increase over time, then I would increase position size, which will always be in line with max risk to TC.
 
Quote from romik:

Compounding is actually a very risky strategy, if you look at a basic scenario where 3 compounded consecutive gains can be wiped out by the 4th trade (compounded), which is a loss. Of course this is a very basic example, perhaps you are referring to a very conservative compounding, but I am not a supporter of compounding in any form. When I see TC yield increase over time, then I would increase position size, which will always be in line with max risk to TC.
More...

Without going into too much detail, the money management stategy has a direct relationship to the positive expectation of the trading methodology employed.

Compounding using a method which has a very high positive expectation and delivers many opportunities during the day for 2 pts of profit will generate maximum returns in a very short period of time.

But thanks for your input.

Jimmy
 
Quote from volente_00:

Ignore the rules and you pay the price.
More...

You the know game.

Back-and-forth, forth-and-back.

Just catch the next one, and the next, and the next.

Later,

J
 
Quote from 4re:

Hey JJ,
I am back, looks like I missed one heck of a week. How did you do for the week?
More...

Hey Gary,

Welcome back from PartyTown to party town!

In a nutshell, I dumped the divergence trading, limit my losses, keep my gains, only go with the predominant trend and only enter the market during the "optimal time windows".

The result?

Sweet. At the very least I'm ending the month on a positive note, and really looking forward to the coming week.

Let's keep it going.

Later,

Jimmy Jam
 
Quote from JimmyJam:

Hey Gary,

Welcome back from PartyTown to party town!

In a nutshell, I dumped the divergence trading, limit my losses, keep my gains, only go with the predominant trend and only enter the market during the "optimal time windows".

The result?

Sweet. At the very least I'm ending the month on a positive note, and really looking forward to the coming week.

Let's keep it going.

Later,

Jimmy Jam
More...

It sounds like a positive week for you. I hope the market can keep it up for another week. I think you will feel much more relaxed trading in the direction of the daily trend instead of fighting with it. Hope so anyway.
 
Status
Not open for further replies.
Back
Top