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S/R Emini Journal
- Thread starter 4re
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Quote from brightstone:
If it turned up after 3 ticks was going to get out but didn't get my fill. Reversed back up to 1331. Sl at 1332.
bstone,just some friendly advice..........always stick those stops on the .25`s & .75`s..................never on .50 or .00`s
if your stop was at 32........always go the extra .25...........price action will always be driven to the whole & 1/2`s......small trick that`s saved me from being stopped & kept me in the trade many times over the years.
nice trade today,romy.
good trading,steve
4re, just checking in to see if u r late nighter like me.......seriously, the early day before nine our time is not best trading too much of the time...9 oclock is a settling down time for eminis and stocks usually.......but i like to watch my brother no p;orgie name is charles.........grab the early stuff and watch the huge bars whippin g up an ddown as he loses his breath trying to catch it.........emini's best to wait for 9.........most of the time.....my old boss had confirmed that with 2 yrs backtest 5 years aogo es.......he was ES guy only........have a great bunch of fun........how did u like the brain reprogrammning nin your labs comments .........u don't do that i know but neurological made me say something stupoid like t hat.......no, i am not drinkng but typing says otherwise.....have a grea tone and be careful with that trading stuff.......
i love pirate movies......the old ones ........just saw captain blood errol flynn
Quote from Spooz Top:
bstone,just some friendly advice..........always stick those stops on the .25`s & .75`s..................never on .50 or .00`s
if your stop was at 32........always go the extra .25...........price action will always be driven to the whole & 1/2`s......small trick that`s saved me from being stopped & kept me in the trade many times over the years.
nice trade today,romy.
good trading,steve
How true. I will take heed of that advise my stop was on 1332 and was promptly taken out.
The insights are making me a better trader.
Down for the day, feeling no guilt and ready for tomorrow.
Alan.
stops seem to be the most critical lessons to learn.........initial and trailing........
finding a system that is good enough to cause gradual building of confidence as tests prove it over and over to be dependable........then trade the minimum #contracts demo trading........then do the same stuff real money realtime......takes a long time to get there.....it is worth it but it is costly emotionally and financially......the reason most fail is they simply give up....but the ones who work long enough and their middle name is tenacious has a good chance, once they bury the greed, ego, fear, arrogance, competitiveness, and acquire complete humility......have a chance to make it.......
Quote from 4re:
I think this has a lot to do with the fact that you wanted to learn something but instead of reading about and looking at you have tried to master it (I say tried because we never fully master). The same way I try to do with my method. If I am not mistaking you use this about the same way Romik and I use T & S don't you?
I spent close to a year with the product. I had it on a separate dedicated PC. I checked it constantly, every second. I read the tutorials. I discussed things with customer service.
Just because I want to learn something and I try to master it doesn't make it so.
Believe me, the concept is brilliant. I do love to see price behaviour at the various levels. It does tell me a lot about bids vs ask. I just found it had way too much noise for me. The delta number was unreliable.
I think if I only used it, and S/R, that I may have made it work.
I'm not trying to be quarrelsome. I wanted to point out that your generalization is not accurate.
Quote from johnpinochet:
Believe me, the concept is brilliant. I do love to see price behaviour at the various levels. It does tell me a lot about bids vs ask. I just found it had way too much noise for me. The delta number was unreliable.
What "delta" number (specifically)?
...and how is the number unreliable.....unreliable to do what?
Help me to understand what you were trying to use the "delta" for.....thanks.
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