There is the range (high-low) and there is available points (the total points of the main swings). Market had 30 points down and then 30 points up (actually 32.50 down and 29 up). An intraday swing trader's goal would be to participate in each of those two moves and capture the bulk of points available in each. @i am nobody has made multiple posts of this aspect of his trading in the past. I have found it useful to track these swings in an excel spreadsheet. I have found it to be very helpful in keeping in a trade during a reaction (not mistaking every reaction for a reversal).
SP500 - High Probability predictions for 2016
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There is the range (high-low) and there is available points (the total points of the main swings). Market had 30 points down and then 30 points up (actually 32.50 down and 29 up). An intraday swing trader's goal would be to participate in each of those two moves and capture the bulk of points available in each. @i am nobody has made multiple posts of this aspect of his trading in the past. I have found it useful to track these swings in an excel spreadsheet. I have found it to be very helpful in keeping in a trade during a reaction (not mistaking every reaction for a reversal).
This has clearly turned into a pissing contest, which was exactly what I wanted to avoid from the start. Now, what you've wrote is perfectly possible. Yes, you can ride the trends, time after time. Had you read my posts back in 2008-10, when I actively posted in "ES Journal", you would also know that I too rode trend after trend. But this requires flexibility that, in turn, requires rather a large stop. Unfortunately, I can't be that flexible trading a $10,000 account.
But the question is what does it matter to you or @i am nobody how much I make (or lose)? Why is @i am nobody so hell bent on discrediting me by spreading lies about my P/L?
Put it into perspective...roughly 100 pts per month, trading 1 contract with a starting value of $10k...That's more or less doubling the account in 2 months and yet he's getting grief from the peanut gallery...
I'm sorry, schizo. It doesn't matter to me at all. I was just answering your question concerning the RTH range:
I have no problem with what you do or how you do it. I was simply making the case throughout the day that while some do not see value in i.a.n's posts, I do. As I said before, I do think you have the best journal going here at ET and I enjoy following along. You have misunderstood my intent, which was to preserve peace between you two if possible. I certainly did not mean to inflame matters further. My apologies to you and to i.a.n. if I in any way exacerbated the situation.
I NEVER said the range was 60 points. I said that the two moves , down and up were 60 points. Try to read correct.
Whining all the time "IAN is lying", but at the same time tell lies yourself.
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I saw in past somebody trade like Schizo. He doubled his account from 1 to 2 million dollars in 1 year. No real system but a lot of guts. The next year he lost about 10 million dollars and was completely broke.
The fact that he makes "good returns" does not mean he has a good system. For that he should survive at least a few years. Temporary good returns can be the result of luck too. Future will tell.
20 years? Don't be naive.I think he's been making a good living at this for about 20+ years, lol! I'm sure he'll be fine
If you are well off during 20 years, you don't need to boost your ego in a forum.
His posts show he still needs to improve (a lot).
CM
'Naive' would be believing the posts of people claiming to catch every swing in the ES! :lol:
Hard to believe people are picking on schizo. Just about the only poster here who can back up what he claims. If you believe there's a magic holy-grail out there that can predict and catch every move, you're in for a rough ride. Real trading isn't like that.