T-REX Journal

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T-REX

Are you considering a reversal now at 1023.50, similar to Tuesday when you stopped out and then got back in after a pullback, but did not say anything until after the market closed. I think it would be less ambiguous if you say now, rather than come back at the end of the day and say that you managed to reduce the days loss by having a successful reverse trade.
 
Quote from macal425:

T-REX

Are you considering a reversal now at 1023.50, similar to Tuesday when you stopped out and then got back in after a pullback, but did not say anything until after the market closed. I think it would be less ambiguous if you say now, rather than come back at the end of the day and say that you managed to reduce the days loss by having a successful reverse trade.
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Great point!
You are absolutely correct!

No I am not going to take an afternoon play off a possible retracement today. Although it is possible that we could see another leg down this afternoon or toward the close that would take the mkt toward 1019.00 I dont have a signal for this.
So i must be honest here today.

Thanks for the reminder.

p.s. now because I've said this watch the mkt rally to 1100.00!!!
:mad:
 
"Getting out with a 7 pt gain was not predetermined I just felt like taking profit....in hindsite it was the right thing to do but there was no majic or secret to me getting out."

What a load of crap.. good luck learning this guy's "system"
 
it never ceases to amaze me how mental some of these people are. they come here and start a circus all the while knowing they can't trade, and they get great satisfaction out of it.
 
Quote from richsan:

Well I do have respect for someone who is willing to post realtime trades AND cop to the losses.
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That is why I respect the guy and it makes it interesting to read.
I also have no doubt about this system performance (may be not 93% for today's market)
you gotta have REAL balls to sit through the draw downs or big losses and he sounds like he has traders personality, honest, doesn't change his system every day, very calm.
 
Working Orders:

Buy Stop-Limit @ 1031.00
Sell Stop-Limit @ 1019.75

11.25 pt stop-loss.

30.00 pt profit target!!!
:)
 
T-Rex,

I must say that if your system proves itself, this would be something that might work for me. Recently, I find my responsibilites taking me away from intraday trend-following the ES.

I have been searching for a system like this that would allow me to enter my numbers on the platform the night before. However, you must put speakers in the bedroom to listen for your fill to enter in the stop and the target. I guess the IB users and others that have OCO capabilities do not need to do this.

If one were to just trade once a day and exit on stop/target/MOC how would this effect the win rate and profitability? Is your profitability and winrate posted dependant on re-entering intraday? Also without the use of BE trailing stop for unattended RTH traders how would this effect the winrate and profitability.

Also you catorgorize the trading days into types with a method of forecasting, which seems to be key to your volitility model......this is perplexing but "smart-adapt" to the current situation and I find it to be necessary. How you do it must be based on statisical observations of patterns and comparisons of highs and lows vs. S/R.

This canned method using forecasted day action as the sliding scale is interesting to me personally, and I hope it is simple enough for me to understand and try to trade. I want to see more if you will be so kind.

Michael B.
 
T-Rex,

Just to confirm.

Enter in 2 orders......and wait for the fill:

short 1019.75
long 1031.00


after the fill.........cancel the open order and bracket in the 3 point target and the 11.25 stop.

then if filled with the stop or target cancel the open order and quit for the day......if not exit at MOC and wait for your next PM post for Sunday Entries.

This is too simple

Michael B.
 
Quote from ElectricSavant:

T-Rex,

Just to confirm.

Enter in 2 orders......and wait for the fill:

short 1019.75
long 1031.00


after the fill.........cancel the open order and bracket in the 3 point target and the 11.25 stop.

then if filled with the stop or target cancel the open order and quit for the day......if not exit at MOC and wait for your next PM post for Sunday Entries.

This is too simple

Michael B.
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You are correct.
:D
 
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