Quote from T-REX:
...I dont think so. To the unbelievers it doesnt matter what I post here in "Realtime"! It doesnt matter that I may have the uncanny ability to correctly forecast price movement. they will still be skeptical and find a reason to doupt...
T-REX,
Thanks for the response.
Everything is clear now
Something is odd about your above statement and a few others...
If you have a 93% rate...why do you use the word
hope and
I'm either an IDIOT or a GENIUS???
For some reason...you don't seem to sure about your methodology via those above words.
Why is that???
Further...if you know it doesn't matter what you do in your journal for the unbelievers...
(so far you don't have the uncanny ability to correctly forecast price movement)
Why bother trying to prove something to them in the first place?
You did say your journal is all about
proving something.
Now...for those that do believe in your trading ability...
so far you have not given them anything to believe in nor to go tell their pals to come watch this guy post his trades in realtime.
Right now...the odds are stack very high against you...
Also...your going to need to pick up the pace with your trading...
here's why.
I truly don't believe your journal will last long enough for you to prove your point.
You've made 3 losing trades this week (I've excluded the profitable
in retrospect trade).
Also...for volatility breakout/breakdown traders...not every day with produce a trade signal. Therefore...lets pretend you'll have one day per week that won't be tradable (no signal, computer problems, personal reasons or whatever).
Lets say based on those 3 trades...you continue averaging about 3 trades per week...
To have +40 consecutive winners (93%)...your journal must continue for the next 13.33 weeks.
Today is Sept 5th and you'll most likely prove to everybody your right about the 93% almost mid December based on 3 trades per week...
unless you pick up the pace in your trading.
Therefore...its rare to see a trading journal last that long here at EliteTrader.com
Simply...I truly hope you can prove your methodology before you grow tired of your journal as so many others before you have done when trying to
prove something.
Out of curiousity...you promise something via the below statement...
Quote from T-REX:
...Stay tunned.....I will try to reveal alot of my daily set-ups and many trading secrets to trading the E-mini's on a consistant basis that will earn you daily profits and ketch atleast 1/3 rd of weekly and monthly bars!!!!!!!!!!
You simply have to see me do it to believe it!!!!!!
...
When will you discuss those
trading secrets???
The below statement is also odd...
Quote from T-REX:
...Theres alot of BS out there of people who talk alot but don't trade. I'm here to rectify the problem.
My mission is to help as many traders as possible to learn how to navigate the muddy waters of the "SPOOS" by way of the E-mini S&P 500 Futures contract...
What have you accomplish so far when it comes to helping as many traders as possible???
Something else...you below statement about the number 10 caught my eye...
Quote from T-REX:
...If your system losses 10 trades in a row......IT DOESNT WORK!!!
The premise is FLAWED!...
Why 10 trades...why not 7 or 5???
Will you continue your trading journal if you hit 10 losing trades in a roll???
Last of all...back to those secrets of trading...
the stuff you've called secrets aren't secrets.
They've been posted many times before here at EliteTrader.com
Quote from T-REX:
...Secret #2
The market gives you a high probability on direction without charts or technical indicators. A true Professional Trader knows how to look at price action without a chart and determine where to trade for the day. @ 10:30 am EST the professional money enters the market and will determine market direction until lunchtime. then the market will chop sideways until 1:30 - 2:00pm then momentum will usually pick up and around 3:00pm a new leg up or down is created i.e. (A new high or new low will be posted). That leaves 2 major trading oportunities each trading day.
In short, if the morning high or low is not taken out by 2pm EST then look out .....here comes the reversal.
...
The above may be new info for someone new to trading...but not new info for someone that's been trading a few months nor for someone that's been reading many of the informative message posts here at EliteTrader.com
Therefore...where's the
real secrets...something that hasn't been discussed here at ET a dozen or more times before???
Yet...I will give you credit for some comments you've made that may have shed light on how some orders are filled...although you never referred to such as secrets.
I also like the fact that you make use (trading tool) of the all session globex info for the Eminis...many traders don't.
In my opinion...its key info that shouldn't be ignored (resistance high and support low).
Another question about the below statement...
Quote from T-REX:
...As for the 93% win rate it is based on the number of trades taken & the # of wins generated over a 3 yr period.
Although this is not my chief system or overall strategy I always find myself comming back to it from time to time and I thought that by creating a journal in realtime would help many a trader looking for a robust methodology...
What do you mean by saying...
I thought that by creating a journal in realtime would help many a trader looking for a robust methodology.
I've now read many pages (not all) in your journal...
I'm exhausted because I have many more questions in my head.
Good luck and I hope you prove your 93%...
Heck..even if you got only 70%...that's better than most that trades with real money.
And don't jump on me about if I have a journal or if I post my trades in realtime...
I do.
I'll check back in early December to see how your doing so far (sarcasm).
Time for me to start enjoying the weekend. Bye.
P.S. I do consider the above constructive questions that merits an explanation.
However...its your journal and you can choose to answer or ignore whom ever you want.
NihabaAshi
