The Trouble With Scribbles

[Buy1Sell2]

Long 4480.00 Initial stop 4450.00

Trade will be exited at 4497.50

 

[knutkase]

--04/29/2015Current position is short from 4484.75. protective (not reverse) stop is 4524.00.
--04/30/2015. Afterhours pm. Stop remains the same

What happened to the 4484 short with a stop at 4524? You can't go long if you're still short.

 

[knutkase]

Integrity being such a large part of B1S2 posts, a reminder of B1S2 stats from the ever popular ES Journal. Page 157, ES Journal 2015

 

[Buy1Sell2]

Trade will be exited at 4497.50

If profit target not obtained during RTH, target will be removed and trade let run to either higher level or stopped out.

 

[Buy1Sell2]

The Scribble method continues to be unremarkable as no longs or shorts have been taken and no commissions have been paid.

 

[dbphoenix]

What happened to the 4484 short with a stop at 4524? You can't go long if you're still short.

 

[Buy1Sell2]

Price would need to close below 4200 for the long term trend to change officially. In the meantime, longs should have good opportunity to win using prudent money management.

 

[Buy1Sell2]

Buy signal here on the 5. Doesn't fully agree with the 15, so what do we do?

 

[dbphoenix]

The Scribble method continues to be unremarkable as no longs or shorts have been taken and no commissions have been paid.

The Squiggles Method appears to be quite remarkable as it allows one to be both long and short in the same instrument at the same time. But brushing aside all the kerfuffle, the fact remains that after four (five?) trades, all losers, the Squiggles Method is 70pts (at least; stay tuned) in the hole. That's $1400. Per contract. Assuming 10 contracts, that's $14,000. How many beginners are willing to risk $14,000 trading a "system" that appears to be largely imaginary?

 

[romik]

...the Squiggles Method is 70pts (at least; stay tuned) in the hole...