Tight Stops

Status
Not open for further replies.
Just for the interested ES people following this thread

The key right now to the price action is the opening price which is 1328.50

while we are below it the market is sussceptible to falls, yet above it it has to break out above 1331.25 to scare the sellers off.

Time will tell but now we are heading into lunch time and the volume is very low so the majority of large traders will break until around 2pm ET and maybe have another go then to push it one direction ot the other.

This is the reason all the black box systems are no good because they can't read the market for shit.

BBG
 
My system reads it for free and as compared to yours apparently at least as accurate, and without the tarot card terminology.

Must be embarrassing not to know how and when the various index markets lead or follow.

Your system doesnt seem to do well in a consoliating market.

So far this has been like watching a train wreck.

Steve
 
I wonder where Bozo is as he said he would call the market direction for you for free and tell you what it was most likely to do!

Just shows you Bozo is not around as he is either asleep or out on his day job digging holes in the ground.

I often wonder why I bother but I did get a private mail from someone in here who confirmed to me what I think.

He was even more critical than myself as he reckons 99.8% of people in here are trouble making losers.

:-))
BBG
 
For anyone interested, simply take an ES chart and look at the range from the open to the fifth bar or candle

Place horizontal lines at the top of this range and bottom

Now go back and check against Mr. Gilmores comments about today's range

It is a simple volatility system

thats it boys & girls, that is what you get for $2,000 from Mr. Gilmore

Take a look and compare his comments to this chart


Steve
 

Attachments

Quote from steve46:

My system reads it for free and as compared to yours apparently at least as accurate, and without the tarot card terminology.

Must be embarrassing not to know how and when the various index markets lead or follow.

Your system doesnt seem to do well in a consoliating market.

So far this has been like watching a train wreck.

Steve
More...

Big point is Bozo I know when to stay out and you don't
 
Bozo your system must be about to send you long so tell us your entry point and where you will place your stop loss and stop beating around the bush.
 
I realize that I am a "troublemaking loser", but if you refer back to that chart you may see a couple of things.

First, using a simple DDF line through the opening bar as your stop loss, you could have entered long on the open of the second bar and taken a small scalp profit.

Second, as price failed several bars later there is an obvious short trade that would have resulted in several ES points.

My comments are directed toward those who might have read the "ES Journal". In there I pointed out the utility of the DDF line as regards trading the open.

Steve
 

Attachments

Quote from steve46:

I realize that I am a "troublemaking loser", but if you refer back to that chart you may see a couple of things.

First, using a simple DDF line through the opening bar as your stop loss, you could have entered long on the open of the second bar and taken a small scalp profit.

Second, as price failed several bars later there is an obvious short trade that would have resulted in several ES points.

My comments are directed toward those who might have read the "ES Journal". In there I pointed out the utility of the DDF line as regards trading the open.

Steve
More...

Well did you trade it as your post is about 2 hours to late for us to even contemplate your system
 
I have already mentioned that I use the DDF as my stop loss Gilmore. In contrast you have made no calls at all.

Congrats on another off day.

Steve
 
Bozo without complicating issues there is a standard HOOK the opening trade that all professional traders follow.

But then you don't know any professional traders do you?
 
Status
Not open for further replies.
Back
Top