Tight Stops

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Now lets go a step further while old Gilmore trys to find a clean glass in his cupboard.

We are approaching the end of the NY lunch hour.

What if we started all over again using the 1:00 EST bar or candle as our "opening bar" and again putting in horizontal lines to show a 25 min volatility area.

What would happen if we entered long above that 25 min limit area, and short below with that new DDF for a stop loss?

Steve
 
Quote from ttw144:

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?
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and you have been kind enough not to mention it to anyone here until now

I am sure that one is for sale for another $2,000
 
Quote from steve46:

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
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Well if you want to trade in this mess go ahead, I don't, I could get more fun out of standing in a cold shower.

I want an opportunity to put at least 20 contracts on for a fast thrust all you want is to prove your deviation lines work on one contract.

You would be better going back to digging holes.
 
If you had known how the indexes interact Gilmore, you could have put on 20 on the Russell.

You dont

Instead you were busy calling us all "dopes"


Here is the Russell chart showing the bounce off yesterday's open
(the one you missed trading evidently)
 

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It's amazing how big of a dope your are Bozo.

Didn't I say within 2 minutes of todays low of 1326.75 that tthe market should find support within 2 ticks.

Or did I not?

Go back and read the posts.

Does not mean I had to trade it just knowing was enough for me under the circumstances.

Grow up Bozo you are outclassed in all directions.
 
Here is a last chart of the Russell

As you can see, trading off the DDF and the 25 min limits works pretty well, and it is free.

You simply make your rule set for entry and exits (I look for 2 point pops minimum).

I "suggested" a possible rule set over on the "ES Journal" thread for testing.

After that it is a matter of finding a decent R/R to trade

Check the chart


Steve
 

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Yes Gilmore, you should be given an award for predicting the bounce off yesterday's low (Russell Chart).

Bravo

My point is a simple one. We don't need you to do this. We can do it for free. We can do it just as accurately if not more than you have.

I think the point has been made

Steve
 
Quote from steve46:

Hello Folks:

What Mr. Gilmore calls a "1:1" is simply a bounce off yesterday's low of the day.

Happens all the time.

You can see it on the chart I am posting and if you keep your eyes open, you can catch the bounce by seeing how price acts as it hits that point.

No need to pay anyone to learn how to do that.

Just use common sense.

Steve

Sorry Vikana, couldn't resist
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Bozo has spoken again with his head squarely jammed in his ass - you are the biggest dope I know right now.
 
By the way folks for those serious about using this method. I always include the daily, weekly and monthly pivots.

If you go back and look carefully at the charts I have posted you will see that there is a tendency for price, once it clears one pivot, to move to test or at least touch the next. This seems to be true of the Russell more than other indexes.

Sorry to keep sinking your ship Gilmore, but thats life.

Good Luck Everyone

Steve
 
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