My, my, how slippery we are all of a sudden. You refer again to my lies and misquotes and can't come up with a single one. You accuse me of stealing Mike's ideas, but can't come up with a single example of my having done so. And referring to a thread that no longer exists is a nice touch.
As far as my reply to Genesis, here it is:
Genesis:
Db, and others. I have opened an acc't with IB for ES trading. The plan I am using is based on resistance and support #'s. Using your setup ,Db. Traded for six days, down 2K. The first three days, I only tape read, using 30 Indus. Avg, TICK, and S&P cash index. When all three were down, I would sell the ES just by intuition. Traded only one contract. Forgive my small #'s...First day 8 trips, $212+; day 2, 15 trips, $375-; day 3, 13 trips, #275+, Day 4, I am sorry to say, 33 trips, $1234-, Paper traded the next day; Day 5 ,5 trips $112-, Today 10 trips $387-. I have been using a EMA crossover method past 2 days buying on up and selling on down of cross of 1 pt. Using Db method of buying on 2 pt. above opening or reaction Hi and selling on 2 pt. below opening Lo or reaction Lo. Am I being to simplistic on using those indicators? I know I overtraded on the big loss day trying to make up. When I look back at Db method, it works. My stops I feel comfortable with is 1-2 pts. Will the crossover method work with such a stop and with Db method?
I feel like I have rambled on...I am just frustrated. What help can you give me to make me profitable. Have I just been in a choppy market too often? Thanks in advance, and I welcome any private e-mail. Thanks. Tony!
Db:
I'm not sure how to respond to this, Tony. What you're doing has nothing to do with the strategy I posted. It doesn't use the DJ or the TICK or MAs of any kind or anything else other than the NQ or ES, nor does it use stops as tight as yours. And you should be making at the most three trades a day, if any. And God knows intuition should have no part in it. If anything, it's supposed to be a no-brainer strategy once you've decided what bar length you want to use to define the opening high and low.
Where did I say to enter on reactions?
--Db
Genesis:
Thanks, Db and others. I am mixing strategies with other ideas elsewhere. Question... Would you place a 5 pt. stop on the ES also using your breakout range method? Can you also explain how you use volume in your decision process, if any. Thanks, Tony!
Db:
Would I use a 5pt ES stop? No. But it depends on how you define being wrong. As for volume, I don't consider it. It's amazing how fast traders will jump into a move when it goes past a certain point, even though volume may have been zip beforehand.
--Db
Is that it, inandlong?
It's not my fault that you couldn't keep The Importance of Simplicity thread going. My leaving your "jurisdiction" should have had no effect since the ideas weren't mine. Perhaps your deleting Mike's posts had something to do with it.
What seems to frost you most is that I don't admire you as much as you think I should. When you grow up, maybe I can begin to do so.
--Db