Quote from MandelbrotSet:
... and it takes years to break the information down to this level and then reconstruct it so that you are able to make intelligent trading decisions, consistently.
But I believe that is what the OP is striving for, and I wish'em luck.
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I have been trading in one form or another for twelve years ... started with Fx, and onto indexed futures and finally only ES.
There are three distinct periods.
First seven years were typical of a traders startup .. make some, lose some and eventually crawl onto the right side of the ledger.
My results were beginning to show good consistency.
Next three years, the penny was buzzing around my head there had to be a better method.
All the time my strategy was becoming more refined and my numbers were improving.
Two years ago, the penny finally dropped.
I discarded everything except for the screen images of the ES price burnt deep into my slow-to-learn head.
When I say "burnt" I mean burnt from thousands of hours of watching the price.
I went back to the tic and reformated a very very simple strategy ... heavens, even I can follow it.
Now when the ES turns, my little old limit is sitting right there waiting patiently for it.
For the most part, I am pulling tics from the noise. I like the the noise, I feel as safe as one can feel trading ES.
When the price drops , I am all over it.
I love the drops, they are fast and relatively secure.
When price is climbing I am very nervous because this is where the black swans nest and lay their eggs.
Quite the reverse of most postings here on ET I am sure.
However, when you prepare or review your list of all the things that can go wrong, you will notice that it is asymmetrical.
Fear outweighs greed always.
And so I ratchet up my account each day as best I can.
Anyway, I pass this on to those who are interested for what it is worth.
regards
f9
