What was your "a-ha!" moment?

[Drawdown Addict]

LMAO. There has been NOBODY on this forum who has posted more live trades than me. And I ain't making this up.

Seriously, have you never visited the ES Journal section? I've been posting real time trades since 2007. Here's my most recent trade with a comment on what I predict for tomorrow: https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-574#post-5879113


Would I do that? Could I do that? Can I do that?

You bet your ass I can. (Dude, you're shameless.)

Ok let me set up a website, you will be able to enter trades there. It will be very easy to use.

Parameters will be:

Symbol
Entry time
Entry level
Target Level
Stop level

We will assume a minimal size for simplicity.
The reason why I want to setup a website is because I can run statistics on your performance. You won't be able to edit your trades once they are posted, and we don't have to read comments that will distract the challenge, just the trade will speak by itself.

The challenge will be open to anyone who wants to join.

 

[schizo]

Pick, for example, the NQ futures market. Post your trades live as they are in the moment.

Alright, I'm gonna take a stab at NQ as you suggested. We have HL forming. Let's see if it will stick as I anticipate.

 

[schizo]

Ok let me set up a website, you will be able to enter trades there. It will be very easy to use.

Parameters will be:

Symbol
Entry time
Entry level
Target Level
Stop level

We will assume a minimal size for simplicity.
The reason why I want to setup a website is because I can run statistics on your performance. You won't be able to edit your trades once they are posted, and we don't have to read comments that will distract the challenge, just the trade will speak by itself.

The challenge will be open to anyone who wants to join.

Report back when you're done.

 

[schizo]

Alright, I'm gonna take a stab at NQ as you suggested. We have HL forming. Let's see if it will stick as I anticipate.

View attachment 325522

Just sold at 15052
+ 10

This is just a scalp but I think there's more room to go higher.

 

[schizo]

Back in long @ 40.75
SL 1 tick below previous bar.

It turned out to be LH, so technically I shouldn't have entered long here. We'll see how it goes for now.

 

[schizo]

Back in long @ 40.75
SL 1 tick below previous bar.

It turned out to be LH, so technically I shouldn't have entered long here. We'll see how it goes for now.

View attachment 325523

Stopped out at 34.25 (as expected). I guess the moral to be drawn is don't go against your better judgment.

 

[Drawdown Addict]

Stopped out at 34.25 (as expected). I guess the moral to be drawn is don't go against your better judgment.

Ok, good test, let's set up something easier to handle.
Thanks for posting your trades.

 

[schizo]

We just finished with a bullish bar. BUT it's still LH. So it's better to wait for a confirmation. In this case, you're (or me in this case) to wait for a second entry long, a term that Padu likes to regurgitate these days.

 

[schizo]

Ok, good test, let's set up something easier to handle.
Thanks for posting your trades.

The easiest is that you come and hang out at the ES Journal with the rest of the gang who are actively posting trades and exchanging ideas during the RTH hours. But if you still want to go the challenge route, I won't object (even though I don't know what's in it for me).

 

[schizo]

We just finished with a bullish bar. BUT it's still LH. So it's better to wait for a confirmation. In this case, you're (or me in this case) to wait for a second entry long, a term that Padu likes to regurgitate these days.

View attachment 325532

As you can see, the bullish bar turned out to be a failure. This is considered the Failed First Entry. In fact, MOST first entry longs are failures. Keep that in mind.