''Why did ES turn there?''

chillibean said:
What about the low on Friday?
Was it obvoiusly gonna make that hard move down?
How did people know to wait for the low? (i'd have jumped in long much earlier if not for people telling me to wait)

For example, this person called this around the market open (when price was 3705):
View attachment 246949

low ended up being 3677.25 followed by a monster rally...
More...
They were probably looking at these areas:-
ES 7478.png

But with that late day rally catching the low, or close to it, was not even necessary. 5 minute 3:45 bar (engulfing previous 18 candle bodies ignoring bottom 2 slightly!!) was all that needed. 9 out of final 12 5 minute candles were black and most were HH's.
 
So you are expecting someone to reveal the edge to you while you yourself decline to reveal the source,, so you can make money. It hardly works that way. Having bookmap isn't sufficient but you have to know how to use it. Not revealing the source is your edge. Similarly knowing where levels could possibly bounce is an edge.
Somewhere above I revealed the software but having that alone isn't sufficient. You have to know how to use it.
 
chillibean said:
Many claim 'orderflow' let them know in advance where the highs and lows would be, and also ohow to pinpoint exact entry. But no books i've read yet on the subject have actually helped much, tbh.
More...

Knowing where a High or Low will form is useful, but it's the stuff in between that's hard, i.e., entering and exiting.

For a big picture outlook on the day - I'm not convinced that order flow tools is of any value. I think that's more for scalping. And even for that - I'm not convinced.

chillibean said:
I've not seen many on elitetrader able to make these sorts of calls so maybe that's why there's not really been much in the way of explanation yet.
More...

Last Tuesday in real time.

ES Journal - 2019/2020
 
RDK91 said:
What is says about me? That i know you are a liar :D!

The last time you published a strategy that blew out was 4 weeks ago ...

So after decades of losing, now you are profitable for how long? 4 weeks at most and aren't even sharing it, so yeah, no wonder i don't believe you ... Funny how you always share your results when you are losing, but whenever you are profitable it is a secret that nobody can see ...

Maybe come back and say you are profitable when you are profitable for 6 months or so. You had your lucky streaks of a few weeks of profit before, but it never lasted.

Even better, wait until you have made back everything you ever lost in the past decades before you claim you are profitable.
More...
why?
you claim i am a liar so you are saying that i lied about losing money.....

so i have been losing money for 30years

who is nuts here

many traders here know that trading H1 H2 L1 L2 IS the most profitable and simple strategy.

i lost money before i started using this.

maybe 95% lose money because they do not use this...
 
Last edited:
RDK91 said:
Even better, wait until you have made back everything you ever lost in the past decades before you claim you are profitable.
More...
why?

all great traders Seykota Brooks and others did they win back all their losses before claiming they were profitable?

Brooks admitted he lost money for ten years.

if i was a liar why the hell would i have old the world that i lost money for 13 years?

and in that time i was studying Brooks....today i have finally understood him.

but this is not court of law....i do not have to prove anything ..........

you say i am liar.....and all i have said these 13 years is that i lost money

so that means i was actually profitable ......by your own reasoning
 
You must log in or register to reply here.
Back
Top