No need to be "clever". You are on some ego trip with all of your worthless platitudes and assorted pablum.
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
No need to be "clever". You are on some ego trip with all of your worthless platitudes and assorted pablum.
Consider this a PSA for anyone else who comes across this deranged idiot, "wtfauoa" who seems to profess "great knowledge" but was asking these questions 3 months ago. Like I've said before, par for the course with this site where you have newbie's pretending to be "Market Wizard's"
wtfauoa
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MoneyMatthew said:
If you want to trade the ES just because of low margin requirements then I hate to
burst your bubble but you need at least a $5K bankroll to trade 1 contract. I don't
care if you have $400 margins. To survive and make a good attempt at trading it
you need a bankroll to weather the storms.
Unlike any tips you have received so far this one I am about to share with you
is based on actual stats (backtest yourself to see). The first 10 Minutes to
30 Minutes of the Cash Open (8:30AM CST) has the highest range (HIGH-LOW) than
any other time period besides the Close 90% of the time.The 90% stat is from the
ES. If you want to scalp with a tight stop then this would be the best time of
day to do so in my opinion. Any other time of day and you will get chopped up.
Correct me if I am wrong?
You are daytrading the ES throughout the day, but focus on the first 10 to 30
minutes for tight stop scalping due to this time being the most trending period,
as we will see the High and Low of the day being put in the first 10 to 30
minutes 90% of the time?
Tight stop trading from 09:00 CST is a lot more risky as the ES will be more
choppy?
The close of the day time is the next best time after the first 10 to 30 min
for less choppy trading?
wtfauoa
253
Posts
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@Stocktracker , the first question I have for you is what style of trading you
use in order to daytrade the ES? You can be as brief or as detailed as you like,
but I would appreciate if you could make it as simple as possible so that I can
understand what you are talking about.
wtfauoa
253
Posts
33
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I am interested in daytrading the ES and would like to ask some experienced ES
daytraders a few questions. If you are in this category, I would be grateful if
you could reply here?
wtfauoa
253
Posts
33
Likes
MoneyMatthew said:
If you want to trade the ES just because of low margin requirements then I hate to
burst your bubble but you need at least a $5K bankroll to trade 1 contract. I don't
care if you have $400 margins. To survive and make a good attempt at trading it
you need a bankroll to weather the storms.
Unlike any tips you have received so far this one I am about to share with you
is based on actual stats (backtest yourself to see). The first 10 Minutes to
30 Minutes of the Cash Open (8:30AM CST) has the highest range (HIGH-LOW) than
any other time period besides the Close 90% of the time.The 90% stat is from the
ES. If you want to scalp with a tight stop then this would be the best time of
day to do so in my opinion. Any other time of day and you will get chopped up.
Correct me if I am wrong?
You are daytrading the ES throughout the day, but focus on the first 10 to 30
minutes for tight stop scalping due to this time being the most trending period,
as we will see the High and Low of the day being put in the first 10 to 30
minutes 90% of the time?
Tight stop trading from 09:00 CST is a lot more risky as the ES will be more
choppy?
The close of the day time is the next best time after the first 10 to 30 min
for less choppy trading?
wtfauoa
253
Posts
33
Likes
@Stocktracker , the first question I have for you is what style of trading you
use in order to daytrade the ES? You can be as brief or as detailed as you like,
but I would appreciate if you could make it as simple as possible so that I can
understand what you are talking about.
wtfauoa
253
Posts
33
Likes
I am interested in daytrading the ES and would like to ask some experienced ES
daytraders a few questions. If you are in this category, I would be grateful if
you could reply here?
Thing is that I can BLASH and BHASH at the same time... guess how?
@wtfauoa , your writing style and directness is very reminiscent of nysestocks
Could be just coincidence of course
Hmmm, I got the exact same impression...
what if instead of Box we say candle? isn't it obvious?
Nice to see some bringing the topic back on track!
Well then, does the box/candle/widget need to be defined by increments of time?
Ahh geez. wtfauoa (What The Fuck Are U On About) is back? Thought he disappeared before the holidays, and was gone for good. Simple live ES charts marked up with entries and exits is all he/she/it asked for. Not good enough, once they were posted.
Now I see in another thread he/she/it is now going on about The Matrix, and how trading is linked to the philosophy of Descartes. He/she/it really is out of his/her/it's mind.
"What's really going to bake your noodle is would you have done anything different if I hadn't said anything."
That predates Descartes by thousands of years, wtfuoaoafroiyua. Use your baked noodle and think about it a bit more deeply to find your answer. Quid pro quo.
on any TF, are you ever able to guess where the next candle is likely to be? if so how can you use that? remember 100 penny makes a pound...
Market is full of deceiving tactics