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elovemer
Market Wizard-
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Everything posted by elovemer
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stop 25.75 low 26.25 3 points.... trade management (move stops to 26.25 for example) 29.25 6.5 points... trade management (take some/all off for example) 32.75
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37.75 .....28.75--27.75
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37.75 hit ..... on 37.5 signal .. 3 points is 34.75
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.......... ............ ........... .........
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....... here is my no boxes.. no circle version
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27.5 .......36.5--37.5 37.5 is also 50%
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.... waves 1,2,3,4 ...wave 5 yet to come... pretty obvious from the chart i would think ... could be wrong of course
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.......... ........... ...........
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47...27 ......... ......... ........
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trend... don't play 42.5 became 44... 34 signal 3 pnt stop is 31 low was 31 ... wld be stop out
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from globex 42.5 ....32.5 would be next long signal not rth signal .......................... from globex 37.5 .... 47.5 would be next short signal not rth signal
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... if a trader is short from 47.25 ... how does he/she know whether to close out or reverse the trade at the long signal ... or .. remain in the trade.. with hopes of a 20 point move instead of only 10 ?
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47.25.....38.25--37.25 globex not rth ......... .......... turn was 37.5 ... plus 3 from the turn is 40.5 if it goes 3 points from the turn.... the trader might begin to manage the trade (taking some off and letting the rest battle, or moving stop to the turn at 37.25 for a break even stop, or both.) ... if it can't go more than 3 points from the turn... etc. ... if it can't go higher than 40.25 ... then ... etc. ... if the trade goes 6.5 points from the turn, i.e. 43.75, and the trader does nothing ....then the trader is quite dumb
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globex low was 38.25 ....47.25 globex signal ...................................... rth signal not hit
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... as with any system... trade management is the most important component to success ... this system provides the trader only with an entry.... and a (possible) exit... and a stop ...once in... it is up to the trader to manage the trade and make the system profitable. ... if you get in and the trade goes your way.... it is up to you to take some off (where?) or to hold on full position for full move .... or to hold on even thru 10 point level.... ... if you have a 3 point stop... and you enter at 9 ... and it goes 12... you lost 3 points ... if you enter at 10... you lost 3 points if it goes 13 points ... if you enter at 9... and it goes your way .... and it goes 3 points from the turn.... ... should you move your stop? and to where ? ... if it goes 3 points in the money on the trade.... do you move your stop? to where ? ... this is trade management... and it is only thing that really matters with any trade system.... the system you are using is secondary...
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... thursday.... 45.75 long signal would be at 36.75--35.75 no signal .................................. short signal from 40.... 49--50
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here you go Blowf....
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... here you go Blowf
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.... i will probably just end up putting my screen shots and signals on my blog ... that way i get no headaches.
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... if you want to turn it into something tradeable (FOR YOURSELF) .. then have at it ... don't look to me. ... this journal is not for convincing anyone what has meat and what doesn't as for me... i would never go on someone else's thread and flat out say it doesn't work. not, at least, without having done my homework and having tried to trade it myself first why don't you try to trade it for a few months, then come back and make seemingly knowledgeable comments about your experience ... instead of looking at my chart and saying "oh that one didn't work did it ?" ... this journal is for me... not you [quote name=Blow The idea is simple but requires more meat to turn it into something tradeable. I guess that why some people are a little confused. (Though I think you are going 9 points or bust (-3))?[/quote]
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... i could lay out my numbers... but i am not here to try to convince skeptics. .... you have shown yourself as a natural skeptic on the other thread "rule of 10" where you made ******* comments there ....one reason why i started my own thread. for myself, not for skeptics. ... if you want to contribute Blow, do your homework and get back to yourself.
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screen shot ... globex signal starts at 39.5 ... rth signal starts at 41.25 from yesterday ....why am i changing where i said rth signal starts from ? ... can't explain that one there will always be people who say this system doesn't work. without having done their homework. and without having traded the system after having done their homework.
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... Blow... please post an explanation and screen shot of the trade which you said didn't work... ... and we can go from there....