Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
elovemer
Market Wizard-
Content Count
1224 -
Joined
-
Last visited
Content Type
Profiles
Forums
Calendar
Articles
Everything posted by elovemer
-
... here is a screen shot of nothing ... just showing where the long signal would come in from this 45 high pivot ...pretty basic .. right ? right. ... high 45... long at 36--35 .... 3 point stop... simple .... if this is too confusing... then just look at your own chart... as i have said... ... and go back over a month or so ... 5m charts.... and measure all the 9-10 point moves ... that is the best way to get this... not by looking at my screen shots ...edit... one more note about this chart ... where would the next short signal occur ? .. for me... i would start from 38.25.... until 48.25 .. unless..... .. you can see that the AH low pivot is 41 ... if this make a double bottom there... then i would start from there 41....51 .... why ? i don't know. but i would forget about 38.25..48.25 ... and i would instead watch 41...51 ... might it pullback at 48.25.. instead of at 51 ?.... yes it might. it also might never make it to 48.25 ... should one be shorting ? or going with the trend now ? ... that is really up to the individual ... should one distinguish between globex signals and rth signals ? ... or do they merge together ? ... i don't know any good way to answer this. .... sometimes in rth , it will turn on a signal which started during globex and never make it to the rth signal level .... sometimes it will go a bit beyond a globex signal ... too far.... and then come back up to form a perfect rth only signal
-
...my last comment on this... ..just to clarify... i never said "i can't do that" .. i am saying I WON'T DO THAT... for smart asses. ... anyone else, i am very happy to oblige ...see this is why i don't have any interest in posting a tutorial style thing here... ... because it just attracts smart asses (i am not referring to you Browns) ...any more comments about what i should or should not be doing... will be ignored... ...keep in mind... this is for me... not others ... anyone who has any specific request.... will be obliged at my discretion.... thanks :0)
-
... thanks Browns... for being my interpreter... ... yeah.. it's up to me... as i have said already repeatedly ... when i posted screen shots with explanation of the method... on page 5, in response to your request to do so... there were no questions about it ... and as i have already said, i will post screen shots when i feel like it ... unless anyone has a specific request which is made politely without sarcasm .... don't need or want an audience...as this thread is for myself ... i would prefer to interact with individuals who are both respectful and polite ... if those individuals have any requests for pics or explanation then i am happy to oblige .... if those other individuals who would like to pop in and clutter this with sarcastic *hints* instead of just asking exactly what they want... they can just take a hike as far as i am concerned. ... how about this.... i will do what i want... take it or leave it ... no more comments about this ... and yes... as i have said, i will be posting more screen shots than before... to oblige those who appreciate them
-
... if you went long on wednesday on the pullback to 38.25 ... then you have to just be a hard ass and hold on over night if you want to go for a full ten point move to 47.25--48.25 ... i say hard ass... because it means you also have to hold on through that pullback at the close which ate up half of your gain from your entry on the small pullback .. i would venture that had there been enough time left in the session, it might have continued on to 47--48 without all that hulabaloo... you never know ... a note on the system, my rule of thumb is .... if it goes 3 points from the turn, then it could go more.. be it 6.5 or even 9--10 ... another note... if you are using a 3 point stop... you can see that trading multiple contracts is a big plus when trying to get (profitably) over this 3 point distance from the turn on the remaining contracts... whether you see one unit as being 10 contracts or 1 contract you get the idea
-
... about wednesday.. .. as i said "don't bother" due to strong trend. the reason is this. .. you can see that the move exceeded 10 points.. 29.25 es... to 41 es so.. while you could still survive...using a 3 point stop .. the pullback offered you very little opp for gain another reason for "don't bother" in this case is that once you know it is a strong trend, it is often too late ... so let's say you go with the flow on the retrace to 38.25, and get in in the direction of the trend. ... well sure you can get the break out for continuation... but there was not enough time left. ... so if you wanted to hold for another 10 point move, you would have to take on the added risk of holding over night. ..so.. to sum up... once you have determined that the trend is strong, either don't trade.. or fade the system ... by waiting for a small pullback around the 10 point mark, and getting in in the direction of the trend if there is time left stop used should be at least 2 points, preferably 3 points ... and more than one contract is also preferable due to the ability it allows you to take some off at 3 points gain or 6.5 points gain, and let the rest battle it out for the full 10 point move
-
... there is a schmuck in the group i trade with... ... apparently he is following this journal, simply due to the comment made by thalestrader about "unintelligibility" ... hilarious... ;0) ... if i was visiting someone else's journal, and i wanted something, i would just politely ask for it... instead of using some sarcasm and 3rd person form of address. ... anyone is welcome to contribute, as long as it is done politely. ... i guess smart people tend to be dumb asses when it comes to being polite.
-
... any requests or questions you have.. . just let me know and i will be happy to oblige..
-
.. another reason i have not been posting charts... is that, as i said, this journal was started for myself alone. .. since my chart is in front of me, it is too much trouble to post something i am already looking at.. especially when TL servers are slow as molasses.
-
...check out page 5 Gabe... ... i understood your post the first time i can assure you. ... your sarcasm is pointless when this journal is for me... not you... get it ? ... maybe if i was posting under BLOG, i would not get these kind of snide remarks.
-
to finish out this idea.... it couldn't get past 37... from 37.5 high... long signal would be at 27.5 or 28.5 ... but it didn't make it... so no long signal ----------------------------------------- .. from 32.25 ... if it can't get past that 37.... and goes back down.. ... then you would go long at 27 if it gets down there subsequently ...there are other rules... but you get the idea...
-
... forget about today... wednesday ...trend day i tried a swing entry... but was too slow
-
how about this.... ...i just continue posting signals... but with charts this time for the thousand words thing ...then if there are questions.... we can just go from there ? i am glad others are interested... because i think it is a swell method ... but it is definitely not easy... and definitely not programmable ...and as i have said already... i did not come up with this method
-
..... start what ? ... start posting a tutorial ? ...i'd rather not... but i am happy to answer any questions you may have if they are specific ... it's really not complicated ... and it really is best if one explores the chart themselves... and then comes back with a question from the chart ... how about i just continue what i was doing... which was posting signals that i see ... and if there are any questions... i can just field them does that sound ok ? ... that would probably lead to some kind of progression.. which would be good maybe
-
... this journal is for me.... ... if you want something..... just ask ... and be specific and polite... thanks
-
.... actually i am happy to help... ... but honestly... i did not start the thread as something for others... .... i started it as a kind of journal for myself... ... so i didn't really care if anyone understood anything... ... if someone is interested... i am happy to help out if i can...
-
... take yesterday for example...on globex from 44.25... you would look for 34.25 ... it ended up going to 33 ------------------------------------------------------------- next pivot is 37.75 during rth .. so from there you would look for 27.75 it ended up going to 27.75 -------------------------------------------------------------- so you see... on the first signal... the pullback was small but on the next one... it went all the way up to 37 ...so you would reverse your position at 37 to short ... and you already have 10 points in the bag assuming you held ended up going to 32.25 ..from 32.25... if it gets to 42.25 you would go short again ... from 32.25 ... if it can't get past that 37.... and goes back down.. ... then you would go long at 27 if it gets down there subsequently ...there are other rules... but you get the idea...
-
... it doesn't have to do with time as much as with distance... 10 points distance did you look at page 5 as i referred to above ? i am using 5m chart... a move can cover more than one session ... it is not about deciding where to start..... it is about where does it finish ..actually.. .the best way i can think of to explain how to see this... ... is to just go to the chart ... 5m globex chart ... now find all the 9-10 point moves... using ES contract .... sometimes it will turn... sometimes it will pull back only a little ....sometimes it will go 20 points .... sometimes it will go 13 points and come back to test the 10 point before continuing ...sometimes it will go 12 points and turn ..and when it does turn... sometimes the pullback will be small... sometimes it will be a full 10 points ... but to get a feel for it... it is best to just go over the chart... and see for yourself ..... somebody trying to explain it is sometimes not the easiest way ... you know... i could say this and that... ... then you come back and say "hey this didn't work here like you said it would" ...it's better to just explore it for yourself ... not trying to avoid the question... just trying to help ... and i will say this... it works best when there is no trend or when the trend is changing ....when the trend is strong... it is better to fade the system and go with the direction of the 10 point moves as the pullbacks will be very small
-
... i am happy to answer any questions... ... but i think the reason you guys think this is complicated.... ... is because it is so simple....
-
no. much more simple than that. 1. fade a ten point move. 2. 9 points is good enough sometimes about 8.5..... i was just commenting that there were no signals lately because the moves were less than 9 points
-
...sorry... ..i thought i posted some explanation somewhere.... ... let me find it and i will repost it.... page 5 ? is that not good enough ? if you need more explanation... just let know and I will be happy to try again
-
no long signals this week ... all 8.5
-
13.....22 ......... ......... .........
-
26.5 .......17.5 not hit
-
70.7 retrace on gold
-
20 ....11 didn't make it