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Once again I was reminded why it is NOT worth trying to help people learn how to trade. For those that do try to help others, you have my deepest respect and MUCH more will power than I; I truely wish you all the best. Goodbye and good luck, especially to the know it alls.
PS: If Big Mike is reading this, please feel free to close this journal, if so desired.
Can you help answer these questions from other members on NexusFi?
It definitely matters to me. I will send you a private message.
But I want to also say publicly a few things:
- Don't let any one person (or even a small number of people) to dissuade you from your posts
- The majority of people that benefit from your post are the "silent type", meaning they tell me daily they don't feel they have anything to contribute so they are just "lurkers", so don't let any sort of lack of participation be a measurement of success
- If anyone has been rude or offensive, report it so that person can be removed from the forum. We all work very hard to keep futures.io (formerly BMT) a helpful place, and I will not tolerate any rude behavior
First off, I would like to thank all the members that continued to send me e-mails after my aburpt departure and it because of those members I am back. Since my departure my wife has joined me in daytrading and has actually become a better trader than I, IMO. Reason being she is a "machine" she "always: buys when she has a green light and not until then. Does she win all the time, NO, but she never misses any of the big ones because she is in every play when green. If your rules are solid, then you should be as none of us can predict the future.
Our Rules:
1). Price must be two candles above/below of the 50EMA.
2). Those two candle must be same color
3). TTM-Squeeze must be blue/red along with a "green" dot
4). My "A-study" (solid blue/red line on upper graph) must be the same color as the candles
5). My "B-Study" (dots green/red on upper graph( must be the same color as the candles
6). My Laquerre Study (dashed blue/red line on upper graph) must be the same color as the candles
Those are our RULES and they are NEVER broken, (no butt I think it might reverse; no thinking, just buy or short).
Some potential targets:
ES: 1st target 2 points on the 1st half of the position, trail the rest until the "A-Study" posting
CL: 1st target 12 ticks on the 1st half of the position, trail the rest until the "A-Study" posting
Weeklies: I tend to let my "A-study show me when to pull the 1st half of the position, once it changes color I will take 1/2 off, unless I run into a major resistance 1st. (as you can see on AAPL that change NEVER happen)
Today was a fantastic day, AAPL's 575 calls were a 9x today.
CL was huge
ES was very nice
I have been playing around with two different ranges for CL. Today I played with $ .06, though fun and very profitable it was alot of work. The ATR for CL based on a 5min time is closer to $ .13
Here is what those charts would have looked like using a $ .13 range. Changes would be a 1st target of 13 ticks with the stop still sitting at 16 ticks before trailing after the 1st target is met. Next week I will be playing this time frame instead.
Results would have been 3-1 with a maximum gain of 176 ticks per contract.
