Patuca

both...it is bullish on monthly chart..bullish on daily chart..maybe getting bearish for ATM strategy on 5 minute chart.

Then why post it here..to show off his ability to trade? Posting once in a while..."I placed a trade and made 10 ticks" with no description why or how isn't helping anyone on the forum..now is it? There was no real substance to his posts. Of course we all post things from time to time with no substance but continual worthless posts does no one any good. I did maybe sort of jeer..so did capt bob but not even that would incite him to post some other than basically: took a trade...made 10 ticks. Instead he gets offended...and takes off like speedy gonzales in a huff...never to return. He could have just written his log on a yellow legal pad at home and served the same purpose. If he don't want public probing of his methods then don't show up on a public forum. I did apologize for my sort of jeering but come on he needs to face reality...some things did not square up and he was busted.. "If you can't stand the heat get out of the kitchen"....may apply here.. Probally nobody takes more jeering than Patuca on this forum and i am still around. I even jeer at myself.. Good luck handle...and again i apologize for well, sort of jeering...i'm am sure you will peek back in to see what is being said since your grandiose departure...:rofl: :rofl: Handle you may jeer at me all you like as i do a series of taylor trades on the beyond taylor thread.. it will probally be a fiasco so you can find something to jeer about ...I am sure...

How high can gold go? PS Gold is bullish

handle you are owed an apology by me Patuca. I can't speak for capt Bob. I apologize for my behaviour... I don't really understand what is the reason for your posts. I know you said for yourself..discipline or something of that nature but may i ask is there any benefit to the readers of your posts? I admit i was sort of well jeering..but hey i do that all time...nothing personal with you...i as a scalper certainly do not laugh at 10 ticks profit. I traded 10 lots today for less ticks than that... I actually thought you were doing quite good..win rate and all...so before you leave i apologize...that is all can do....good luck with J Ross tactics.. I have respect for mr ross...and i wish you the best. See, i am my biggest problem..you and your big mouth Patuca...such an idiot.. Patuca PS i also talk to myself...

Thanks..i finally got out of the complete idiot level! I'm feeling better already... I didn't know i was at the guru level. I have been working outside in the sun and feeling faint. My powers of observation must have failed me...

My powers of observation must be waning..i see i have made the guru level after all..i was hoping for master trader..is that next? Patuca PS Could i do like a trifecta prediction and skip to the wizzard level?

one minnow once in a great while...then another..then another great while...then another minnow...ad naseum... I cannot be a guru...i have no followers...i sell no systems for ES...i am not a good teacher..at least no one on this forum seems to think i am.. In addition, i am presently stuck at the COMPLETE IDIOT level per zdo and TW and there is no telling when i will break free from this level...therefore, i cannot be a guru...

gold is bullish..no doubt about that...however, there will be many of my famous ATM zones to make money coming and going. GOLD IS BULLISH Patuca

no..... can only catch minnows on j ross hooks....:rofl: :rofl:

.................and??

:rofl: :rofl: :rofl: :haha: that is funny :haha::haha:

See did you hear that capt bob the man has no slippage....we best make haste and advance to module two of the free course....for a considerable consideration you may even be able to get a diploma w/o finishing the course.. is this happy training/trading or happy hour? Zdo are you smoking something? John w zip drive left alarmed at all the noise..

capt bob did i say train? Yes, i did.. I mean't trade..but since i said train lets discuss train...j. ross friend..or disciple...handle is trying to train us via his blog even though he would never say that..please be friendly..the course is free you know....eat 3 times as much fish as wine if you must...beer would be better for you..vit B you know....

you may be stopping your arteries with steak and deadening your brain with wine...both will affect your training..Fish and orange juice on the other hand......

trend on a daily TF is noise on a weekly or monthly TF. it is all noise...yes ALL noise...moves..and noise...some with drum rolls...trading is noisy...now what noise is easier to predict?..... Even the pit is noisy....posters are noisy.. People are noisy and nosey....i have to go fishing to get away from the noise... PS NOISE =$$$$ Thanks Patuca :rofl: :rofl: :rofl: :rofl: PPSS Waves are BS. Its more like currents...

Uh we have problem houston....entry into the atmosphere is not where originally projected at....what shall we do...over..commander cap Bob.

Sorry handle did not mean to your thread..blog... ...carry on....Patuca [ame]http://m.youtube.com/watch?v=OOhvX9JQ_WI[/ame]

Like i said it isn't for everyone. A RR 1:1 is bare min. Many times i get RR Like 8:1, 9:1 and more. It all comes down to precise picking where actual risk is so low that it makes the RR ratio very high. Many times, probally aprox 30%, of my trades end up having a 0 risk. Many more end up have a .25 pt or .50 pt actual risk. For instance, say i make 4 points on an ES TRADE. Say after entry the market only actually goes against me by .25 pts before giving me the 4 pts. What is my actual RR ratio? See what i mean? However, initial risk should be at least with a RR 1:1 and better if 2:1 because depending on skills in picking trades math can still take a trader to the cleaners...and will on bad initial RR. High actual RR in short term trading is indicative of good precise picking of trades. In the end what counts mathematically in terms of risks and an account growing is ones actual risk as opposed to ones initial risk. Actual RR ratio trumps initial RR IMO. Math is relentless and in the end determines an account growing or being whittled away. Long term trading generally has a 40% probability of success. Short term can be 60% or 70% and at times more. I actually have a very high win rate. I understand what you are saying on noise. My argument is that noise can be anticipated and is actually easier to predict than longer term price action...because of the fact that it is noise and shows up a such in a chart...that is why reversion systems work on the ES for short term trading...it tends to revert quiet often... Plus on short term trading with size you can make your money and be done very quickly for the day. Many times in the first hour of trading. Not so with end of day trading. My thinking on it is thus: the longer I am in the markets the more risks i assume in terms of probabilities of the market going against me as time slithers by (not dollar risk as that is fixed if i don't move my SL). I am ONLY at risk when i am in the market. Anyway there are generally several ways to skin a cat.......so to speak.....trading also needs to fit ones personality...glad EOD works good for you.. Not sure i could handle it. My main point is that not trying for big move does not exclude one making good money from the markets. Paul Rotter comes to mind who made 65 million or more per year for 10 years scalping 2 to 5 ticks. But again that kind of trading isn't for everyone. I personally like to scalp 1 to 4 points and occasionally will let it run more if PA doesn't indicate large pullbacks. The larger scalps i call swing scalps (when more than one leg..i.e. i hold thru at east one PB)

Consider this: the longer time frame the more variables enter into the picture.. War...news...traders sentiment...fed reserve....hft jolts...algo's..etc. A cursory look to the left will have a high probability of telling you where prices will go in the next five minutes...therefore, why do so many want to make big gains by attempting to play for larger moves? The larger moves, by definition, are harder to "anticipate" (since the word "predict" sends many traders into mental convulsions) thus causing the probability of success to be less. I know one is looking for a bigger RR thinkng higher RR is the key to mega $$$ rolling in to ones account. However, once one gets REALLY GOOD at anticipating 5 minute moves it is entirely possible to have an actual RR of 8:1 or 10:1 and on top of that a high win rate. Consider this: a trader only has to average a consistent 2 points per day in the ES and simply up the size to 5 lots. In a year he will have made 120,000.00 - 24,000.00 aproxRT commisions assuming 4 trades per day to get the 2 points. In actuality, many days 1 trade will get the 2 points but just saying if it takes up to 4 trades to net 400.00 per day trading 5 lots. Point to be made is several fold. First, It is easier to anticipate a 1 or 2 point move in the ES over the next 5 to 15 minutes than a 10 to 15 point daily move. Second, you can mathematically have a very good positive traders equation and a very good RR once you get sharp at predicting 2 point moves on 5 minute chart. Third, it is achievable to have a very high win rate doing this. Fourth, many days there will be 4 or 5 or more points gained which will more than make up for losing days. Now, throw in the NQ together with ES and trading 5 lots and capturing 5 point moves (net) day...add this to the points net on the ES......well you get the picture.... It is easier to make many base hits than home runs in the markets... Of course, I am at the complete idiot level so you might want to take what i say with a grain of salt. It certainly isn't for everyone but with those so inclined it just might work for them if they can get good at it. Many times the points can be made within 30 minutes of the open.... Just another dipstick viewpoint.....

Right about now (anytime rest of the day) is a good time to look at getting long IMO around 1385 to 1387 area for an ATM TRADE. Price stands a higher probabilities of trading up tomm. Then exit at the top of the minirange...full exits when trading mini ranges generally is the best strategy. This for information only. Do not do what my opinion ! You could lose your money! Patuca

it is bullish in the intermediate bullish channel trend and perhaps even longer term trend. It has been bearish all morning almost for ATM but it is soon with next hour or so be bullish for ATM. Remember in ATM BUY BOTTOMS. Bottoms of the mini sideways range. Generally, when i say bullish i am speaking of the intermediate to longterm trend. In ATM it goes back and forth bullish / bearish until it breaks out ofthe sideways mini range. Maybe this will clear up things?. In other words, ofds favor a couple of sideways bars were you buy the low and sell the high and repeat until a breakout of the range top or bottom occurs.

ok i didn't read your post well. I now see it was yesterday you went long at 1401. That would make sense. But in addition i would have shorted high today for an entry into ATM. I did not undrstand why you went long today. Misunderstanding. Carry on.... [ame=http://m.youtube.com/watch?v=OOhvX9JQ_WI]Kansas Carry on my Wayward son Lyrics. - YouTube[/ame]

oh ...yawn....you just won't let me sleep..will you? One thing mr handle you are 8/1. Maybe 9/1 soon so if it is nonsense it has a high win rate...all you have to do is up size and some decent money can be made... Question for all traders: is it easier to predict probable price 5 miniues from now or one day from now? Or is it equallly as difficult? Patuca

why? Why? Why? Did you do that capt bob? Why long? I said in in my very recent post # 1096 "heads up" for ATM zone. Nothing to do but sell the top and buy the bottom until we get another breakout either up or down. We should get at least 2-3 sideways bars now 70% chance(). If a trader buy tops in ATM zone and sell bottoms he will get stopped out 70% to 80% of the time. Please meditate deeply about the matter..A trader should deeply consider selling strenght and buying weakness.. Ps Gold s bullish. Patuca

I thought you were the founder..now you are a super moderator? Does anyone ever notice these changes besides me? I thought traders were supposed to be an observant bunch? :haha: