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Ridicule has its place and no offense is taken, I have received valuable
insights from it in the past. Let me rephrase the question disregarding the
notion of trend or lack of in assuming an entry. Specifically for those who
daytrade futures, what setups and triggers have you found to make successful
entries early in the day, i.e. those that led to permit a profitable exit.
Candlesticks were mentioned as one. But what "filters" do you look for to
enable a trade and what do you look for to abort a setup?
br
----- Original Message -----
From: "Research Dept." <research@xxxxxxxxxxxxx>
To: "BobR" <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 05, 2001 6:09 AM
Subject: Re[2]: [RT] WHY...Trading Profession?
> Hello BobR,
>
> B> Dear Research dept, would you please do a brain dump on this lowly
wannabe
> B> regarding entries on the NQ and ES ? Specifically he and a few others
would
> B> like to read your treatise on timing the entry and various techniques
you
> B> would employ in catching a trend in its infancy.
>
> first i think that the question is and the reasoning behind it is
> wrong. you want to know how to do something that you have made up in
> your mind - should be obtainable and profitable. to force fit your
> wants and desires upon a market is to close your mind to what it has
> to offer. you have focused upon the trend, why? did some research
> project reveal that concentrating upon the early trend was the most
> profitable focus point? or did you assume that the trend would make
> you the most money because it is the most impressive looking thing on
> a chart? charting itself has done more keep people from discovering
> the true underlying structure of the markets. numbers are a better
> judge of what is profitable than the human eye, which tends to focus
> upon the incredible infrequent anomaly know as the trend.
>
> B> Particularly address the
> B> pre and post period 8:30AM CT with its risks and rewards. What time
frame
> B> or tick frame would you advise? What techincal approach would you use,
> B> swings, xovers, trendline breaks, something exotic? What we are
talking
> B> here is Texas style gunslinging where trades move like singing bullets.
> B> Feel free to be as verbose as you want. A diatribe is desired.
>
> i will give you what you wish even though my obvious up side is just
> more ridicule. there maybe someone who can use it to make the
> transition to full time trading and will actually appreciate it.
>
> B> thanx
> B> bobr
>
>
>
> --
> Best regards,
> Research mailto:research@xxxxxxxxxxxxx
>
>
>
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