|
PureBytes Links
Trading Reference Links
|
Hi Ben,
Thanks for the compliment. :) Getting there, slowly.. but getting there.
I have worked alot on entry the next phase is managing and holding on.
I failed today to have a target for my buy at 1148.25, stop 1146.25. so
frittered my entry.. but that is where I am at.
Entry, Stop Target..
Don Thompson
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 21, 2002 2:02 AM
Subject: Re: [RT] S&P Day Trading
> hello Don
> My god ,,
> I now believe you Finally got it all together,,
> and on your way to a GREAT success,,
> keep up the good work,,
> stay in THIS course!!
> nice day
> Ben
> ----- Original Message -----
> From: "Don Thompson" <detomps@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, March 20, 2002 8:17 PM
> Subject: [RT] S&P Day Trading
>
>
> > Ron,
> >
> > One book that deals with geometric ratios other than the Fibonacci
> Series.
> > Here in you will
> > discover that there is more to life than .618 and .382.
> > Square Root 2, 3, and 5 and the reciprocals and the expanding and
> > contracting of the series.
> >
> > Bryce Gilmore's first book ( Market Geometry) is a pretty apt
description
> of
> > the numbers and ratios that are out there that a freely
> > traded market will work to. Gilmore is the one who brought the .786
> > retracement to view for traders.
> > It is left to you to see how it all fits together. So you have a bit of
> work
> > cut out if you don't have a utility to calculate it easily. In ES such
> > geometry works really good.
> >
> > His third book, Trading With an Edge, is a pretty good book about how he
> > thinks, basically he uses his expertise
> > in time and price to figure good guess as to current trend in the
market,
> > but when it comes to trading it is all
> > pattern and low risk entry. His main point is to find those trades with
> low
> > risk and load the boat, since they never
> > come back on you. He doesn't hold over night. Also his method is pretty
> > much pure price with no indicators, just
> > the chart.
> >
> > A good example in ES is in the gif. the scale is the current days
range
> > at about 1:30,
> > the point is that traders on the second rally at 1:30 sold at 1163.50
> limit.
> > The buy stop is one tick above 1164.00 or
> > 1164.25. So you only risk 3/4 of a point to figure if you are right or
you
> > are wrong. This is a low risk entry and
> > is a discretionary kind of thing, as far as I know. This is one that
will
> > come back on you, but the internals were
> > pretty grim so probably not. The biggest thing is to be around
successful
> > traders who are making money in the market
> > that you want to trade! It will be really inspiring, and as you watch
> them
> > work the market, you begin to see that it can be done.
> >
> > Don Thompson
> >
> >
> >
> >
> > ----- Original Message -----
> > From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
> > To: "Ron Cernokus" <roncer@xxxxxxxxxxx>
> > Cc: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, March 20, 2002 7:17 PM
> > Subject: Re[2]: [RT] S&P Day Trading
> >
> >
> > > Hello Ron,
> > >
> > > couple of ideas for you--
> > >
> > > I trade intraday SP's and have found I've learned most about patterns
> > > from:
> > >
> > > Teresa Lo of www.trendvue.com. her chat room is OK for a while. her
> > > Trader's Manual is very well written, clear, stripped of jargon and
> > > fluff. good stuff on simple patterns and how she trades them.
> > >
> > > Linda Raschke course (expensive) is very good for that. the
> > > StreetSmarts book is only fair for that purpose.
> > >
> > > Joe Ross's book Trading as a Business has some good stuff but is very
> > > overpriced i think. his setup patterns are probably better explained
> > > and used by T Lo above.
> > >
> > > Nisson or Morris for candlestick formations. a few basic ones are all
> > > lyou need.
> > >
> > > Ultimate Trading Guide by Hill, Pruitt and Hill is very good for
> > > patterns in the first half of the book especially.
> > >
> > > Although not geared to patterns only, Trader Vic by Vick Sperandeo has
> > > some good stuff.
> > >
> > > I've just begun Alan Farley's Mater Swing Trader but it promises to be
> > > very helpful.
> > >
> > > The one thing I've noticed is that after you strip away all the cute
> > > names etc, many of these chart patterns are old as the markets. Many
> > > of these current authors are repeating, with the help of easy-to-make
> > > charts the same stuff old timers like Schabacker, Sklarew, Wyckoff,
> > > Kerr, Dunnigan, Dow described earl in the 20th century. Candlesticks
> > > are even older.
> > >
> > > If I could buy only one, it would be Teresa Lo's manual.
> > >
> > > --
> > > Best regards,
> > > Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
> > >
> > > Wednesday, March 20, 2002, 6:47:16 PM, you wrote:
> > >
> > >
> > > RC> Don,
> > >
> > > RC> I also trade in the discretionary style you mentioned here.
However
> I
> > > RC> feel the need for better short term pattern recognition skills.
Is
> > > RC> there any text that you or other discretionary traders might like
to
> > > RC> recommend for short term pattern recognition. Comments
appreciated.
> > >
> > > RC> Ron
> > >
> > >
> > > RC> Don Thompson wrote:
> > > >>
> > > >> John,
> > > >> Your first catostrophic stop loss is $3000 or 12 S&P Points?
Whew..
> > that
> > > >> takes alot of balls to trade that level of
> > > >> a stop. My inclination is to get it down to two points or so.. no
> more
> > than
> > > >> that. I can see you might have to make
> > > >> a system do this kind of stop loss if you aren't looking at the
> actual
> > > >> prices during the day trading it. The
> > > >> day traders I know who are successful don't have more than a 2
point
> > stop
> > > >> loss and when in doubt they get out
> > > >> at 1 or .50 at best. But they are purely discretionary traders that
> > work off
> > > >> of price and pattern.
> > > >>
> > > >> Don Thompson
> > > >> ----- Original Message -----
> > > >> From: "profitok" <profitok@xxxxxxxxxxxxx>
> > > >> To: <realtraders@xxxxxxxxxxxxxxx>
> > > >> Sent: Wednesday, March 20, 2002 1:52 PM
> > > >> Subject: Re: [RT] S&P Day Trading
> > > >>
> > > >> > hello john
> > > >> > I can not see how you can make money if your profit objective is
> > SMALLER
> > > >> > than your stop loss
> > > >> > nice day
> > > >> > Ben
> > > >> > ----- Original Message -----
> > > >> > From: "John Cappello" <jvc689@xxxxxxx>
> > > >> > To: <realtraders@xxxxxxxxxxxxxxx>
> > > >> > Sent: Wednesday, March 20, 2002 6:44 AM
> > > >> > Subject: [RT] S&P Day Trading
> > > >> >
> > > >> >
> > > >> > >
> > > >> > > My system has not performed at max this year so far and I am
> doing
> > > >> > > adjustments to current market conditions mainly related to
> > psychology
> > > >> > > of the market and ranges. I am still trading it at a low
contract
> > > >> > > levels 5% of asset allocation. After debugged will step up.
> > > >> > >
> > > >> > > Adjustments being made.........entry and exits not limited to
> Level
> > 2
> > > >> > > and 3 Supports and Resistance.
> > > >> > >
> > > >> > > Widen trading ranges..............expected today [1179 to 1183]
> > sell
> > > >> > > points [1165 to 1169] buy points. No trade if total range
beyond
> > > >> > > 1183 to 1165 at open.
> > > >> > >
> > > >> > > My personal stops are $3000 ; min profit target $2000 ;
trailing
> > stop
> > > >> > > once $1500 profit reached is $750 ; MOC or OCO if tweaked.
> > > >> > >
> > > >> > > John
> > > >> > >
> > > >> > >
> > > >> > > To unsubscribe from this group, send an email to:
> > > >> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >> > >
> > > >> > >
> > > >> > >
> > > >> > > Your use of Yahoo! Groups is subject to
> > > >> http://docs.yahoo.com/info/terms/
> > > >> > >
> > > >> > >
> > > >> >
> > > >> >
> > > >> >
> > > >> > To unsubscribe from this group, send an email to:
> > > >> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >> >
> > > >> >
> > > >> >
> > > >> > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > >> >
> > > >> >
> > > >>
> > > >>
> > > >> To unsubscribe from this group, send an email to:
> > > >> realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >>
> > > >>
> > > >>
> > > >> Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > >
> > >
> > > RC> To unsubscribe from this group, send an email to:
> > > RC> realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > RC> Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Find the Best Software/ Application Developers at Elance
Save Time & Money
Post your Project for FREE
http://us.click.yahoo.com/qXq20A/9A0DAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|