Kreslik.com - traders community since 2006

Well, we all trade our own belief systems ..If you believe that the market is totally random ,then you may have a hard time finding an edge ..If you believe that the market moves in a set of patterns , then that can become a very dependable edge ...so yes ...we must trade what we see ( believe )...

aliassmith wrote:Fun fact: it cost $2600+ in commissions trading the NQ today
Scalping is expensive but it works.
There was a couple longer term trades in there but mostly scalping.

Rolling over 500 contracts ...wow . d
Does your broker give a discount at a certain # of trades ? ..Nice work man ..

But how does that mesh with the idea of having an "edge " ?

]No idea where the next target should be ..only a few yrs ago a 5pts range in the ES was the norm ..Ill trail this out and call the day ...hope this helps someone...

Added...

Yep,,,looking like a 10 pt chanel so far ...we will see how it reacts around the low ...if it blows through I will probably add on .

Alias..regarding exits ..this is the area I will consider ...1 min shows weakening ..price is also at the last high com early morning .It may continue up from here or developed into a channel ..we will see ...

Yesterday's 40 pt drop would mean a 50% retrace around the low 40s ..don't know if that will happen ...we may just see a small range correction today ..who knows ? Any way I will take the patterns as they appear ...good trading wishes to all ...

Look what I made the ES do ....Wow.......ok,that's enough today ..

Ha..I've seen your trades ..you need no help ..but thanks man ..