Jimmy Hoffa Posted May 4, 2020 Report Share Posted May 4, 2020 Just a starting point SSI... I may or may not end up pulling the trigger. I'm looking for logic in an unprecedented market. There's no playbook for this one. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Gotcha, your looking for a spot to get long... U need a bottom to be placed.. If I had time to watch this, I could tell you where to buy... You need a double bottom to form... Double bottoms are very solid.. Triple bottoms will get broken... Honestly I don't see how a small trader trades fundamentals... It almost has to be technicals... Ill be quiet.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Do you think the bottom is in on July corn at 309.00 If you do, it's a buy right here and a stop can be placed at 308.75 But I'd wager almost anything that July corn trades under 309.00 Hard to pick a bottom in a down trending market.. Ever try to catch a falling knife.. Sorry things are just flooding back for me. Falcon Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 It has always amazed me that gamblers know nothing about trading. The biggest form of gambling in the world, right at your fingertips and I might as well be speaking Chinese. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 New lows in the emini 2772.00 Lower stops to 2785.00 1pt risk now.. And perfect use of a 13pt trialing stop, just like riding a bike.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Alright new low of 2771.00 Trade 1Short 1 June ES 2784.00 PT at 2744.00 Stoploss reverse order at 2784.00 This is now a guaranteed Free trade... Our Stoploss is trailing 13pts from low, exactly at our entry.. Setup for a great Trade 1 Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 4, 2020 Report Share Posted May 4, 2020 Do you think the bottom is in on July corn at 309.00 If you do, it's a buy right here and a stop can be placed at 308.75 But I'd wager almost anything that July corn trades under 309.00 Hard to pick a bottom in a down trending market.. Ever try to catch a falling knife.. Sorry things are just flooding back for me. FalconAssuming there is a glut of cattle... How would you trade that? Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Jimmy I was a technical trader or chart reader... I couldn't go Long until the technicals said I could.. Given your information (glutton of cattle) and wanting to go Long July corn because they still have to feed that glutton.. You need to wait for a bottom to form.. Absolutely no reason to think it's right here.. The only possible way to go Long right here at 316.00 would be to buy some Call options and just hope your right... Since I'm just goofing around right now, I'll watch July corn and tell u when I see a buy signal... If your convinced to go Long right here put your stop loss at 308.75.. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 4, 2020 Report Share Posted May 4, 2020 Let's see what the morning brings. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Go pull up a chart for July corn, look at a Daily chart and tell me what you see.. I'll tell you, they are selling every attempted rally... If I were trading it, I'd simply wait for next rally and sell it.. I see nothing at all that says buy.. If it goes up tomorrow, they will sell the hell out of it before it reaches 330.00.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Alright guys I just got stopped out of trade 1 at break even. Trade 1Short 1 June ES 2784.00 Stopped out at 2784.00 Break even.. I'll keep up with the next one off forum, I just don't have it in me.. Jimmy I'll follow that July corn, I'll chime in from time to time. Falcon Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Trade 2 would look like this. Long 1 June ES 2784.00PT at 2824.00Stoploss reverse order at 2773.00 Move up went to 2786.00. So we trail a 13pt stop loss upward.. So now we need a rally as we are long... Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Raise stops to 2775.00 market rallies to 2788.00 Risk is reduced to 9pts now.. And on we go.. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Raise stops to 2776.25 as market is in rally mode at 2789.25 Risk down to 7.75pts Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Raise stops to 2777.00 Trade 2Long 1 June ES 2784.00 PT at 2824.00 Stoploss reverse order at 2777.00 Risk is now just 7pts Notice Ted how in trade 1 we were short and now in trade 2 we are long... Never marry a position... Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 4, 2020 Report Share Posted May 4, 2020 I’m reading.....I think I can figure this out Still leaning YouTube short gains, but if I see 40’s flowing equal to 13’s then that’s a different story..... Day One (1) looking very good Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Well we broke even on Trade 1, so we didn't make anything.. Trade 2 finds us Long in a very big down move, so u have to be nervous about that... Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 4, 2020 Report Share Posted May 4, 2020 I meant very good in me figuring out which way was up.....paper trade wasn’t factored in Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Market moves to 2792.00 Raise stops to 2779.00 Risk now just 5pts Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Market at 2794.00 Raise stops to 2781.00 Risk now just 3pts Trade 2Long 1 June ES 2784.00 PT at 2824.00 Stoploss reverse order at 2781.00 Funny how this market turned around bouncing off the lows.. There is a gap from today's high of 2797.00 to Fridays low of 2811.75 and most all gaps get filled at some point. Hang in there Ted Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Market at 2796.00 Raise stops to 2783.00 Risk on trade now just 1pt Falcon Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 4, 2020 Report Share Posted May 4, 2020 Is the raised stop auto or manual? Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Manual unless u can set it up somewhere that will do it for u. Thats why i needed some help. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 New highs made at 2798.00 Raise stops to 2785.00 Trade 2 is now a guaranteed Winner as we entered Long from 2784.00 Falcon Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Market rallies to 2803.50Raise stops to 2790.50 Trade guaranteed to be nice winner now. Just shows u not to try to out guess the market. Quote Link to comment Share on other sites More sharing options...
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