Tuesday, January 6, 2009

Daytrading the ES with TsuBot Breaks the Usual Conventions



We understand there are other ways to skin a cat. Other systems trade multiple time frames, and others will use conventional charting patterns to determine the overall trend. We know of at least one major software vendor that teaches you should only take a sell when you have a lower high and a lower low first. Please remember statistics tell us that 90% of day traders lose, and if you are trading like everyone else, you will probably have the same results as everybody else. Welcome to the 21st century. We trade Price Volume and Momentum on one time frame and don't bother with charting patterns, candlesticks, Fibonacci, Gann, etc etc etc. Today we took a nice E-mini ES sell in a "screaming uptrend", and achieved our daily trading goal in short order. No lower high and lower low here. Just a nice winning trade.

Trade Plan:

Trade Emini ES 5000 share chart
Enter TsuBot signals 100% mechanically.
Exit at +2 points Limit.

Sold ES 937.75 at 10:03 am est
Exited at 935.75 at 10:05 am est

2 minutes to goal.

Have a great trading day!
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Futures, stock and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stock and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed here or on the company website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.UNLIKE AN ACTUAL PERFORMANCE RECORD,SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.ALSO,SINCE THE TRADES HAVE NOT BEEN EXECUTED,THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY,OF CERTAIN MARKET FACTORS,SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.