The Thief of Wall Street
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
Don't just beat the markets, leave bruises.
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Dislikedhere was the Heureka
"In nut shell, we are almost there.
1. We know how he calculated price to plunge
2. We know what timeframes this method can work on
3. We know how he managed his money
All we now need to do is to do as he did."
And here : "I recall what happened. I found only one Jesse Livermore set-up during this week. "
wow, so, how it works?
As I can see you are using...Ignored
Dislikedhere was the Heureka
............................. could you write a short resume of the system please?Ignored
DislikedLOL. Definitely. I will be later posting an ideal setup and way to trade that based on what we have learnned in this experimentIgnored
DislikedOK. Here it is:
1. Manage your risk. Do it the way you like it, good r/r, moving to BE, cutting losses short, etc.
2. Manage your risk. Do it the way you like it, good r/r, moving to BE, cutting losses short, etc.
3. Manage your risk. Do it the way you like it, good r/r, moving to BE, cutting losses short, etc.
Ideal set-up. There is non. They all keep on changing after few minutes. However, I rely on this sequence:
HH-LH-HH-LH-................ tell me what will be next?
LH-LL-LH-LL .................. tell me what will be next?
If you...Ignored
DislikedIt is proven you are doing well, at least on lower timeframe.
I got out in a daily /4h chart, because I couldn't see a clear direction for the next day, on those cases is better to enter in lower timeframe, where aren't trends just noise, imho, and catch a few fish to have something for dinner.
In your penny account example you did exactly the inverse what I would do: My believe is the "trend" want to go down, but no steam for that, and can't go up, because he want to go down I would jump in the main trend direction ( down) even if the Support...Ignored
DislikedA good Jesse Livermore setup is developing.
Wait until this 1H trend breaks and it starts making HHs and HLsIgnored
DislikedChicken
Your Equity curve resembled a jumbuck scuffing a bull by the horns and forcing into into something it really doesn't want to do
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DislikedThis current 1H down trend is still very much intact. May take few days before we know if its broken.
You want big money or sure money?Ignored
DislikedWhat else can you expect from a Chicken?............................. but at least its not like a headless chicken.
I am currently focusing on my penny real account, and the equity curve on that one is really a mess........... no body there to watch me what I do to that account.
Seriously speaking: I am now taking trades based only on modified Jesse Livermore method on my real account. It is currently at $40 and when grows to $100 will post here.
Meanwhile, it's not a bad idea to continue that demo, so that people don't think I am afraid...Ignored
DislikedNice grab on the last leg, hope you have much success with the method
GlIgnored
DislikedNice work Chicky. Good to see you implementing it JL's style. Just on a side note...it's broken already...except a reversal of a reversal occurs.
Kindest regards,
MotionIgnored