2008-08-20 Live ES Futures Counter-Trend Trade

I tried to buck the trend and go long as price curled up… did I succeed?

Well, yes and no. I made money on this trade, but didn’t get the move I was looking for. This video shows how you can use the eotpro volume splitter to find out if the probabilities are in your favor. Even though I created it, and make money when you subscribe, I have no choice but to say I really love that indicator. You’ll just have to forgive my enthusiasm…

But, was this a bad trading idea? Not at all! The market proceeded to validate me after it took me out. Check out how the move I wanted happened on the next upswing, with nice confirmation from the large traders. Was I in that one? Nope… I was getting the video put on youtube. See what kinds of sacrifices I make for you people?? :-)

3 Responses

  1. Zoomie Says:

    I forgive your enthusiasm ;)

  2. Richard Says:

    Thanks Zoomie… there used to be complaints about “hucksterism” but damn, some of the indicators are really good!

  3. Eric Says:

    Yes you make a buck with your contributions., its true. However I feel thats not your primary objective.

    You have heart and for Pete’s sake its nice to hear that. You listen to a lot of the other trading folks and they are all monotone. You, & EOT folks come through as people first, sales last, and helpful in the middle. :)

    To not miss a trade in the future, just turn on the cam, record it, and dialog it later when you know your done trading if thats not too much of a pain.

    E.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.