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  1. J

    Wallace Euro Trades

    Wallace, we all use different methods, but perhaps you would be interested to have a look at GBP, EUR, JPY, CHF on their weekly time frame running TRIX set to 15, they are all suggesting that USD will gain pointing to DX 88 as a likely target, I still see EUR at 1.2-1.15
  2. J

    ES Journal Archive (2011)

    I would answer you properly, but you are another anonymousmultialiasworrier ;)
  3. J

    ES Journal Archive (2011)

    TY! That depends, there are some choices. I can pull a plug on all 3 entries at once or I can close out lowest entry first to reduce risk. I don't normally do this nowadays, but I am lured by NDX 2,256 & divergences in indexes & TICK's TRIX & MACD. I might consider going Long YM at the same time.
  4. J

    ES Journal Archive (2011)

    Last 1/3 Short again 1,272.00
  5. J

    ES Journal Archive (2011)

    Well, I am no Poirot, just if you are a rookie you are showing signs of experience & knowledge that is associated with someone who has dedicated a while to learning both price action & general understanding of markets. Sometimes you would say something that makes me think - nah, he ain't a...
  6. J

    ES Journal Archive (2011)

    ICFP, do you work for a spreadbet firm? I think you do m8, but I could be wrong ;)
  7. J

    gold's H&S top

    Of course it matters. Only investors into gold don't care, plenty of other professionals out there to whom substantial oscillation presents an opportunity.
  8. J

    ES Journal Archive (2011)

    IMO size is not the issue (in this case). It's how he manages that account what is important & IMO he is doing the right thing by not over-commiting on most occasions. I am against his averaging down approach though. In current trade I am scaling in, but that was the plan from the start of the...
  9. J

    ES Journal Archive (2011)

    Gold anyone? ;)
  10. J

    ES Journal Archive (2011)

    There is a totally perfect divergence in Ninja's Monthly chart, I wonder how far it will fire, technically speaking 90 1st, 100 2nd. The press continues to advocate YEN's safety status, especially WSJ.
  11. J

    ES Journal Archive (2011)

    It is tough to survive flash crash times. IMO if more people were to do what ICF does they would last a lot longer in the game ;) He trades a £10k account betting around £8 per point (as far as I understand it), so if he locked 7% last week that was a very good return indeed, if he does...
  12. J

    ES Journal Archive (2011)

    Yes, that is trading as far as I am concerned. Who said one has to be leveraged to the hilt, Global Futures with $300 margin? He is following a trend the way he finds appropriate, his risk is controlled, so is his profit ;) Ok, his reward is perhaps inappropriate considering the risk, but...
  13. J

    ES Journal Archive (2011)

    1,266.5 1/3 covered +9.25
  14. J

    ES Journal Archive (2011)

    To be fair he did say that his stop is ES at $0, so it's not really tremendous risk as he is greatly underleveraged, the only problem is potentially getting stuck in a position for a long period of time if market corrects.
  15. J

    ES Journal Archive (2011)

    Looks like Gold topped for now on Weekly, treble on declining histo & RSI. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3051853>
  16. J

    ES Journal Archive (2011)

    And here is NDX which I am looking at. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3051723>
  17. J

    ES Journal Archive (2011)

    If I, we, can see this, then the bigger players see this too. Below is weekly TICK running TRIX & MACD. I think it's quite self-explanatory. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3051720>
  18. J

    ES Journal Archive (2011)

    His stop is $0 ES, so he will be safe in a pub
  19. J

    gold's H&S top

    3rd top, this ought to be it, but downside ought to be limited.
  20. J

    ES Journal Archive (2011)

    Everything real-time or limits stated before time, please provide proof of delayed trades posted. Constructive criticism is fine.
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