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  1. M

    ES Journal Archive (2011)

    If ES can't hold 1111.75, looking for a drop below 1100 in the RTH session on Monday and a move down to 1080 for cash, which could be trend ending if on lower volume than the ES flush low last week to 1077. Potential rally into the 26th after that. 1111.75 is key in the ETH session. ZN level...
  2. M

    ES Journal Archive (2011)

    Very well put. And the truth is now there are no excuses. Ninja Trader is free in simulation, IB has a solid demo in real time (if you have a funded account) in which you can plug in the free version of Multi-charts etc..
  3. M

    ES Journal Archive (2011)

    The only time I saw this pattern with OEX options (and only OEX) was in December of last year. Just my observation. I will wait for Tuesday to get away from op-ex and confirm. Frankly, it makes little difference either way to me, since I daytrade and take it day by day. However, I always like to...
  4. M

    ES Journal Archive (2011)

    Meanwhile, OEX players leaning long both Friday and total OI: http://www.cboe.com/data/mktstat3.aspx#OEX
  5. M

    ES Journal Archive (2011)

    http://stockcharts.com/h-sc/ui?c=$BPNDX,uu[h,a]daclyyay[dd][pf][vc60][iLb14]&pref=G http://stockcharts.com/h-sc/ui?s=%24ndxa50r (need to copy and past top url to get complete address).
  6. M

    ES Journal Archive (2011)

    OEX put to call below 1 on both daily and total open interest at Friday's close. This has not happened in a very long time. Smart money is shifting gears, skewing bets to the upside.
  7. M

    ES Journal Archive (2011)

    200 mill is peanuts for a Swiss bank. I wonder what that is all about.
  8. M

    ES Journal Archive (2011)

    Not part of the NT regular indicators, you have to code it or find it in the forums then upload.
  9. M

    ES Journal Archive (2011)

    I use CD and M delta with Ninja, yes. I like NT because of all the 3rd party add-ons available. Lost of programmers out there.
  10. M

    ES Journal Archive (2011)

    I posted 2 charts. No bullish divergence on the NQ test of last week 8/11 pre-open low, and the fact that NQ is leading ES lower. We might get an oversold bounce, but I 'm not convinced it's over. Just my take.
  11. M

    ES Journal Archive (2011)

    because:
  12. M

    ES Journal Archive (2011)

    Not over yet.
  13. M

    Stress damage to traders

    Become a vegetarian and exercise. Meat is too hard on the body and slows your mind.
  14. M

    ES Journal Archive (2011)

    CD is a huge part of my trading now. It gives me the market order flows, which is what big players use. They don't telegraph with limits on the book. I trade mostly divergences and CD gives me another edge. I use a code in NT. You can also use Investor/RT, which already has CD built in...
  15. M

    ES Journal Archive (2011)

    Wow. I could never have let go of so much profit. But great entry. Not sure this rally is done. But I am going day by day, especially with op-ex next week and all those short calls out there getting nervous.
  16. M

    ES Journal Archive (2011)

    NQ was very clean as well. I tend to use it at the open, more than ES. NQ stopped dead in its tracts at 50% August, BTW. TF scares the heck out of me. I never trade it.
  17. M

    ES Journal Archive (2011)

    Agree, 2008 was forced liquidation, this was all algos. And frankly, I like computers, they are technical. I have gotten burned so many times trying to find rhyme or reason between US close and Hong Kong, for instance, that I now only wait for the big guns.
  18. M

    ES Journal Archive (2011)

    What data feed do you use? And are you happy with it?
  19. M

    ES Journal Archive (2011)

    I have ongoing debates with that, from tick chart, range chart to volume charts to plain old time charts. I like range charts in the overnight session. Tick charts are something I try on and off, but what bothers is that multiple small traders can fill up a candle. I'm back to plain old time...
  20. M

    ES Journal Archive (2011)

    I agree 100%. And there were tons of clean set ups this week that did not require wide stops, just discipline and patience. One caveat: if my entry is right at support or resistance, by the tick if lucky, then I am weary of the 2 point stop, as it will invariably get targeted.
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