ES Journal - 2012

[mastacoli71]

SPX daily. We closed below most recent trend line support. Good for bears.

 

[mastacoli71]

ES daily

 

[Laissez Faire]

My statistical model (which still is a work in progress to be honest here) strongly suggests that tomorrow will be another down day. Not a large one, mind you.

Maybe it will be right for once.

 

[Spectre2007]

Quote from Trvlwanderer:

How about some lines Mr. Spectre?

 

[mastacoli71]

Quote from Laissez Faire:

My statistical model (which still is a work in progress to be honest here) strongly suggests that tomorrow will be another down day. Not a large one, mind you.

Maybe it will be right for once.

I agree with your direction and given that I am right less then 50% of the time, it probably means an up day tomorrow. They sure are defending 1400 for some reason not to mention Europe in recession yet EURUSD continues to move up. Kind of strange. Maybe feds are not only buying bonds and futures.

 

[Spectre2007]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=87632&highlight=line+in+sand

notice algo is best at doing this...

the holy grail.. what defines a good entry?

" a price which is least traversed "...

how do you identify price points which are least traversed?..

- trendlines
- support / resistance
- channels
- market profile (ammo)

how do you even maximize your advantage further..

- only trade identified points at the periphery of ATR/Donchian Channels.

 

[Spectre2007]

there is always at least a two step touch of new levels..

 

[Spectre2007]

if your algo engaged in battle at those horizontals on a two step touch, what would your rewards be..

 

[Trvlwanderer]

Quote from Spectre2007:Attachment: update20.png
This has been downloaded 23 time(s).

thank you.

 

[Spectre2007]

Quote from Spectre2007:

there is always at least a two step touch of new levels..

have we had a two step touch of 1340 zone.. ? .. no.