ES Journal - 2012

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Quote from lucky lucille:

feeling empowered ammo? till next bounce ? :)
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sounds like i'\m picking on ya but really trying to beat down your ego before the market has a chance,and keep thread freindly,gotta say your words are cocky but your trades are disciplined
 
Quote from ammo:

sounds like i'\m picking on ya but really trying to beat down your ego before the market has a chance,and keep thread freindly,gotta say your words are cocky but your trades are disciplined
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my words amy be curt but not cocky..i'm a crappy typist plus i'm scalping ..

i don't have time to preface every post with "Thank you much sir for your commentary but i must differ with your erudire opinion"

i just post my trades (don't take my trades!) and my opinion whule i'm scalping. f^ck :mad:

edit; isn't there room for a trader here that doesn't carry the usual comment about TL's and pivots? I have a few of those on my charts (LOD, HOD etc) but i trade off sentiment..

whose? MINE !
 
ok, i have an academic question for anyone willing/able to answer:

why is it that net buying pressure can be a sign of distribution rather than accumulation (and vice-versa for net selling pressure). i know that it can be (i've observed it), but i can't wrap my mind around the principle at work here. if there's more buying than selling, how can there be net distribution?

what am i not getting here? thanks
 
Quote from JoshDance:

buy limit 77.75, but feels like i'm getting set up
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moving limit down to 76.50... need to wait for more volume here before jumping in, if i miss i miss, happened already today
 
Quote from tortoise:

ok, i have an academic question for anyone willing/able to answer:

why is it that net buying pressure can be a sign of distribution rather than accumulation (and vice-versa for net selling pressure). i know that it can be (i've observed it), but i can't wrap my mind around the principle at work here. if there's more buying than selling, how can there be net distribution?

what am i not getting here? thanks
More...

There's not more buying than selling. There are more market buy orders, that's all. Read some Wyckoff if you want more on this; heavy volume indicates participation, and buying at the top, for example, is not what the deep pockets do, so they'll sit on the offer and distribute their inventory while those late to the party buy high.

Accumulate low, mark up the price, distribute high, then mark down, repeat.
 
For those of you who are consistently doing well in this market, why must it be so damn hard for me right now? I am frustrated because I buy early, like my last trade, and get taken out. Then I patiently wait, and place my limit, and do not get filled. Now buyers aggressive. Seriously, let me have it. Tell me all the problems I have because I have a LOT of problems. Did great the last two weeks, this week can't trade for shit. Please slam me in classic ET fashion and make me want to quit; that's the kind of talking I need right now I think. I love trading but when I miss orders by a tick like I did on the long earlier at 74.75, I just lose my mind. Help me please, thanks.
 
Quote from JoshDance:

There's not more buying than selling. There are more market buy orders, that's all. Read some Wyckoff if you want more on this; heavy volume indicates participation, and buying at the top, for example, is not what the deep pockets do, so they'll sit on the offer and distribute their inventory while those late to the party buy high.

Accumulate low, mark up the price, distribute high, then mark down, repeat.
More...


Very helpful, thanks. This is my blind spot.

In other words, when I see huge positive volume delta (upticks-downticks) and price not moving, there's a high probability that's indicative of small-fry buying while the big guns are just sitting on the offer. Did I get that right?
 
Quote from JoshDance:

For those of you who are consistently doing well in this market, why must it be so damn hard for me right now? I am frustrated because I buy early, like my last trade, and get taken out. Then I patiently wait, and place my limit, and do not get filled. Now buyers aggressive. Seriously, let me have it. Tell me all the problems I have because I have a LOT of problems. Did great the last two weeks, this week can't trade for shit. Please slam me in classic ET fashion and make me want to quit; that's the kind of talking I need right now I think. I love trading but when I miss orders by a tick like I did on the long earlier at 74.75, I just lose my mind. Help me please, thanks.
More...

Take a deep breath and understand that successful trading takes time and patience. The best piece of advice I can give you is to stop trading with real money and go to a simulator until you are CERTAIN you have a legitimate edge.
 
LC defines it with a big uptick or down tick move and the market doesnt move accordingly,the uptick without the move would indicate distribution,he can explain it better
 
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