ES Journal - 2012

[chaykapwr]

This might be a good place to start a swing position, add all the way to 25 if we get there. I doubt we will break 1300 anytime soon

 

[trickshot]

Quote from Picaso:

As Fishing mentioned, this is interest-rate related, so you should see some (*some*) decoupling for a while.

I don't agree with him, the dollar isn't strong again cos of the data, the risk currencies like the AUD are rallying hard vs the dollar, its only the EUR thats weak vs the dollar (and most other currencies actually).

 

[chaykapwr]

As stated earlier, 38-40 is a good resistance zone.

HOWEVER

i think fundamentals will trump TA this time, that is why I am holding long here

 

[ammo]

Quote from chaykapwr:

???

I do not use any indicators what so ever.

Strictly PA.

I feel flattered you spent some minutes trying to determine what I base my calls on though

Reverse engineering

pull up your post record and go back to the beginning,wasn't too hard ,guess ya stopped using em

 

[chaykapwr]

Quote from ammo:

pull up your post record and go back to the beginning,wasn't too hard ,guess ya stopped using em

lol, thank you for that Ammo, that was a joke thread between a friend and me, we were in fact poking fun at people who base trades only on indicator crosses

 

[ammo]

got nothing against em,never learned how to use em,jsspmk used to post trades on here using macd ,i think he watched 3 separate timeframes for setups,he was dead on

 

[ammo]

building a mega phone in trans

 

[ammo]

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html ..pros unloading into move ,par for the course

 

[chaykapwr]

Quote from ammo:

got nothing against em,never learned how to use em,jsspmk used to post trades on here using macd ,i think he watched 3 separate timeframes for setups,he was dead on

Im sure you can trade with indicators if you find the correct set ups.

HOWEVER, i dont think you can trade well with indicators is if all you do is short with the stoch hits 80 and buy when it hits 20

 

[Picaso]

Quote from trickshot:

I don't agree with him, the dollar isn't strong again cos of the data, the risk currencies like the AUD are rallying hard vs the dollar, its only the EUR thats weak vs the dollar (and most other currencies actually).

IMHO, unwinding of EURAUD and EURCAD long positions :eek:

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Ammo, glad to see that you decided to stay, I always appreciate your commentary