ES Journal - 2012

[tortoise]

Quote from ammo:

http://imgur.com/ ..this is simple for charts ,click on computer then start upload

i'll try it thx

 

[tortoise]

Quote from JoshDance:

Hello ES traders! It has been a so-so week for me, and it has been interesting not posting on the forum, I hope all of you enjoyed the relative silence!

Just wanted to post a shot of today's price and cumulative delta. Unlike other strong bull trend days, we have had heavy selling, and are in fact net short delta on the day. It keeps marching up though, but to me it seems that the excitement of the employment and ISM numbers did not generate the further buying that one might expect.

http://screencast.com/t/bJX2OcjO

Hi. Welcome back

Yes, I see the same. But the momo is beyond belief...

 

[fishing]

Quote from JoshDance:

Hello ES traders! It has been a so-so week for me, and it has been interesting not posting on the forum, I hope all of you enjoyed the relative silence!

Just wanted to post a shot of today's price and cumulative delta. Unlike other strong bull trend days, we have had heavy selling, and are in fact net short delta on the day. It keeps marching up though, but to me it seems that the excitement of the employment and ISM numbers did not generate the further buying that one might expect.

http://screencast.com/t/bJX2OcjO

welcome back and thanks for the chart

one also can argue that there's heavy selling but all the selling are being absorbed, thus we're grinding higher

 

[tortoise]

SPY 135.40 fills the gap from July.

98 cents to go...

 

[chaykapwr]

adding more to my position from 36

We will see 43

 

[JoshDance]

Quote from tortoise:

Hi. Welcome back

Yes, I see the same. But the momo is beyond belief...

It's pretty amazing...

Quote from fishing:

welcome back and thanks for the chart

one also can argue that there's heavy selling but all the selling are being absorbed, thus we're grinding higher

Yes indeed fishing, and certainly no reason to sell (yes I get it bigS!), but it's interesting to contrast that with how it is on an explosive, heaving buying day.

 

[NoDoji]

Quote from chaykapwr:

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

Yeah I learned the hard way it's a fantastic scalp to do just the opposite

 

[Picaso]

Quote from chaykapwr:

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

The way I understood oscillators is that you only use them to fine-tune with-trend entries. I.e. buy when it hits 20 <i>in an uptrend</i> and sell when it hits 80 <i>in a downtrend</i>. That is, they're just a way to quantify the good old buy/sell pullbacks.

---

Good to have you back, Josh, here's another view for you:

 

[JoshDance]

Quote from Picaso:


Good to have you back, Josh, here's another view for you:

Good stuff P, thanks for the welcome--hope all is well on your side of the world!

 

[tortoise]

Here comes the drive to new highs?