ES Journal - 2012

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Quote from tortoise:

Tortoise SFRL
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LOL. Also, I agree with the whole "footprint of the bots" approach. I wasn't around to trade when it was a more human market, but I feel like the bots have some pretty reliable patterns one can use to squeeze at least something out of the market.

For example, When you get high TICKs above +600 in the last 30-40 minutes, and they coincide with a new higher high on price. Don't think about it for a second and just buy any test of the 0 line on the TICK. Seriously. Average in if you have to, it's something that can be relied on regularly enough for profit. For me, there is always that moment where something changes in the market's behavior, and while your brain is chugging along trying to process, "Is this a fakeout or a legitimate move?" that is when you should be getting in. It's the hesitation that will kill you, because once you really can tell that it's an uptrend, you have probably missed the best entry available.

Here's a chart in the spirit of Tortoise:
 

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Quote from gmst:

how did you manage 700 trades in 2 months, just trading close and open ? Curious.

Counting no holidays, this year had only 32 days till now. That is 22 trades per day ??

Edit: Nice performance btw.
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Look at the latest DOM. It averages down. So it is nothing like the 'rules/conditions' previously stated.
 
Quote from ammo:

who reads candles? i don't ,whats this last 1
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According to my experience, it's actually a bearish indication when it occurs at the highs. It denotes big selling pressure with bulls desperately trying to hold their ground.

Intuitevely it may look bullish, but I've seen quite a few of those to say that it has bearish implications.

Just my 2 cents.
 
Quote from Macho:

Look at the latest DOM. It averages down. So it is nothing like the 'rules/conditions' previously stated.
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Thanks. I didn't see it before you pointed.


I don't know why he is posting sim trading results....there is a thread where he has been positing the same rules for last 5+ years or so. If he has such a smooth equity curve (with his associated money management technique of averaging down), he should have been trading it on real account.

But nevertheless interesting to see. His equity curve has motivated me to explore the proper application of averaging down. For later though, not for now. Too occupied with other things now.
 
Quote from bigsnack:

LOL. Also, I agree with the whole "footprint of the bots" approach. I wasn't around to trade when it was a more human market, but I feel like the bots have some pretty reliable patterns one can use to squeeze at least something out of the market.

For example, When you get high TICKs above +600 in the last 30-40 minutes, and they coincide with a new higher high on price. Don't think about it for a second and just buy any test of the 0 line on the TICK. Seriously. Average in if you have to, it's something that can be relied on regularly enough for profit. For me, there is always that moment where something changes in the market's behavior, and while your brain is chugging along trying to process, "Is this a fakeout or a legitimate move?" that is when you should be getting in. It's the hesitation that will kill you, because once you really can tell that it's an uptrend, you have probably missed the best entry available.

Here's a chart in the spirit of Tortoise:
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good observation bigsnack. thanks for sharing. :cool:
 
Ammo: I must be stupid, but doesn't it look so OBVIOUS that we are going to see 50s again following the huge 10-pt rally of the last thirty minutes?

It looks like stealing candies from a baby, doesn't it? It's a gimme. Just load up long and you should be good for at least 2 points. It's free money!!

How come there was no follow thru in AH? Where are all those buyers now?

I don't know, I may be paranoid but whenever the market makes something look so obvious, the opposite is true usually.

To me it kind of felt like a giant flush out of late shorts and a pretty good looking bait for buyers.

I am likely wrong though and I am by no means calling top or anything like it. Just a silly observation, nothing really technical here.
 
i posted a euro ch earlier saying we had a ways to go before supp ,it stopped in the middle of the field,no farmhouse near,the same guys that are printing need to keep it above a certain price for the plan to not sink,bank runs,chaos, whatever the scenarios, es normally would retrace to the 30 31 cleavage and eventually spx back to the 1316 nip after the major trendline touch at 1354,there is definetly an alien presence here,and its not investors or you would see volume,i dont know if even goldman or the usual suspects can get short here,something wicked this way comes and is being held back
 
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