ES Journal - 2012

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Quote from Laissez Faire:

Bigsnack,

Any particular reason you settled with a 512 tick chart? Did you do a lot of research?

Currently looking into non-time based charts myself. :)
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What's up LF? It was just the first thing I looked at based off of a vendor recommendation when I first started. The further along I went, the more I read that I should avoid switching my charts too much, so I just stuck with it. :)

Ideally, I think I could zoom it out a bit more to reduce even more noise. Somewhere around 900 - 1000 tick chart would probably be perfect. The problem is that TOS doesn't offer that resolution, so I am stuck with 512 for now.
 
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When the market is in 'mad mode' constantly rallying like it is at the moment, the pullback always comes much higher and later than people expect. People are only recently commenting on how relentless the bull run is, so there's likely lots more to come.
Maybe 1380 ish will see a decent little pullback?


Quote from Jestersofmalice:

Market was at 1307 at the time of that post.
Lets see what (if anything) happens....

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Got close to the 1380? (not been able to check charts yet as dont have a futures platform open, but know it traded in the mid/high 70's?)

Now....do we get my drop??
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So far, so good
 
Quote from Laissez Faire:

Both were studies on T-days, but the way Volente presented it did not necessarily claim that the day ended positive, but that if it was red at one point, there was high odds for a large positive move sometime during the day bringing it back towards the green or only a slightly red day/unchange. I also think that if there is a great bull run in the start of the day, but we revert back to the open, that is recognized as a T-day as well.

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It might be when if it is a negative day and the R10/20 kicks in it is a buying opportunity.
 
Quote from bigsnack:

Ideally, I think I could zoom it out a bit more to reduce even more noise. Somewhere around 900 - 1000 tick chart would probably be perfect. The problem is that TOS doesn't offer that resolution, so I am stuck with 512 for now.
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Got it, boss.

I`ll just have to do some experimenting and see what I settle with.

Did you see my previous post?
 
Quote from ammo:

market profile 101 for swing trading, when the nip doesnt hold it becomes in this case resistance,and we are heading for the next widest nip or deepest cleavage( stopping along the way at the ledges if there are any),in this case the cleavage ,at that point it stalls and either returns to test the nip above or drops to the one below
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What are you VP settings if I may ask? I'm interested in looking at volume profiles and it appears you have may have different values than the ones on default - probably the last 2 values.

Price per row height mode: Automatic
custom row height: Chart
time per profile: 1.0
on expansion: Yes
profiles: 1000
show point of control: Yes
show value area: Yes
value area percent: ?
opacity: ?
 
Seems like the top that a lot of people including yours truly were looking for around the 1370 area finally is confirmed. I took 3 or 4 shots at a short without too much damage, but missed the prime entry when it finally happened.

Note to self: Tops usually take some time to form. About 6 days on this one.

Anyone thinking there`s a good chance we`ll leave these gaps behind for now and trade down to fill the gap at 1308 (if memory serves me correctly)? :)

In case there was any doubt, that is what I think will happen. :)
 
Quote from Laissez Faire:

Seems like the top that a lot of people including yours truly were looking for around the 1370 area finally is confirmed. I took 3 or 4 shots at a short without too much damage, but missed the prime entry when it finally happened.

Note to self: Tops usually take some time to form. About 6 days on this one.

Anyone thinking there`s a good chance we`ll leave these gaps behind for now and trade down to fill the gap at 1308 (if memory serves me correctly)? :)

In case there was any doubt, that is what I think will happen. :)
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My guess is we're going higher from here. I'm probably wrong. But my guess is that a straight shot to 1307 runs the risk of not stopping there. And that musn't happen. At least not before the Facebook IPO
 
Quote from Laissez Faire:

Seems like the top that a lot of people including yours truly were looking for around the 1370 area finally is confirmed. I took 3 or 4 shots at a short without too much damage, but missed the prime entry when it finally happened.

Note to self: Tops usually take some time to form. About 6 days on this one.

Anyone thinking there`s a good chance we`ll leave these gaps behind for now and trade down to fill the gap at 1308 (if memory serves me correctly)? :)

In case there was any doubt, that is what I think will happen. :)
More...

I was told that 'tops' are what girls wear and bottoms are what they use to sit on your face:D
 
Quote from JoshDance:

SIM long 2 @ 41.75
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added, reduced, and scalped my way to a +0.01 (yes that's right) per contract on this .. what a crappy day, down for the day and couldn't be happier to see it coming to a close. Of course I did not post since the entry so unconfirmed, so call it a loss if you like for journal integrity purposes.
 
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