ES Journal - 2012

[ammo]

trans got to 5268, the ledge or top of that cleave,traded up to the 01 nip and has been flirting with 2he 92 area lower half of that nip,if we can continue down it may fill that 5168 -33 cleave

 

[ammo]

trsns reduced i dont know if u can call that ascending tri a bear flag but there seems to be res at 5301

 

[Handle123]

Quote from bigsnack:


per my usual rules, the TICK would have been lying to me. However, some of my research based off of TICK behavior relating to the open / close is paying off a bit. I traded the shape of the chart instead, realizing that because of the gap down, the TICK values can be skewed more to the downside (+600's will come late, -600's may touch even if the market is going to go up).

It worked this time, but that doesn't mean it will work every time. It's just food for thought at the moment, but something I'm continuing to work on.

I have tried for years to make TICK a reliable indicator, even a semi-reliable indicator, but for me this is no better than 50/50. Not to say others haven't made use of it, but I can't.

I love trading the trendlines on both 60 minute charts, day session and 24 hour, I think if newbies did this first before going to smaller, they would have better shot than becoming one of the 95%ers. But nobody wants to listen. Too many rather open an account and going for it.

Looks like it wil fall.

 

[fishing]

Quote from Handle123:

I have tried for years to make TICK a reliable indicator, even a semi-reliable indicator, but for me this is no better than 50/50. Not to say others haven't made use of it, but I can't.

I love trading the trendlines on both 60 minute charts, day session and 24 hour, I think if newbies did this first before going to smaller, they would have better shot than becoming one of the 95%ers. But nobody wants to listen. Too many rather open an account and going for it.

Looks like it wil fall.

every indicator TICK, trendlines, MACD, RSI, Support/Resistance levels etc. are just tools.. sometimes they work sometimes they don't

 

[mastacoli71]

Quote from mastacoli71:

Before I left office I Hung offer out at 0.5 and 3.

bidding 96.5, hope this market takes a doogie into the close

 

[Handle123]

Quote from fishing:

every indicator TICK, trendlines, MACD, RSI, Support/Resistance levels etc. are just tools.. sometimes they work sometimes they don't

You are right, but some work better than others or by altering them can make them better. Take for instance RSI based on closes, for years traders compare highs/lows of price bars but few of them change indicator or compare closes to closes.

ES finally dropped

 

[mastacoli71]

Quote from mastacoli71:

bidding 96.5, hope this market takes a doogie into the close

Flat 0.5 @99.25. Don't have good feel about mkt overnight.

 

[Macho]

Sold 1 @ 140125 another on at 140400

Stop 135'07

 

[ammo]

Quote from ammo:

add 1401 on yesterday lower nip prev sh 7.25,new avg 5.68

add 4.5

 

[ammo]

es