ES Journal - 2012

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Quote from FreakofNature:

Feel free to tell us how it will be manipulated tomorrow, not today.
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Price action should give one clues as to markets' behavior. You can assume how markets will move but assumptions are just that.

Price action along with S/R should give you clues if daytrading. The McClellan was also a good sign of a short term top.
 
its definitely the biggest shell game around, but you have no way of knowing if what you suspect is true or false, keeps the game going
 
Quote from ammo:

its definitely the biggest shell game around, but you have no way of knowing if what you suspect is true or false, keeps the game going
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Exactly, which is what makes it interesting. One can only go with probability and that is probably one of the biggest factors in this game. Statistics and probability as this is a math game. Pulling in points is the main thing. Once one finds a method/system that one is comfortable with, even if one has a bad day, you'll always know that you can make it back and more on days to follow. It's forever an ongoing game.
 
Quote from sttrader:

As usual manip up, manip down. Systematic buying and then systematic selling. Gotta love how they have this game wired.

If this area breaks, could see a drop to the 1335-37 area before the day is over. Due for a bounce but manip up, manip down.
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There's that bounce....need to see how high it can go as it doesn't seem to have much in it.

Have a nice weekend. Not much econ news coming out early in the week.
 
Quote from ammo:

u could try to avoid trading from 11-1230 ct
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yeah good point. Today I took couple losses close to the start of the day.

I will look at my stats to see how I do trading in that time window.
 
i tried to find pekelo's adu setup,all day up, it basically said we get a small reverse in the lunch window ,same for sdd,dont remember what the letters stood for but its a trend day down..years ago it was called the noon balloon ..in theory,then, the specialists went to lunch ,so if they were working a lot of stock shorts, and stopped for 90 minutes, the selling pressure let up
 
Quote from ammo:

i tried to find pekelo's adu setup,all day up, it basically said we get a small reverse in the lunch window ,same for sdd,dont remember what the letters stood for but its a trend day down..years ago it was called the noon balloon ..in theory,then, the specialists went to lunch ,so if they were working a lot of stock shorts, and stopped for 90 minutes, the selling pressure let up
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http://www.elitetrader.com/vb/showthread.php?threadid=105035&perpage=6&pagenumber=1
 
Quote from ammo:

i tried to find pekelo's adu setup,all day up, it basically said we get a small reverse in the lunch window ,same for sdd,dont remember what the letters stood for but its a trend day down..years ago it was called the noon balloon ..in theory,then, the specialists went to lunch ,so if they were working a lot of stock shorts, and stopped for 90 minutes, the selling pressure let up
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Thanks ammo, I had never heard of them before. Searching them, this thread comes up. do you think it is the one?

http://www.elitetrader.com/vb/showthread.php?threadid=105035


Edit: Out of my long trade....losses only for today, will come back monday with fresh mind.
 
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