ES Journal - 2013

[RichardRimes]

Quote from ammo:

fool's game is thinking you're somebody, we are all barnacles on a very large ship

 

[sttrader]

Quote from sttrader:

Add to short at 1704.25

 

[mastacoli71]

cash weekly. less then 10 pts from that tl. not saying it cannot burst through but interesting to see if it holds. 1687 most recent weekly swing high then 1654.

 

[ammo]

for scalpers,when looking to catch a turn,you can wait for the dom volumes to turn,shrink down to one price and one total on bid /ask,follow the size, on the first pic, its not a short yet because offer size is still larger

 

[ammo]

2nd pic the bid/ask volume is starting to even up, at this point you could check your other guages and see if you want to get in, or out if you were long

 

[hafez50]

If a trader can't swing both ways he's in trouble longer term. like today there was almost zero downside but theres been some action to the upside but very slow. the last few days 95% of the action has been to the upside. instead of looking to short any upswing buy all dips as the trend has been so great to the upside. There will come a day when the all the action is to the downside but its simply no hereWhy fight for pennies and nickels on the downside when theres quarters and 50 cents on the upside

 

[ammo]

dvol uvol last 5 minutes

 

[ammo]

Quote from hafez50:

If a trader can't swing both ways he's in trouble longer term. like today there was almost zero downside but theres been some action to the upside but very slow. the last few days 95% of the action has been to the upside. instead of looking to short any upswing buy all dips as the trend has been so great to the upside. There will come a day when the all the action is to the downside but its simply no hereWhy fight for pennies and nickels on the downside when theres quarters and 50 cents on the upside

pick a trading style that is most profitable for you and tune out the noise,and stay tuned to your style,speaking of both ways, we've had 3 moves so far..edit , when we are done with benny economics and there is greater risk of upside surprise,i will change styles,this one works great for the last 4 years,down wooshes have been very good on a monthly basis,unemployment comes out on thurs,will protect the avg, don't expect much before that

 

[spxoptions]

Quote from ammo:

2nd pic the bid/ask volume is starting to even up, at this point you could check your other guages and see if you want to get in, or out if you were long

Never noticed the zoom feature on 'Active Trader' tab. Good stuff. Thanks for sharing ammo!

 

[ammo]

like anything you are trying for the first time ,sim trade it til you know it's hi/lo probabilities