ES Journal - 2013

1116-1117 on Russell futures is critical IMO, below that might see a waterfall, above 1133 breakout. (currently in clean consolidation).
 
Quote from ammo:

dow and trans both testing the 20 ema on a 60 minute chart which are both forming hns paterns
More...

Ammo, when you were a pro MM did you ever use MP or other charts?
 
it just came out in 86, a guy next to me in the pit was hand drawing it on an index card,showed me how to draw the pics,and just learned it by repetition afterwards, didnt start doing the multi day charts til o8 when picasso pointed out that it was available on tos,in 86 it worked like a charm in the 80's early 90's,the spx had a 3 pt daily range and traded in nickels,you hand charted it and got your trendlines by marking up the wall street journal , a 60 pt dow move back then was big ,so was a 5 pt spx move, back then you knew exactly what was going on a much larger percentage of the time and less people had adopted it so it was a big edge, the majority of floor traders back then didn't believe in charts, one adage was that every ship at the bottom of the sea was loaded with charts
 
Quote from ammo:

it just came out in 86, a guy next to me in the pit was hand drawing it on an index card,showed me how to draw the pics,and just learned it by repetition afterwards, didnt start doing the multi day charts til o8 when picasso pointed out that it was available on tos,in 86 it worked like a charm in the 80's early 90's,the spx had a 3 pt daily range and traded in nickels,you hand charted it and got your trendlines by marking up the wall street journal , a 60 pt dow move back then was big ,so was a 5 pt spx move, back then you knew exactly what was going on a much larger percentage of the time and less people had adopted it so it was a big edge, the majority of floor traders back then didn't believe in charts, one adage was that every ship at the bottom of the sea was loaded with charts
More...

A psychologist once told me that if you want to really cement something in your brain write it out by hand, don't type it in a word processor. I have copies of Bighog's hand-annotated charts showing me really simple price action setups in ES a few years ago, the stuff you see in old trading books. Now we have all this spaghetti indicator crap and after I played with everything thinking I found the grail, I ended up right back at the really simple stuff.

"We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time." - T. S. Eliot
 
current hypothesis on es is that we worked the top of this bell ,3rd rotation up there and working our way back to the mid at 99 98,the break below that upper nip needs to stay under
 
Quote from NoDoji:

A psychologist once told me that if you want to really cement something in your brain write it out by hand, don't type it in a word processor. I have copies of Bighog's hand-annotated charts showing me really simple price action setups in ES a few years ago, the stuff you see in old trading books. Now we have all this spaghetti indicator crap and after I played with everything thinking I found the grail, I ended up right back at the really simple stuff.

"We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time." - T. S. Eliot
More...

Putting aside personal opinions (don't have one), Donald Trump did this from what I read.. he wrote out his long-term goals a long time ago as you described.

I really like this idea, kind of like PTJ's "Losers average losers" note on his wall.. might be a good idea to help face shortcomings.
 
You must log in or register to reply here.
Back
Top