ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Well done rover.
thx trvl.
as of now I'm looking at 1700 ES, 101 usdjpy - soon. these algos like to hit trendlines and heck these are strong ones. I will be getting short at that point in size. for now, I'm sitting on my hands.
edit: took off my usdjpy short at 10046 for just a few pips in preparation.
time will tell but I'm looking for this to happen soon - opex?
as of now I'm looking at 1700 ES, 101 usdjpy - soon. these algos like to hit trendlines and heck these are strong ones. I will be getting short at that point in size. for now, I'm sitting on my hands.
edit: took off my usdjpy short at 10046 for just a few pips in preparation.
time will tell but I'm looking for this to happen soon - opex?
Notice some "ET sentiment" comments above.
FWIW, below are perhaps some more meaningful metrics vs finger in the wind on some random forum ...
http://www.aaii.com/sentimentsurvey
http://www.aaii.com/files/surveys/sentiment.xls
Per 2nd link, reference the Bull-Bear spread column.
General rules of thumb to consider:
If Bull Market: > -20% weekly spread reading, be on alert and start looking for confirming signals to immediately get long.
If Bear Market < +20% weekly spread reading, vice versa.
Late summer 2009, we started trading significant higher highs on SP, and most would agree the bull initiated. Post that period, we've had approximately 11 unique period -20 or greater weekly spread readings.
After a little homework, what can you conclude when those readings are x-referenced against SP500?
FWIW, below are perhaps some more meaningful metrics vs finger in the wind on some random forum ...
http://www.aaii.com/sentimentsurvey
http://www.aaii.com/files/surveys/sentiment.xls
Per 2nd link, reference the Bull-Bear spread column.
General rules of thumb to consider:
If Bull Market: > -20% weekly spread reading, be on alert and start looking for confirming signals to immediately get long.
If Bear Market < +20% weekly spread reading, vice versa.
Late summer 2009, we started trading significant higher highs on SP, and most would agree the bull initiated. Post that period, we've had approximately 11 unique period -20 or greater weekly spread readings.
After a little homework, what can you conclude when those readings are x-referenced against SP500?
I didn't realize GOOG was reporting.... :eek:
Bless its little pea picking heart...
Bless its little pea picking heart...