ES Journal - 2013

[ammo]

remember the wise words of schultz
http://www.youtube.com/watch?v=UmzsWxPLIOo

 

[volente_00]

Quote from wiesman02:

Decent drawdown over the last 2 weeks. Stubbornly held this from 4 handles profit to a loss. (sighs). Perhaps its time for a week break

Curious what was your reasoning on this trade ?

The probability is rarely there chasing price after a larger move up or down on a gap

 

[ammo]

since 9 54 the uvol was as marked and dvol as marked,uvol outpacing dvol, trying to get to 42-43 on es cleave

 

[ammo]

es 2 25-3...cant get past yesterdays high vol spike low of 41 75

 

[ammo]

41 75

 

[wiesman02]

Quote from volente_00:

Curious what was your reasoning on this trade ?

The probability is rarely there chasing price after a larger move up or down on a gap

my reading of supply and demand based off the 5 min chart. My reading was dead on as I had 4 points in my favor but I've been modifying my strategy as of late to capture more of a move, and making less trades. Trading is more about the exit than entry though, as you all know !

Can you explain more about this ? I'm not familiar with gap up and gap down probabilities.

 

[Visaria]

Dip buyers coming in fast

 

[ammo]

spx broke that 45-47 nip, tagged the 40 5 ledge , back at the nip now res,if it holds,retest the 40 5 and possibly fill that cleave down to 30,if not ?....lower high on the indicator below

 

[Visaria]

setting up for a a few points break on the downside...

 

[ammo]

dvol over uvol suggests lower