ES Journal - 2014

[ammo]

sh nq 16.5, add 17 5.... 06 bid for a scalp

add 19 ... cxl 06 bid, 97 bid

 

[ammo]

Ammo, is there a certain time of the morning where you safely can say, "it's a trend day"? For instance, if DVOL is flat through 7:30 (or some other time), can you make the call at that point?

EDIT: I'm in PST, so 7:30 for me is an hour after the bell.

you get a lot of 10 or 15 min flatlines that dont hold so it's hard to say,6/1.. 7/1 is extreme,hard to hold the ratio, currently 8 /1

 

[ammo]

es is in a 3 step pattern rare and rare that they drop to bottom of 1 st step but could happen

 

[bigsnack]

So do you consider the ratio more important than the shape of the chart?

 

[ammo]

So do you consider the ratio more important than the shape of the chart?

shape of chart is important, guess thats what i watch most , extremes not holding ,back in the 80's 3 to 1 was extreme,and was a lot more reliable short than these extremes we get now,so you have to take them into acct, the thieving(picking off the retail) has advanced twenty fold since then, before the lehman,bear stearns, merrill, desolving, big firms actually picked off each other,so they were at risk, today they all seem to be cohesive

 

[ammo]

add 68 avg 61 25

add 69 75..avg 62.95

 

[tradingjournals]

Models: minus qqq @90.65.

qqq @ 90.87. Models adding to short.

 

[wiesman02]

es is in a 3 step pattern rare and rare that they drop to bottom of 1 st step but could happen

That's what has saved me from getting chopped up on days like this. Buy a support, set wide stop, grab a few points, rinse, repeat. Being able to recognize this PA early. Some PA patterns that should create downside follow through fail to do so. Those are early clues

Small step like pullbacks make for phenomenal support !

 

[tortoise]

Buy the mushroom cloud!

 

[wiesman02]

Just a flesh wound, keep buying !