ES Journal - 2014

wiesman02 said:
Don't forget to rollover !
More...

I learned long ago NOT to rollover on rollover day cause I never did well on stops. I have always thought it was a ploy on screwing the small trader by calling rollover but only ones doing rollover were long term trades by big brokerage houses and all the day traders stay with old contract.

Todays' volume on June was 1,660,579 and Sept was 770,024.
Tomorrow I will monitor volume by the hour and when Sept takes over then I switch months, but often times I switch on Monday.

LOL, I remember the bad old days of when I was first trading Big S&P500 and market simply didn't even have a rally, lost badly cause I kept trying to find the bottom. One thing I have found to be crucial of my trading is keeping a very good home journal, keep tracking of losses, if you trade for any length of time, you can find patterns dealing with yourself, AND these patterns will tell you when to adapt to how you are trading for the day. Like today I had a double loss, loser on both one/two minute ES at same time, the only time I have this happen is when market is in strong trending environment, so this tells me when to adjust for looking for the bottom, and what I do is make the market become extreme as far as deviations and spikes in volume must become even more so extreme and to continue making trend trades/sell highs. For those who can't figure out when in chop, 9ema in cutting through middle of bars or you are getting many trades.
 
http://i.imgur.com/5KX7GH6.png dow charts , start with 1937
http://i.imgur.com/qww7Ss3.png take the highs from 2007
http://i.imgur.com/A8f8QxM.png the lows from 2009,converge
http://i.imgur.com/1cJVJGo.png a 3 step pattern from 1987 for reference
http://i.imgur.com/ofocuQk.png todays 3 step
http://i.imgur.com/VPxSsmS.png dow got within 15 pts of that 14 yr old line yesterday
after the converge in may it broke down then up above the 2000,stopped at the 2009 and now back to the 2000,so it's respecting both, that 3 step pattern doesnt often show up, and plays out even less , just something to be aware of
 
You must log in or register to reply here.
Back
Top