ES Journal - 2017/2018

[Spectre2007]

Looking for a classic pin bottom with the left shoulder and neck formed. Possibly 2 more humps for a true head and shoulders. The price spike down looks hideous but could be ‘87 fractal.

 

[KevinD]

87 fractal would be that secondary failed retest of the high/lower high (just under 2800) and a crash under the 2016 lows. Or do you have something different?

 

[algofy]

What the hell is an 87 fractal, is that an old car?

 

[Spectre2007]

What the hell is an 87 fractal, is that an old car?

 

[Spectre2007]

It has to rebuild the base between 2700-2540,.. otherwise it ends up creating the right shoulder double top.

 

[Buy1Sell2]

Volatility is the enemy of the retail trader. While most folks think that volatility is what they need, they do not understand that Vol creates more chances to read the chart incorrectly, make bad entries, take profits too soon, pay more commissions etc.

 

[tiddlywinks]

Volatility is the enemy of the retail trader. While most folks think that volatility is what they need, they do not understand that Vol creates more chances to read the chart incorrectly, make bad entries, take profits too soon, pay more commissions etc.

This is exactly what one would expect to be said by long(er) term market participants.

Volatility as a standalone input creates opportunites. Chart reading ability and execution mechanics are unrelated to volatility. It is true however, more opportunities may mean more trading and therefore associated costs, dependent on the trade triggers being employed to exploit the volatility.

 

[Buy1Sell2]

This is exactly what one would expect to be said by long(er) term market participants.

Volatility as a standalone input creates opportunites. Chart reading ability and execution mechanics are unrelated to volatility. It is true however, more opportunities may mean more trading and therefore associated costs, dependent on the trade triggers being employed to exploit the volatility.

And it creates more opportunities for mistakes on both entries and exits (taking profit too soon). Less activity means better chance to profit. Case in point would be long term buy and hold which is a 100 percent winning strategy.

 

[Buy1Sell2]

Swing trade Long 2659.00 Initial stop 2425.00

Out at 2719.25 for gain of 60.25 pts.

 

[tiddlywinks]

And it creates more opportunities for mistakes on both entries and exits (taking profit too soon). Less activity means better chance to profit. Case in point would be long term buy and hold which is a 100 percent winning strategy.

This, is 100% FALSE. Activity and chance are, well, parallels. "Better chance to profit"? If activity(as in price movement) means chance then the trading is flawed. if there is no activity, the trade is wrong. If there is activity and generates loss, the trade (assuming entered for profit) is wrong. Activity is not chance. Such trading is flawed. Again, chart reading ability and execution mechanics are unrelated to volatility. Volatility does not change the "how" a trader or computer analyzes nor does it change execution mechanics. However, it may change "why" or "when" a trigger is generated.

Your buy and hold case in point is textbook for why long(er) term market participants shy away from volatility.