ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Excellent idea. It can reduce the numbers of trades without reducing the potential of profit.
For me the trend was long from the opening. So all i could do was buy the bottoms.
yes --- yesterday on the decision to hold overnight , it was based strongly on the 60 minute chart coupled with longer term short bias. Today, I was trying the shorter term and it didn't work for me. There were long signals, but I was basing on my overall bearish bias on daily and weekly charts. Thanks for the input. Further note: I think if I am mostly trading short because of larger picture bearishness, then I should make certain the 60 minute is bearish also.
To me:
monthly is long
weekly is long
daily is short but possible reverse to long within the next days
OK, don't laugh, but this is me. Here we go...
Monthly - don't care
weekly - don't care
daily - don't care
next 30 seconds - 5 minutes new highs/lows based on volume analyses/block trades over 31 lots and one more parameter does it for me most of the time.
Commission of course becomes a problem, but I would rather be almost 100% certain what's happening right now, than hoping I am right in the direction of the market in the next 3,5,7,8,24,etc hours time. If my system proves to be good in the next 6 months time I'll consider reducing exchange/commission fees/rates.
This is a question for all reading this thread.
You are sitting at your desk and looking for a winning set-up monitoring indicators, volume, trend, etc. Let's face it, not something you would call an easy task. The question is this: Is finding a losing set-up just as challenging as finding a winning one. Could you find a definite losing situation? Or perhaps if there are no winning set-ups it would make it just a guess?
What do you think?
You are sitting at your desk and looking for a winning set-up monitoring indicators, volume, trend, etc. Let's face it, not something you would call an easy task. The question is this: Is finding a losing set-up just as challenging as finding a winning one. Could you find a definite losing situation? Or perhaps if there are no winning set-ups it would make it just a guess?
What do you think?
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Spike500;
Excellant points,
And when it sprinkles/rains ,the current gets better/helps more.
Not so sure counter trenders like Buy1sell2 '' traders will be in the long run the losers'';
even though dont put on near as many shorts in a bull/uptrend exactly for the reasons we mentioned.
Plus when trading with long/ medium time frame trend;
a less than excellant entry can still profit/excell with trend;
shorting timing much more critical,
especially leveraged.
, especilly when its counter trend.- Status