ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Appreciate your question! It is true that I have no idea what the next bar will be. I only deal in probability with the technicals that I use. When I mention what may happen, it is from seeing the patterns develop in the past and knowing then what to expect for the future. The Histogram did occur on the 2:30 EST bar . I would say and Spike can perhaps confirm, that the 60 minute bar can carry well into the next day whereas the shorter term may not. With the double bearish divergence, it is indeed possible that we will see further downside beyond the 3 or 4 points this afternoon on Monday. The overnight Sunday could well feature a bounce followed by perhaps a triple divergence on Monday. In any event, when daytrading or swing trading, I think if you use money management effectively, most set ups can be traded. They will not always be right and MM techniques get you out before the loss kills your account. --Now position trading--that's another story--As you know, I use no stops on most ES position trades.
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This the analysis that I had made. I don't try to toot my own horn too much, but I am quite proud of this one. Sorry for the back patting!
 
Quote from sosa1974:

10 yr note kept ticking up and up (5.14%), and then equities finally broke out of their tight channel, thanks to Bernanke comments. Congrats to anyone that was able to hold short long enough to catch that 12 point down run.
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Great to have you posting here. Hope you were able to get some profit today--do you have typically a long or short bias.
 
Quote from Buy1Sell2:

Great to have you posting here. Hope you were able to get some profit today--do you have typically a long or short bias.
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I have a short bias and only look for short set ups with ES. And yes I caught 5 points but diasppointed with the fact I got in so high (1321.50) and it fell so low(1307.25). I can't complain though. I had a feeling you were on to something when you called that bearish divergance this morning. I was reading the same thing actually. Anyway good job bro, I have a feeling this is going to be a good summer, especially for you.
 
Quote from sosa1974:

I have a short bias and only look for short set ups with ES. And yes I caught 5 points but diasppointed with the fact I got in so high (1321.50) and it fell so low(1307.25). I can't complain though. I had a feeling you were on to something when you called that bearish divergance this morning. I was reading the same thing actually. Anyway good job bro, I have a feeling this is going to be a good summer, especially for you.
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Well I certainly hope for you and the others it's a good one as well!!
 
Quote from xxxskier:


I'm dumb and lucky today, my plan called to go short at the 1321 area, which I didn't do, so my entry was not good. Throughout the morning I noticed that AD was slowly weakening and NYSE-TICK was making lower highs and lower lows. I'm just glad I didn't try and go long early in the morning as it was trying to break yesterdays high....actually had my finger on the button....close one. [/B]
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Sometimes it's better to be lucky than smart. But don't count on it too often.
 
i like t hat horn tooting when u deserve it an du do......so do it again for tuesday tomorrow............let's do it again.........t hanks
 
ym there were 8 good trades today............should i wait for something else? 85 trades 100% accuracy since thursday before last........so let's toot......nobody else will...........you see i don't care what the next day might bring, only what it does bring and my system doesn't miss anything worth trading.........i can tell you that tomorrow i will see a few buys and a few sells..........even if it is a trend day all day .........otherwise it will be the same as usual..........this is not an 8 day anomaly.........only tightened the settings to filter the iffy ones.....to eliminate the guesswork by the system........porgie not allowed to think .........only allowed to pull the trigger when right now picture is seen........when big move seen, only time porgie allowed to move in and take control for a brief moment, and that is when i move to shorter time frame chart with no change in robust system........i just can't believe u guys mess with the es.....it is nothing near the old days when it ranged 20 pts average 2 to 4 times a day a lot, now it is not worth it for me........YM or NQ only emini's i see worth trading........es has weak range compared to other 2.........watching the es paint dry can't be very exciting.........i can see the big S & P with the 250...........pts...........
 
Quote from porgie:

i like t hat horn tooting when u deserve it an du do......so do it again for tuesday tomorrow............let's do it again.........t hanks
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Porgie, not certain I could do it like that on daily basis.
If I was to hazard a guess/call for tomorrow though, it would be roughly the same--an attack to the upside on the 20 hour MA with a better tan even chance to cross a bit and touch the upper BB and then a selloff later Tuesday or Wednesday. However, I do understand what you are saying which is to trade what you see or that the system tells you and I do try to do that.
 
i would recommend to none of you nice fellows to pursue it to there.........just a ridiculous amount of time spent and money not earned .........health problems no doubt attributable also........but it is going to benefit others in family as well as myself........i don't like money.......money was not objective for me, though i knew if it happened what would have to follow......... ...i love life and people........ i admire your tenacity ..and integrity...that is what got me to the point. .....thank you my friend....Only God is good........
 
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