ES Journal Archive (2006 - 2008)

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To clarify my views on DDF. I must admit that my initial reaction to Steve46's post can be classed as "jumping the gun" for the reasons I am not going to disclose on this thread. In reality there is nothing wrong with DDF based trading, as long as one treats it as one of the major S/R intraday levels and seeks confirmation/s prior to any possible action/s to be undertaken with other indicators/price action/etc, like they would do when price approaches any other S/R level.

I will confirm that in my experience purely trading off DDF does not provide required level of probability/accuracy, that being @ Clayburg's ~75% success rate. Steve and some other posters have confirmed that they use modified approaches when referencing DDF and those IMO are reasonable conclusions regarding DDF methodology.
 
Quote from Buy1Sell2:

At the moment, I am short the three units from Fri in the short term account and short 9 units in the positional account.
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I come into today with the same positions. Hourly chart hints at downside pressure. I'll hold for now.
 
Covered my friday overnites for small gain. Going to stay flat until FOMC. Low volume, low vix equals not enough action. Hopefully the Fed will clarify their actions wednesday. There will be a dramatic spike in volume after their statement. My experiment of trying to hold for bigger gains is done, its just not my style and I dont feel comfortable holding even though it has worked twice in 2 weeks. I dont have the stomach for swing trades yet.
 
Quote from Buy1Sell2:

I come into today with the same positions. Hourly chart hints at downside pressure. I'll hold for now.
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Nice little bounce on hourlies. There is a potential for the downside MACD bearish divergence to form. Trend would be currently slightly up, but the pattern of divergence could certainly form. I have my stop in and if/when stopped out, I will be looking to increase size a bit on next signal. I am only looking for significant points .
 
I usualy have a large block to buy or sell at market right before the news. As soon as thebreakout occurs I hit the send buy or sell and ride it a bunch of ticks and then get out quickly for a 5 second scalp.
 
Quote from romik:

anybody planning to trade the FOMC tomorrow?
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Just completed a new patio with hot tub and also just opened the pool. Heater should have the water right by tomorrow, so I may not be available during market hours tomorrow. However, I may decide to set the laptop on the deck and watch it from the pool and/or tub.
 
Quote from optioncoach:

I usualy have a large block to buy or sell at market right before the news. As soon as thebreakout occurs I hit the send buy or sell and ride it a bunch of ticks and then get out quickly for a 5 second scalp.
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I do the same thing, just like surfing a nice wave.

4re
 
Quote from Buy1Sell2:

Just completed a new patio with hot tub and also just opened the pool. Heater should have the water right by tomorrow, so I may not be available during market hours tomorrow. However, I may decide to set the laptop on the deck and watch it from the pool and/or tub.
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Nice! Can't wait to be in your position someday. Just wait for those positionals to roll in!!
 
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