ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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hammer handle is apex bar. enter next bar ..apex8 name tells u something .....candles make it clearer.......intraday trading off daily signals never made sense to me....1 bar all day ? note the hammer handle over twice the length of the hammer head....cheap stop for position trader......set stop at bottom of hammer handle or apex....if you must use this stuff. the basic move for successful trading is first entering with trend and secondly getting the stops right........entering as daily trader using the hammer means the apex/end of hammer handle, is the zero starting point of new run or at least many points, which is excellent stuff....this is very basic info....retracement gives cheap stop opportunity....just like retracement on top down... rounding over at very top of down run.....rounding pattern gives cheap stop opportunities......these are time tested patterns.....100 years? very boring day with market closed...very basic info...note the retracement down is very much with the trend entry see the big points???this proposed entry is still in channel.....but the entry there is re-entry as buy should have already produced big points...from hammer next bar entry.......again using hammer handle bottom as stop...there is no such thing as noise, it is all price.......price paints channels, channels show run or chop the only 2 things the market can give you to trade....
hammers, shaven heads give a lot of opportunies for cheap stops....low risk.....minor loss.....how do we know it will work each time....it won't...nothing else will either........when we say you can't learn from dead charts, think about this...all charts are dead except the current bar......."noise" is price.......price is money....is money important?
will cut responses to one short sentence each time if annoying anyone.......
no value for me...only hammers shaven heads doubles
Yeah porgers, I got that and a lot more for free over the internet.Quote from brotherben:
if u find what you really need to stay in business, you will see how simple it really is...for instance..find 2 lines that cross and tell you good stuff.... for emotional control a high percentage system is best...losses create fear.....we all lose sometimes, but best for them to be occasional, not often, even if we keep them small..you can't build confidence if you have loser stamped on your forehead every day's end because you believe losses are good......losses happen....that is not good...keep them few and far between imho......... ..the human mind is the real enemy, not other traders...takes a few years to get there......be willing to give the effort that most won't...j j internet stuff right? LOL...
Here's the latest one I'm reading.
Trading to Win
from Ari Kiev
He mainly talks about the psychology of trading, being disciplined and effective risk management. Here are the chapter listings:
1. Psyching Yourself for a Winning Career
2. What the Best Traders Look Like
3. Centered Trading
4. Visual Imagery - Rehearsing Tour Moves (I think there's a typo in the title, it should read: Visual Imagery - Rehearsing Your Moves)
5. Concentration - The Key to Preparation and Recovery
6. 100 Percent Commitment - Promising the Result and Expanding the Risk
7. Basic Trading Principles
8. Managing Risk and Other Advanced Trading Principles
9. Teamwork
10. Dealing with Stress
11. Overcoming Common Mistakes
12. The Power to Change
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You posted pretty good information too though, I don't disagree with any of it.
Good trading is good trading.
Good trading,
JJ
I only saw this now, after being away on a 3 days long weekend:
Jeff, I really like challenges, but if you noticed, my predictions were about shorter term indtraday moves and not "what will bring the future next week?" type of longer term forecasts. If you would like to know what I think of the market's movement in term of days, check out my positions in my journal. So far it has been profitable and been up nicely.
On friday I left early for the weekend, but had I stayed, I would have predicted a rally after 2 pm topping between 3:30-45, and that's exactly what happened. How did I know? Friday was a classic ADU and I already posted its timeline in this thread a few days ago, go ahead and look it up....
Otherwise what is YOUR technical prowess saying about the next week?
Jeff, I really like challenges, but if you noticed, my predictions were about shorter term indtraday moves and not "what will bring the future next week?" type of longer term forecasts. If you would like to know what I think of the market's movement in term of days, check out my positions in my journal. So far it has been profitable and been up nicely.
On friday I left early for the weekend, but had I stayed, I would have predicted a rally after 2 pm topping between 3:30-45, and that's exactly what happened. How did I know? Friday was a classic ADU and I already posted its timeline in this thread a few days ago, go ahead and look it up....
Otherwise what is YOUR technical prowess saying about the next week?
JJ...i believe in always having an open mind, believe it or not...always striving to improve the trading..a trading plan/system must fit the individual personality.... ..good trading my friend, i wish you all the best...i will try real hard to be positive with my comments....happy trading
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