ES Journal Archive (2006 - 2008)

[saliva]

Quote from Spectre2007:

you can't argue with the ultimate result of all forces on the market, which is price.

if you look at whats happening on the economic scene, its a credit crunch on only people without wealth. Even real estate is isolated to the flippers.

I sense a very good opportunity in the market, will be looking to buy into any significant declines. Will add position trades, at 1380 if we can get there. 1380 is a coast to coast target.

technology rebuild and earnings should continue to enjoy gains from the world rebuilding itself. Long term rates are hitting levels, that favors speculation again.

You have my blessing. But must you buck the trend. Why not let the price tell you which direction to flip as you so eloquently stated? I can care less whether the market soars to another high or plummets to its grave. Come rain, come shine, just show me the money baby!

 

[brotherben]

that turn today was nice.the 9;00 was nicer and smoother result........but i don't understand why a trader cares bout times...when a good system gives the entry, buy or sell....WHAT IS THE KISS OF DEATH?

 

[brotherben]

KISS OF DEATH? volente, I heard it is a great thing to know..have you heard of this?

 

[brotherben]

counter trend trading is very addictive and fatalistic....

 

[Spectre2007]

ES candle timeframes. Candles are better for looking at where the market opened and closed on each bar.

 

[TrendPro]

brotherben....when you have no direction bias and know where the high percentage safe stops are, and don't even dream about countertrend trading, and place all confidence in system and sit on your ego, you can do some nice stuff

careful, you keep on like this and your gonna get yourself in trouble around here

 

[TrendPro]

brotherben....counter trend trading is very addictive and fatalistic....

thankfully everything works together for the overall good: winners need the fader's stop loss orders to sustain the primary trend, and the nimble faders make or lose their 3 or 4 ticks all along the way

using vol's "rule of 10" paradigm: faders wait for the rule of 10 then enter, winners make the rule of 10 then exit

applies equally to all of these time of day reversal points, where the market moves 8 points while the faders are waiting for 10:30 to roll around on the clock

 

[saliva]

Quote from TrendPro:

thankfully everything works together for the overall good: winners need the fader's stop loss orders to sustain the primary trend, and the nimble faders make or lose their 3 or 4 ticks all along the way

using vol's "rule of 10" paradigm: faders wait for the rule of 10 then enter, winners make the rule of 10 then exit

applies equally to all of these time of day reversal points, where the market moves 8 points while the faders are waiting for 10:30 to roll around on the clock

Uhm, I guess I'm late to the scene to know what the "rule of 10" is. Can I get a pointer on what this holy grail is all about?

 

[callmate]

Quote from saliva:

Uhm, I guess I'm late to the scene to know what the "rule of 10" is. Can I get a pointer on what this holy grail is all about?

volente a resident on this thread uses this method whereby one fades the move after a 10 point move in ES intraday, usually for 2 points or more.

 

[brotherben]

from the first live trades volente called a couple of years back he was in trouble with stops....to blindly enter as u say, if that is it, is still in trouble with stops.unless entering dips and rallies.....why would anyone let a one contract =$500 trade go that much money without entering...please never trade stuff dreamed up here until you have proven it realtime demo...if u are not extremely seasoned trader these low percentage systems will put you into more stress than you probably dreamed possible......by the way, counter trend is super high risk.homerun hoping...get real, go with trend...but then the apex comes along and it looks like most of the counter trend failures just seen and bingo...nobody here can get that one to the tee....close doesn't even matter, but 10 es pts seen before entry is unbelievable. I am pretty sure I gave volente that only it was something like 5 pts maybe or something like that....he is a tenacious little fellow that is why he might succeed....I truly hope he does...times are like S/R...made to be broken......