ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
.... i see your point...
.... but i think this may be easier for those with huge accounts....
.... could be wrong.....
Quote from Buy1Sell2:

And sometimes, I will be wrong. So what--:)

The best thing to do is to get away from the mindset that has us trying not to lose any money (breakeven stops/2 point stops) and instead focus on not losing too much.

This is the attitude that a successful trader needs to have.
More...
 
How do you guys handle the mechanics of rollover? I am talking about charts. We are supposed to be trading Z today, but the dec charts are not showing enough volume/ tics to give me a good picture using the same resolution I had for Sep.
 
saxon, the move was all this morning, not really "overnight"

I still don't know what the "excuse" is for the runup.

so what happened at 7:30 this am?
 
Quote from Jaxon:

Osorico, you totally lost me. I don't see a gap on Sep 5, and I don't understand how contract rollover creates an opportunity.

Any idea what the excuse is for this morning's runup in price? :confused:
More...

Using RTH only, there is a remaining gap on ES from 9/5/07 @1484.50-1491.00.

Today is rollover day... the "Z" contract has (much)more time premium than the "U" contract. In a few days the "U" contract will have NO premium. Someone else will need to 'splain the rest.

Osorico
 
Quote from elovemer:

.... i see your point...
.... but i think this may be easier for those with huge accounts....
.... could be wrong.....
More...

Principles are the same for all sizes of accounts. If account is small enough that the same principles do not apply, then the account needs to closed and built up another way until it can be traded properly.
 
Thanks, oso - I had to set my charts to "day only" and a 30 min chart (or other time bar) to clearly see the gap.

I am still a little skeptical about filling the gap simply by rolling to the next contract that trades at a 10 point premium. Depends on how you construct your charts I guess.
 
In my view, it is important for one to learn that pullback or retracement is an acceptable thing to sit through. Nearly every run one way or the other contains this feature. Instead of attempting to short an uptrend and grab a couple of points, it may be better to sit on your long trade (or vice versa) and let it really earn for you. I myself am not afraid to give back entire profits if the trade still looks directionally ok. This sounds crazy, but when you reverse and try to grab a profit the other way, many times you will then find yourself on the sidelines looking to get back in and not pulling the trigger right. In my view, the less trades you make, the less chance you will have to make mistakes, but you will have a better chance of catching the big winner.
 
Quote from saxon22:

I hear you guys, but over 10 points n two hours after hours???? Smells fishy if yo ask me. :confused:
More...

Dec ER2 fell off a cliff after the open. Something does smell a little fishy.
 
Status
Not open for further replies.
Back
Top