ES Journal Archive (2006 - 2008)

[elovemer]

....saxon... i dont know how you do so well if you are only going for 4 pointers....
.... if it works... dont break it

 

[Pekelo]

Quote from saxon22:

Guys what is your take on B bands?

John is God! Bollinger, that is....

If you come to the chatroom , I will explain how I use it...

 

[satchel]

saxon, if you are scalping then all you need is the DOM, like TT. I think forget charts, MA's. Order flow will tell you everything you need to know and fast. Keep the stimulus down. A Scalper lives for the moment and then the moment is gone and it's fresh reality all over again.

If it's working stick with it.

 

[dmartin]

Quote from saxon22:

Please do not tell me I need another 12 to 16 years to master this? No wonder some traders go nuts.

I don't know how long it will take. That was not my main point. I think trading is a serious undertaking and should not be taken lightly or that one can achieve success with a flip of the switch. Successful individuals in the arts, sciences, professional sports, medicine and trading share much more in common than is traditionally acknowledged.

DMartin

 

[saxon22]

Just took of my first half (5 cars at 1536.75), stop moved to BE plus 1 tick (for the commish). Lets see where the second half will take me. Once price goes another point down, stop will be moved 1 point (plus that extra tick)

 

[mbusch]

We have now retraced exactly 50% of the move from 1532.50 to 1540.25. I am now long.

Here's one possible interpretation of the big picture for those into wave theory. It suggests we're in the fifth wave up of the fifth wave up since the fed rate cut. For this view to be valid, we need to get above 1544 and then 1552.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1620074 width=600>

Click link below for full-size chart.

 

[satchel]

Forget 33, take all of it!

Moves down will be tight sharp scalps. Get in for the kill n get out. Not big swings today.

 

[saxon22]

Stopped out. Next short mid 40's

 

[mbusch]

Quote from saxon22:

Stopped out. Next short mid 40's

Sorry, Sax. It was probably my huge long position that stopped you out.

 

[brightstone]

Quote from mbusch:

We have now retraced exactly 50% of the move from 1532.50 to 1540.25. I am now long.

Here's one possible interpretation of the big picture for those into wave theory. It suggests we're in the fifth wave up of the fifth wave up since the fed rate cut. For this view to be valid, we need to get above 1544 and then 1552.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1620074 width=600>

Click link below for full-size chart.

thanks for the great chart and explanation.