ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from 4re:

... most in this thread use more divergence method for trading. I think, anyway.

4re
More...

I think the more information the better, I could be in a position based on a 2 min TF divergence and my PT is limited to say 2 points, at the same time my exit point turns out to be one of the major resistance points, which I would have traded larger position on breakout anyway, so that 2 point PT can become 4-5 points, as 4RE in his journal, I tend to trade breakouts for 1-2 points. It can be beneficial to try and see what other traders' systems tell them, even if that contradicts with our own.

And to add to Jimmy's post, yes of course a trader should really only trade his own systems calls, but the strength of a signal increases substantially if your system tells you to go long, same here and others, as all systems are based on probability. So I will look at other peoples charts and read their reasoning. All other images of PnL are just meaningless.
 
Quote from romik:

I think the more information the better, I could be in a position based on a 2 min TF divergence and my PT is limited to say 2 points, at the same time my exit point turns out to be one of the major resistance points, which I would have traded larger position on breakout anyway, so that 2 point PT can become 4-5 points, as 4RE in his journal, I tend to trade breakouts for 1-2 points. It can be beneficial to try and see what other traders' systems tell them, even if that contradicts with our own.

And to add to Jimmy's post, yes of course a trader should really only trade his own systems calls, but the strength of a signal increases substantially if your system tells you to go long, same here and others, as all systems are based on probability. So I will look at other peoples charts and read their reasoning. All other images of PnL are just meaningless.
More...

Yes Sir,
Eventhough I am more of a breakout trader I always check out this journal to see what you guys are seeing as well. It only makes sense. Especially if you trust that they know what they are doing. And I agree with you statement about pics and PnL. Of course swapping baby pics over the weekend and getting to know people a little more personally over the weekend is cool. Have a good trading day.

4re
 
Romik,
Are you looking for a trade or are you in you a trade right now? I was just trying to find out what you guys are looking at. I am seeing bearish signs for today.

Thanks,
4re
 
Quote from 4re:

I think with all these wild swings I am going to be sitting on the sidelines at least for today.
More...

I am looking at the possibility that we may have a selloff starting any time 11:30 to 14:00, if this happens we will take out yesterdays low or least get close to it. 1254 would be confirmation.
 
Quote from BoyBrutus:

I am looking at the possibility that we may have a selloff starting any time 11:30 to 14:00, if this happens we will take out yesterdays low or least get close to it. 1254 would be confirmation.
More...

If we can break 1251, I would go short at 1250.50 or long 1261. But those are the only trades I am looking at right now.

I would like to see that sell off and agree that we should see it.

Thanks,
4re
 
The broader daily picture in my view is for a long trade as the market continues to swing back and forth and base out. I am short in my weekly(long term account) and long in the daily (short term account).
 
Status
Not open for further replies.
Back
Top