ES Journal Archive (2006 - 2008)

[JSSPMK]

Quote from smilingsynic:

On a short, short term (less than 5 minute) charts, sure; but remember, it always looks good during the distribution process, which takes longer.

I agree 100%, main problem in intraday is staying in a trade which was originally based on longer time frame. As an example I was seeing a sell set-up on 30m chart, which still looks OK ie bearish, but SO MANY times bounces that can be seen on 1,2,3,5m charts lead to complete reversal of longer time frame's signal. You can study price action for years & still miss intraday reversals ImO, well I do

 

[avarus]

Quote from kinggyppo:

support was like 480 uh oh.

Best signal was UBS issuing a sell signal. I wonder how much they are short.

 

[volente_00]

Quote from ammo:

long 65,out 66

Where's the patience ?

 

[smilingsynic]

Quote from JSSPMK:

You can study price action for years & still miss intraday reversals ImO, well I do

You can NEVER get them all; only a few are needed to make a decent living.

 

[JSSPMK]

Quote from avarus:

Best signal was UBS issuing a sell signal. I wonder how much they are short.

Or perhaps at what price they want to buy

 

[ammo]

Quote from JSSPMK:

I agree 100%, main problem in intraday is staying in a trade which was originally based on longer time frame. As an example I was seeing a sell set-up on 30m chart, which still looks OK ie bearish, but SO MANY times bounces that can be seen on 1,2,3,5m charts lead to complete reversal of longer time frame's signal. You can study price action for years & still miss intraday reversals ImO, well I do

are you using trendlns with those 5,30 min charts, look at tl on 5 min since 8:25 est

 

[ammo]

naz,goog makin new lows, bonds new his, will spus hld,they r not breakin here, bullish?

 

[avarus]

Quote from JSSPMK:

Or perhaps at what price they want to buy

ahh JSSPMK, the beauty of hedged mean-reversion. When you can influence the news and reach deep into your pockets you can't lose.

 

[JSSPMK]

Quote from ammo:

are you using trendlns with those 5,30 min charts, look at tl on 5 min since 8:25 est

Yes I see it, TY! But ImE these TL half the time are there as targets, so basing staying in trade until price reaches a bearish TL though a usable strategy on quite a few occasions it serves as target, for bulls in this case, so I tend to do the following quite often:

Based on today's p/a

1. Sell initial set-up;
2. Scale out & cover not waiting for upper TL to be reached;
3. Look for bounces that sometimes lead to intraday reversals;

That is just totally me, as intraday p/a in equity indexes is more mean reversion based rather than whole day trend.

 

[ammo]

first hour and 1/2 unless bulls ,bears show there hand,theres a lot of posturing, they work pretty well