ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Filled long 70.25... stop 69.75

stopped... looking for rentry... long again... stopped agian... all .75 - 1 point stops though so its all good

btw goodluck to you guys using MA crosses to enter and exit trades... i know i could never get it to work
 
Quote from trackstar:

Do you use those MAs for other charts also or just T charts?

Interesting to see MAs working in this choppy market.
More...

just 240 tic charts..each market has its own noise levels...a good trending market ..works best..doesn't matter the direction of the trend.
 
Quote from smilingsynic:

The late Bruce Babcock wrote a very profitable system for currencies based on the confluence of three long-term moving averages. Nelson Freeburg, in FORMULA RESEARCH, modified the system in an issue around 10 years ago.

Most moving average systems, however, are nothing to write home about. I certainly would not daytrade the ES with it.
More...

When you are using 2 moving averages with "interpretation" on the way they interact with the price, you are essentially interpreting a form of MACD.

So, it is similar to JSS's multiple time frame confirmation on div, continuation, etc. signals.

Just another way to look at the same thing.
 
Quote from Lawrence Chan:

back from working on other things ...

did I said no change for the day? :)
More...

good job, probably going lower on monday after these 3 smaller daily bars and another vix drop.
 
Quote from freehouse:

So you must be the one who is long crystal balls. :)
More...

Actually the reasoning behind (ignoring the technical details) is very simple.

There was a big up day that "run" over most of the shorts.

The less capitalized ones are stopped out, but not the major players. They are hanging onto huge positions that cannot be unwinded on that day.

So, what are the big players going to do to recoup their costs or positions?

Run the price up and down to "workout" their average costs at the expense of day trading trend followers, open range breakout traders, etc.

Based on the volume on that run up day, it should take at least 3 days to finish the job.
 
Status
Not open for further replies.
Back
Top