ES Journal Archive (2006 - 2008)

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I am learning from this forum that is for sure. If it is any consolation, I lost about 1/3 of my profit in soybeans yesterday. Although in general soybeans have been really good to me lately.

I much prefer the long moves instead of the quick 2 point scalp. I would definately define myself as a swing trader.

I will try ro be more accurate in my postings from a time perspective. Although, my busy schedule makes it tough.
 
Quote from spersky:

I will try ro be more accurate in my postings from a time perspective. Although, my busy schedule makes it tough.
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Thanks. You make life worth living. You had me at hello.
 
Quote from atticus:

Thanks. You make life worth living. You had me at hello.
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this info will also make your life prosper: ET went over 100k members this weekend. Funny how there are regularly less than 1000 members on the site. :D
 
Here's a little ditty I use, which is only available when 2 opening gaps occur, within 3 days of each other, and remain unfilled. If additional gaps occur, the analysis gets adjusted to include the 2 most recent. 3 consecutive days of no unfilled gap invalidates the analysis.

The analysis which I loosely dub the gap distance pitchfork, is two standard Andrews Pitchforks, and provides highly useful channels. The blue pitchfork point 1 begins on the high of the RTH closing bar producing the gap. Point 2 is the high between gap 1 and gap 2. Point 3 is the low between point 2 and the next gap. The darker pitchfork point 1 is on the low of the RTH opening bar producing the gap. Point 2 and 3 are the same as the blue pitchfork.


So there is no confusion, my chart uses RTH only. Red bars are close less than open, black bars are close greater than open. Pitchforks are standard with no modification and not Schiff, with segments 0, 25, 50, 75, and 100 as divisors. The reddish "fuzzy" price levels are Point of Control
levels based on Market Profile, completely unrelated to the pitchforks.


Good trades to all
Osorico
 

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That's what I think too. A 10-15 points pullback, then going up to 1420 or even up to the 1440 gapclose.

By the way very nice trade B1S2, perfect example of correctly adjusting the trailing stop. Congrats!
 
Quote from Pekelo:

That's what I think too. A 10-15 points pullback, then going up to 1420 or even up to the 1440 gapclose.

By the way very nice trade B1S2, perfect example of correctly adjusting the trailing stop. Congrats!
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Thanks! Looking to get long again. --Fairly overbought right now.
 
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