ES Journal Archive (2006 - 2008)

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Quote from BoyBrutus:

In my opinion there is nothing wrong with scalping. By scalping your interacting with the market and therefore learning and as long as your slightly profitable then thats good. To me this game is one of survival, participating and learning and hopefully paying the bills. Keeping an open mind and learning when scalping is important.


I have had some success in defining a trend in statistical terms of what is a typical pullback at what stage in the trend to expect what. 3 steps forward 2 steps back. Try to account for volatility.

So when there is a probability at a point that this is a pullback, only prior to trend continuation I then look for other supporting evidence. When everything puts the odds in favor of continuation you have to play the odds. At this stage I am a Jack of all trades.

A trend line and moving average are great in hindsight and certainly usable by some to make consistant money.

Trend following also means you have pleanty of what would be considered late entries but the odds are at that stage in your favour.

Why does Spike use a 2 point stop?

Just my 2 cents and certainly no expert on the matter.

To save you the trouble I have attached the formula that is giving me excellent results.
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You are having a laugh, ain't ya, KG? come on dude! It was funny though.
 
Quote from independenceair:

How would you gentlemen interpret a drop in crude ? Is it a sign of a further slowing in the economy or is it a positive for the indexes ?:confused:
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A drop in crude prices is always positive for the economy, whether you can rely on this intraday or not and make decisions accordingly is a difficult task, as crude is not the one and only that affects daily fluctuations, though saying that I do look out for the oil making new highs/spikes, whether there is a trend in oil futures. Overall my opinion is that lower crude prices are good for the economy.
 
Quote from romik:

B1, I am quite excited to see a developing triple BRD in HIST on daily. That would be awesome, shame that there would be no RSI confirm though, but CCI would be in the O/B area.
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Yes, it will be something to be watched very closely. To have the ole triple, we'll need the 1300 test and perhaps the 1320 we have talked about. I think the 1262.50 area continues to be the reaction low. I've been wrong on intraday, but luckily have been getting stopped out with smaller losses. I was unable to pst yesterday, but will update .
 
Quote from Buy1Sell2:

I think longer term , you are right. There may be a bit of heat prior to your target. We'll see:)
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Trend is still long, I will bail at 1292.50. 1298 is a partial pofit target and 1295 resistance to monitor.
 
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