ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from jagmot:

Hit a few golf balls but I'm back for the close.
RSI on most of my charts I see is severly oversold. Not my usual trade so I'm just going long 1 over the weekend at 1360.25. Catastrophic stop at 1322
More...

Whenever I do a non system trade I trade only 1 contract. I get to have my fun and psycology wise I think we all like to try picking bottoms and tops.

Just want to say one more time, gap and go days tend to trend all day long, especially lately.
 
Quote from kamek:

i'm 21 going on 22 in july. i still live with my mom and my bills come up to 300 dollars month. lol. i have 4 months of livin expenses but i think i can do it as long as a stay discipline and stick to the script
More...

good luck, dude. wish you well....:)
 
Quote from jagmot:

Covered last contract at 1375.50. I see the 30, 60, 120, and 240 RSI starting to bottom out. Plus I'm ready to start the weekend. This week went almost perfect.
More...

great trading, dude...WTG!
 
Quote from rc5781:

My best guess for a buy is the 1340 area. Anyone else looking to buy here? or earlier?

Quote from Volente_00:

the magnet is 134 area for now

Vol,
What can you see at the 1340 level.

regards
f9
 
Capital management is the only true edge in trading. The trader who loses the least when wrong and lets the winners run will be amongst the most successful traders. This is the edge that traders need to seek. An entry can be made anywhere and with the right protective stop, the trader will still be profitable. Now, put the chart together right and add good entries and exits and it only sweetens the pot. 2008 is proving to be one of my best years using this philosophy and I intend to continue so if the markets will allow. Let's get back to posting trades and ES related analysis and try to down others less. Thanks--

:)
 
Quote from kamek:

thx
More...

you have age going for you, here is a tidbit..

1) price is a variable a function of time, x - axis (time) y - axis (price)

2) the price can have wide ranges per time bar. Time bars (ticks, minutes, daily, weekly, monthly)

3) entry into these time bars in the middle whether it be short or long will blow your position out if enough leverage is used. Eventually your reduced to entries at only previous highs or lows of those time bars. ie significant resistance/support or taking minimal leverage.

4) countertrend trading at outliers is very profitable mainly at resistance or support holding.

5) price becomes reduced to probability distribution as a price channel or market profile.

6) setups are rare because price usually is trading in the middle of the market profile or channels most of the time. Thus setups are mainly at entries near the outliers such as the monthly highs or lows, weekly highs or lows..


given conditions:

minute to minute oscillations can't be predicted. second to second sure,... but orderflow expresses itself in terms of price movement (gaps)

if price is just random oscillations per time bar then what has the most meaning?... what price does at the extremes of the time bar. Meaning can only be elucidated at the extremes. Meaning or intent. The random oscillations of price create a dispersion pattern. When a outlier fails (support or resistance) the next degree of time bar is tested.
 
<a href="http://content.screencast.com/media/ed043c50-2e8a-48df-bd3e-05bee43820af_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06082008-111620.jpg"><img src="http://content.screencast.com/media/ed043c50-2e8a-48df-bd3e-05bee43820af_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06082008-111620.jpg" width="1886" height="1050" border="0" /></a>

an 'outside' daily bar...
 
Status
Not open for further replies.
Back
Top