ES Journal Archive (2006 - 2008)

[brightstone]

merger monday,
let it ride.

 

[Buy1Sell2]

Quote from Buy1Sell2:

Depends on the next 2 or 3 15 bars. I view reaction as having a reaction that lasts for a bit. The market can probably be bought above that 1371.25 though I would say.

Edit:1371.75

 

[brightstone]

trailing stop.

Quote from brightstone:

merger monday,
let it ride.

 

[romik]

Quote from volente_00:

If you look at the 5 min chart you would see short grail, followed by a long grail. Throughout last week I've tested reverse signals triggered by a specific RSI pattern. No confusion here man.

 

[volente_00]

channel is kind of screwy , lower lows and higher highs at the same time.

 

[romik]

Has anyone checked out long pattern on the hourly? No wonder long pattern has outweighed the short one.

 

[Buy1Sell2]

Quote from romik:

Has anyone checked out long pattern on the hourly? No wonder long pattern has outweighed the short one.

Yes. Do you think a larger profit target should then be taken on hourly signals as opposed to the 15?
Or Perhaps hourly signals should be let alone to ride, while 15's have a target?

 

[brightstone]

Coming of a short grail?

Romik,
you mentioned to me earlier to wait for the formation of a full five minute bar to recognize the shorting opportunity.

I am now followiing the line chart we discussed previously and was wondering what to use to signal the next opportunity.

3 min seems to show short grail...

 

[romik]

Quote from Buy1Sell2:

Yes. Do you think a larger profit target should then be taken on hourly signals as opposed to the 15?

Perhaps yes, but I believe that's where it all might get a bit confusing, you said it yourself enter/exit on same TF. I've decided that I prefer taking ALL reversal patterns on the same TF, no matter how weak or strong they might look. I've moved on to using a spread bet firm, as spreads got tighter on S&P down to 0.4, instant fills on all set limits no matter what's happening with price, no commissions and of course no income tax for us in the UK.

 

[Buy1Sell2]

Quote from romik:

Perhaps yes, but I believe that's where it all might get a bit confusing, you said it yourself enter/exit on same TF. I've decided that I prefer taking ALL reversal patterns on the same TF, no matter how weak or strong they might look. I've moved on to using a spread bet firm, as spreads got tighter on S&P down to 0.4, instant fills on all set limits no matter what's happening with price, no commissions and of course no income tax for us in the UK.

Perhaps a trader would have a trade open on 15 and a trade open on 60?