ES Journal Archive (2006 - 2008)

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Thanks and the same to you. I would like to suggest that you look into slightly out of money leap strangles. There are some pretty good ones and cheap. I have traded options. Time is your friend.
 
i would love to tell myself that all i need to do is hold on to winners longer, but i know that a day where the market drops 10 points straight down and then climbs 14 points straight up is very unusual.

Quote from 4re:

I don't think it really changed anybody's mind one way or the other. I figure if you are one of the few making money consistantly stick with what you are doing. You made 3 points today while a lot of people lost a lot of money. Could you have made more, sure but you could have lost more also.
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Here is yesterday's chart of the 15 minute continuous. Unmistakable signals for upside reversal. I have not been intraday trading this week, so this is just for informational purposes so that more examples of the patterns can be shown.
 

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Quote from Buy1Sell2:

One should never discount the bullishness of the weekly chart when looking intraday. Typically, it may ok to consider bullish intraday signals as stronger signals as compared to bearish intraday signs. Just something to keep at the back of one's mind.
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From this journal 11-09-06
 
Quote from Buy1Sell2:

Here is yesterday's chart of the 15 minute continuous. Unmistakable signals for upside reversal. I have not been intraday trading this week, so this is just for informational purposes so that more examples of the patterns can be shown.
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Hi B1, 15 evolved into 60 actually, hence all this continutation I suppose
 
And now the RTH 15 with similar results. I like looking at both the RTH and the continuous chart. Notice here how there is no obvious reversal signal yet to go short. It may be time to go short but we don't have an obvious signal yet, so we must defer to reaction lows and stay long.
 

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Quote from Buy1Sell2:

And now the RTH 15 with similar results. I like looking at both the RTH and the continuous chart. Notice here how there is no obvious reversal signal yet to go short. It may be time to go short but we don't have an obvious signal yet, so we must defer to reaction lows and stay long.
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"It may be time to go short but we don't have an obvious signal yet."

Would this be a scenario for initiating a Buy1Sell2?
 
Quote from wave:

"It may be time to go short but we don't have an obvious signal yet."

Would this be a scenario for initiating a Buy1Sell2?
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No. I am referring to the 15 minute chart. I have sold a few calls out of the money recently, but by no means full bore as the weekly chart is still very bullish.
 
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