ES Journal Archive (2006 - 2008)

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I would wait for a signal that occurs on both the 10 and the 30 for intraday in my view. Anything less than the 10 would be too active.
 
Quote from Batterup:

Been a challenge today. Two trades, still long, no loss STOP is in. bighog out. (on other pc for now). later
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why use 2 handles? for split personality days? :)
 
Quote from Buy1Sell2:

I would wait for a signal that occurs on both the 10 and the 30 for intraday in my view. Anything less than the 10 would be too active.
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As I am a scalper I look for short term movement, here is my idea of an entry 1437.25 see the RSI roll over at 70 and the MACD.

Cannot seem to upload file, sorry
 
I just wanted to jump in and say what a great thread this has been (haven't read the whole thing yet, just trying to assimilate as mch as possible), Just had a few questions, mostly for Volante (who has become my trading guru, from this and other threads...):

I have seen several references to the "rule of 10", but I have been unable to find a complete explanation. Is it that ES tends to retrace after a move of 10 points in either direction?

Also, I first came across you on the YM thread, Have you switched over to ES? If so, why do you prefer one to the other?

Sorry if these are newbie questions, Its just difficult to slog through page after page, fascinating as it is...
 
Romik, I just wanted to mention something to you about the approach that you were using and that I had tested for a couple of weeks.--Flipping I believe you called it, while I called it whipsawing.--It works much better when using the grail divergence system simply due to the fact that fills are so much better ie catching the turns etc. If you go back to the first part of this journal, you will see where I was adding to each "probe" and the result was very good.
 
HA, actually it is seperate pc's. HA, this morning i took the +6 1435.00 long, took "HEAT" as it almost nailed the STOP, road it up to 1439.00 and bailed it at 1437.00 for 2 Went long again after 1433.00 held as support, but waited until 1435.00 again for the second long. and here i sit. Gonna try for some more, but who knows? We shall see. :cool:

Thought for sure once we got to 1439.00 it would test 1440.00, never happened.

In my view it is extremly hard to trade ES with any STOP less than 3 handles.
 
Now this is more like it if you are looking for a short. More activity up near the high of the day. You need that to create a better signal. Probably getting too late in the day. No trades so far for me today. Yes, I skipped the long earlier as I am still letting the 240 play out.
 
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