ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
You obviously never made a consistent dollar trading in your life with a statement like that. If you are going to daytrade you should always look at an 81 minute or 15 minute chart at a MINIMUM before the start of the day. You always want to take a look at your weeklies and daily as well. You want accumulation of all edges to mazimize profits. You always want to know the trends and price action on all higher timeframes as they will influence PA intraday. Its called fractals..
simply not true for me my friend. i never pay attention news, volume, s/r, oscillators...you are not too far off on the shorter time frame charts....i never use anhythng under 15 min charts......but as far as daily, for what? if my system gives me the apex {turn} reversal signal and the real turn, and no reversal signal when it blows thru the support resistance which happens a bunch, not the countertrending hoping entry.....why do i need to know what caused it....the daily s/r.....pivot points etc...all of that is good for some, i like it extremely clear and simple totally mechanical.....and super repetitive.....very simple and clear......the apex is the zero or starting point of the new direction.......thanks
Thats the beauty of day-trading, trade what you see at the moment. While I used the first push to go short and scratched on it. I was right there on the 2nd push.
Your 90% beats my 83%, but it's a horn o plenty for the astute.
BTW, if you look at ES on 15m,. draw a downtrend line starting @1446 1/24/07
through today. Now look at the volume on the trendline breakout. Similar situation on YM too. Coupled with my own cycle work, the up move since my post is based on fumes. Too bad its the weekend. Monday brings a fresh look at it.
EDIT: my charts are based on RTH only.
Good day.
Ill be blunt and honest, pivot points and supposed sr and oscillators give hardly an ege at all, if any. My SR is never going to be the same as anyone on ET, It is unique and powerful. You have what works for you and thats fine. But I still stand behind that if you want to intraday swing trade and maximize your potential you MUST accumulate edges from all timeframes.
pre market stuff is real good mind bias stuff....gets mindset wrong for day more often than not....I knew that 6 yrs before i read mark douglas's book..DAYTRADING IS NOT POSITION TRADING B1 WILL TELL YOU THAT....the long term stuff is what he does.. squawkbox...Joe Kernan and Maria can get u off to a great day........lol......daytraders..never trade yesterday's stuff after u get system completed.........yes i have lost more than won....so far....work in progress? NO. WORK DONE....many years work.....take it or leave it.....yesterday's market is not today's market......when you get to the point that every bar tells you what it is going to do within 95% u r rolling...trust me it can be that good. When each one is saying same stuff over and over don't we have to think that most all lose ....proven fact.......so why don't we talk something different.....when i say something different they call the mods???
thanks apex........i don't disagree for the most part......but, all daytraders are not swing traders........needing more than one chart is not for me...i use one only..it is very longterm and it beats the 2 and 5 min entries many times and seldom lags them......with extreme clarity and accuracy..i can give you about a dozen systems that beat most that are for sale....but i don't sell or give as i am sure u feel the same......... ..have a great weekend....porgie PS...of course none of mine can match vol's.
- Status