ES Journal Archive (2006 - 2008)
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Quote from osorico:
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.
... and that's what makes a market, good trend and counter-trading on both sides of the table today.
But for my money, as of right now, I'm going to be looking for the Long opportunites come Monday.
Good trading,
JJ
jj,
that is what is called biasing your mind to the upside. am not bashing...best to wait to see what monday brings....could be down all day.....could be up all day..could chop all day....could be up down and chop/whipsaw.....best to wait to see it first....then go where the price is going...excuse the comments if offensive....porgie
that is what is called biasing your mind to the upside. am not bashing...best to wait to see what monday brings....could be down all day.....could be up all day..could chop all day....could be up down and chop/whipsaw.....best to wait to see it first....then go where the price is going...excuse the comments if offensive....porgie
Hey JJ...
Agree. That's what makes markets. And FWIW, I think porgie is right on this one too... it's only Friday, a lot or nothing (or alot of nothing) can happen over the weekend. And a lot or nothing (or a lot of nothing) can happen on any trading day. Best to play what you see when you see it, not before.
Have a good one
Osorico
Agree. That's what makes markets. And FWIW, I think porgie is right on this one too... it's only Friday, a lot or nothing (or alot of nothing) can happen over the weekend. And a lot or nothing (or a lot of nothing) can happen on any trading day. Best to play what you see when you see it, not before.
Have a good one
Osorico
Oh, I'm not using that chart to determine any of my trades, I'm using it to make a case for the upside in our dialogue on trading here in this forum.
The market(s) had a very good sell-off yesterday, with continued selling at the Open today, which was then meet with the smart money buyers taking their long postions and working the market back up to close near the Open.
***
As Apex82 (been making some pretty good calls, eh?
) mentions, I use multi-time/price analysis (fractals) to make my trades, and they are bullish also.
But my system is not nearly as good as you guys', I can only manage 66% - 75% winners, with a R:R of about 1 to 3 or 1 to 4 ... after that, it's all in the money management.
Regards,
JJ
The market(s) had a very good sell-off yesterday, with continued selling at the Open today, which was then meet with the smart money buyers taking their long postions and working the market back up to close near the Open.
***
As Apex82 (been making some pretty good calls, eh?
) mentions, I use multi-time/price analysis (fractals) to make my trades, and they are bullish also.But my system is not nearly as good as you guys', I can only manage 66% - 75% winners, with a R:R of about 1 to 3 or 1 to 4 ... after that, it's all in the money management.
Regards,
JJ
jj
Why make a case at all? Why is it you guys always say the "smart money" guys buy and brought it up? Why are they so smart? Only dumb guys sell? Not trying to pull your chain just showing how many are biased to the upside. I believe that is ingrained in many past stock traders.
Welcome to the world of "selling short" as equal to buying. Thks
Lets get some more gravy monday, short side, buy side, both sides. Who cares? ..
Why make a case at all? Why is it you guys always say the "smart money" guys buy and brought it up? Why are they so smart? Only dumb guys sell? Not trying to pull your chain just showing how many are biased to the upside. I believe that is ingrained in many past stock traders.
Welcome to the world of "selling short" as equal to buying. Thks
Lets get some more gravy monday, short side, buy side, both sides. Who cares? ..
and FWIW apex admitted in chat that he has ideas to sell his wave ideas to others. Apex has a wonderful way of posting trades after the fact.
Apex has a saying: "your numbers are wrong, only mine are right".
now i care less what apex has plans about, just wanted to point out that his trades in chat were timed by some and most if not all were from historical records.
So take it FWIW. My own advise is never depend on others for support/resist or whatever, you would become dependent upon them and where would you be unless your trading was from your own head? but indeed it is fine to get ideas etc from others to implement into your own tactics.
Apex has a saying: "your numbers are wrong, only mine are right".
now i care less what apex has plans about, just wanted to point out that his trades in chat were timed by some and most if not all were from historical records.
So take it FWIW. My own advise is never depend on others for support/resist or whatever, you would become dependent upon them and where would you be unless your trading was from your own head? but indeed it is fine to get ideas etc from others to implement into your own tactics.
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