Was that soon enough for ya ?
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Was that soon enough for ya ?
Quote from BoyBrutus:
Thanks, a nice finish. Those shorts got to cover, rule of 20 as well!
Have a good weekend everyone.
Edit: rule of 20 JK OK
On the break of the H and S, the previous low was 1447 so the rule of 10 would be 1437.
http://quotes.ino.com/chart/?s=CME_ES.H07.E&v=w
What was your answer porge ?
He's saying it doesn't matter.
And when the button is being pushed, it really doesn't. However, all of the analysis can serve as a way to condition the mind in preparation for taking the trade.
But as we all saw yesterday, you have to have your buns in the seat and be ready to push the button when it's time.
***
BTW Apex, just as a heads-up, I've had the ER2 on my screens or a while now, and I've noticed that quite often it will make its move during lunchtime, whereas the Spooz and Dow tend to make their move during the more traditional periods of before and/or after.
Good trading,
Jimmy Jam
Friday should have been a warning when FIG came on the market, a pricing less then twice should have alerted traders that risk increased substantial in the market place.
A frothing market, the issue would have quickly escalated to 3 figure levels. The fact it stayed and fell at close to issue price should have been a warning.
It all started when bond market yields started backing up, resignation of FOMC member. Dollar strength, and Fed officials commenting rates need to be higher. Risks increased on the bulls side.
A frothing market, the issue would have quickly escalated to 3 figure levels. The fact it stayed and fell at close to issue price should have been a warning.
It all started when bond market yields started backing up, resignation of FOMC member. Dollar strength, and Fed officials commenting rates need to be higher. Risks increased on the bulls side.
There you have it. Trading processes which are:
1. Virtually totally automated and probably based on patterns which have existed since markets started trading centuries ago.
Porgie, myself
2. Almost purely technically based, also using knowledge which has existed since those fabled rice traders of yore.
Vol_00, Orisco, maybe Apex
3. Based on complex and sophisticated inter-market relationships which knowledgable traders use to their advantage.
Spectre2007, Lance, some of which I use also
Of course, we can fall into any of the above categories at any point in time, I'm just expressing the breakdowns based on what we've discussed here on this free, anonymous trading board.
Of course, with all that said and done, I bet B1S2 is still maxing-out when it comes to R:R, %Return and Y-o-Y performance.
Is it too early for a weekend beer?
JJ
1. Virtually totally automated and probably based on patterns which have existed since markets started trading centuries ago.
Porgie, myself
2. Almost purely technically based, also using knowledge which has existed since those fabled rice traders of yore.
Vol_00, Orisco, maybe Apex
3. Based on complex and sophisticated inter-market relationships which knowledgable traders use to their advantage.
Spectre2007, Lance, some of which I use also
Of course, we can fall into any of the above categories at any point in time, I'm just expressing the breakdowns based on what we've discussed here on this free, anonymous trading board.
Of course, with all that said and done, I bet B1S2 is still maxing-out when it comes to R:R, %Return and Y-o-Y performance.
Is it too early for a weekend beer?
JJ
I do a lot of analysis but it turns to purely technical trading. As simple as this.
Stay long above OR, short below OR. With buy stops at highs, and sell stops at lows of previous session. Then watch for followthrough. Once stops get hit.
But if a strong trend is in place, then purely take directional signals with the trend.
The analysis comes in on when to deviate from this pattern of technical trading.
Stay long above OR, short below OR. With buy stops at highs, and sell stops at lows of previous session. Then watch for followthrough. Once stops get hit.
But if a strong trend is in place, then purely take directional signals with the trend.
The analysis comes in on when to deviate from this pattern of technical trading.
Quote from princessa:
ok, dude, now i understand the name.
oh so rico....
Actually it means Rich Bear in spanish...
A nick I aquired on the desk because one of favorite tactics was using upto 50% of my trading cap for shorting up.
Back then the OTC was really fun! Now every idiot CEO complains about naked shorts. Good trades to you
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