ES Journal Archive (2006 - 2008)

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looking at a possible new feature of the system with regard to the 12 minute chart that would have gotten me long at 1300. Will discuss shortly when I get to a stoplight.
 
Quote from Buy1Sell2:

looking at a possible new feature of the system with regard to the 12 minute chart that would have gotten me long at 1300. Will discuss shortly when I get to a stoplight.
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Ok here is the refinement--I will start looking at double bottoms and double tops in price as well as the double bottoms and double tops in RSI. --using line chart--We'll see how that works going forward. I don't like backtesting. I prefer present testing.
Will not be adding too many rules--want to keep it simple
 
Romik, can i call you an Contratrader, catching tops/bottoms?



I expect some slow reversal/congestion but more probably than not a continuation of the upmove later..~13.30 or so

B1S2, you are faced with a very strong trend, not very often, divergences are not working out in strong trends, if TRIN is extremly bullish or bearish i would not try to use divergences but follow the trend of day, i would try to include some more information/filters, a pricechart alone gives not enough information sometimes.
TRIN is not too useful mostly, but by reaching extremes, i don`t want to fight it.
 
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