ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Now here is the current 60 minute ES chart. This is actually a triple bullish divergence with the third higher MACD trough actually above the zero line thus making it a little less visible. This suggests a short term bounce. Doesn't mean of course that it is 100 percent. That's why stops are used in short term trading.

I am long from 1292.00 with my current stop at 1284.00. I will be moving my stop upwards as we go---trailing as it were.
 
Quote from Buy1Sell2:

I am long from 1292.00 with my current stop at 1284.00. I will be moving my stop upwards as we go---trailing as it were.

60 min chart is definitely looking bullish, it would be great to have a run at 1300.00 today.
 
Hi Buy1Sell2.

I have been enjoying your ES Journal. Very interesting and productive thread to follow and I am glad you have taken the time to create and maintain it. Having said that, may I offer an opinion/suggestion? It is my opinion that when someone post under a user name such as PorgieMocker and is therefore being antagonistic just by the name, it is very counter productive to what you have and are accomplishing here. May I suggest that in keeping with your high standard ES Journal you would not allow post from people that would bring a disruption merely by the user name they have chosen.

Thank you. 8t
 
Quote from Buy1Sell2:

Not certain-- I have never looked at DAX. Can you post a chart? Thanks--I guess this isn't too off topic since it's still an index.

Sure. Here's a daily chart of the DAX future.

AM
 

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Quote from 88trader:

Hi Buy1Sell2.

I have been enjoying your ES Journal. Very interesting and productive thread to follow and I am glad you have taken the time to create and maintain it. Having said that, may I offer an opinion/suggestion? It is my opinion that when someone post under a user name such as PorgieMocker and is therefore being antagonistic just by the name, it is very counter productive to what you have and are accomplishing here. May I suggest that in keeping with your high standard ES Journal you would not allow post from people that would bring a disruption merely by the user name they have chosen.

Thank you. 8t

I would agree that some of this including using antagonistic names etc. is not what we want here. The issue is that I have no ability to stop certain posts etc., so what I do is ask and appeal to everyone's good nature to keep it clean. I appreciate your thoughts however and I am with you on that.
 
Quote from romik:

60 min chart is definitely looking bullish, it would be great to have a run at 1300.00 today.

As you can see Romik, I am using the much longer time frame now quite a bit. I think it wil allow me longer running trades and profits. It lags, but I think it has less fake outs and keeps me less busy. It's not of course what I do positionally, but it is closer to it now than it was before. The main difference is that trades in this journal will be perhaps several days or less, but will use stops etc. --The positional trades are here for the long haul. There may be some times when I will feel the need for the old 3 and 12, but I will limit that.
 
Quote from Buy1Sell2:

I am long from 1292.00 with my current stop at 1284.00. I will be moving my stop upwards as we go---trailing as it were.


B1S2 can I query why you were not long from the open. ie 1290. You had a bullish bias from the MACD. On the hourly chart the 4am candle hammer was a trend change indication. Spike 500 said that he's trend following system was just as effective outside market hours meaning the trend would have defined itself before hand as it did(I bet he was long from the open :) ). The pre market action can also give a clue to the direction as it did today and also a large gap down. No disrespect, just asking for some thought/discussion.

By the way I was not long from the open:D
 
Quote from BoyBrutus:

B1S2 can I query why you were not long from the open. ie 1290. You had a bullish bias from the MACD. On the hourly chart the 4am candle hammer was a trend change indication. Spike 500 said that he's trend following system was just as effective outside market hours meaning the trend would have defined itself before hand as it did(I bet he was long from the open :) ). The pre market action can also give a clue to the direction as it did today and also a large gap down. No disrespect, just asking for some thought/discussion.

By the way I was not long from the open:D

No problem asking-- The simple answer was that I was asleep when the intial regular bullish divergence came in and I only got long when the triple divergence hit. By the way, I just exited at 1293.25 for 1.25 pts. I don't like the way that this hourly bar looks to me right now with the close near the bottom
 
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