ES Journal Archive (2006 - 2008)
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b1s2
the attack forum u started got shut down by forum moderator.......i was shocked at your mean spirited attacks ....even though u kept saying " just having a little fun at your expense" ...very unbecoming of you b1s2..........especially you......i came back to help one person on his way.......and to let PORGIE MOCKER know i think he is so courageous.......notice when i said BUZZ he bailed....he hit the exit button.....or got stopped out .....if volente 00 is calling bad stuff, so what....that costs him money and should not affect others.....calling trades on forums is to be taken with a lot of skepticism, even when they are correct for a while...but the ego overrides all...i don't call trades because i don't want the attacks when i am wrong...and i don't care one bit about showing off what i can do......i am neither right or wrong,,,,,,,,system is 100% mechanical.....it shows it i see it....or a 4 year old child can see it also...............the miniscule {almost never hit}stops each trade is attack material on these forums......the calls would show extreme accuracy with system being exposed to the public........i just look stupid........as exit and entry is same signal with same picture........also i would not give or sell it so what's the point..........by the way, i have never seen a "system" with the rules given on forums yet nor do i expect to.......nor would i wish to... LEARNING THE MILLION BITS OF TRADING INFORMATION IS HARD........UNLEARNING THE MILLION BITS OF INFORMATION SO YOU CAN BECOME A SUCCESSFUL TRADER IS ALMOST IMPOSSIBLE
the attack forum u started got shut down by forum moderator.......i was shocked at your mean spirited attacks ....even though u kept saying " just having a little fun at your expense" ...very unbecoming of you b1s2..........especially you......i came back to help one person on his way.......and to let PORGIE MOCKER know i think he is so courageous.......notice when i said BUZZ he bailed....he hit the exit button.....or got stopped out .....if volente 00 is calling bad stuff, so what....that costs him money and should not affect others.....calling trades on forums is to be taken with a lot of skepticism, even when they are correct for a while...but the ego overrides all...i don't call trades because i don't want the attacks when i am wrong...and i don't care one bit about showing off what i can do......i am neither right or wrong,,,,,,,,system is 100% mechanical.....it shows it i see it....or a 4 year old child can see it also...............the miniscule {almost never hit}stops each trade is attack material on these forums......the calls would show extreme accuracy with system being exposed to the public........i just look stupid........as exit and entry is same signal with same picture........also i would not give or sell it so what's the point..........by the way, i have never seen a "system" with the rules given on forums yet nor do i expect to.......nor would i wish to... LEARNING THE MILLION BITS OF TRADING INFORMATION IS HARD........UNLEARNING THE MILLION BITS OF INFORMATION SO YOU CAN BECOME A SUCCESSFUL TRADER IS ALMOST IMPOSSIBLE
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Reply to monee concerning spike.
Sure has changed more last 6 months& last week.
More spikes[shadows on daily candlecharts] than ES March ;
contract.;
more selling past week than any other week on the whole June contract
Spikes are great when you are on right side of them, rough when one buys the high/top, sells low. Adding to complexity, nicely profitable move buying trending high on non spike candles/selling trending low on non spike daily candles.
May have found support on SPY 200 day moving average;
but its first time for the life of the June ES contract ,
previous monthly low was ripped out.
Ripped rite thru 50 day also
Weak buying also
;Volentee called it right again ''Sell in May''
Yes, that thread was misinterpreted. It was all just a joke with no attack intended. As I have mentioned to everyone , I like Volente. Buy anyway , time to move on and get back to business at hand and that's trading. I still have the positinal short trades on now and I have a but of updating to do on the journal results after the recent short term trades that I've made. Good to see you back Porgie-hope to hear more from you!
B1S2, did you like that divergence the other day? Powerful stuff that and at what force that reversal happened? What I find interesting with divergences is that they occur on various time frames, I assume that reversal trades based on divergences are auto traded by the majors, I can't imagine tech fund etc traders watching the charts all day long in various time frames, must be part of their automatic systems.
I did look at your divergence chart and yes it was a strong one indeed. I was trading the 60 minute chart and it lagged a bit for me, but truth be known , there was clear hourly bullish divergence in the overnight trade and I ignored it. I agree with your assessment of divergences and I might add, that one could trade just the Class A type , which your 5 minute was, and be highly successful. I don't know if they are autotraded or not, because there is generally plenty of time to get in early and you would think that autotrading would remove your opportunity. This is especially true on the longer time frames--You'll notice how long I had to get into the short ES trade on weekly charts. But even with the 5 minute chart, you have time to get in. I would tell you, that I have been using divergences on hourly currency charts for a long time and they are unbelievably high percentage. They work in any market and any time frame by the way-- They are the foot prints of the human element ( buying drying up. selling drying up etc, fear of losing profits etc) and should be traded each and every time --with a stop of course. Romik, if nothing else were to be gained from this journal by participants or lurkers, I think the divergence study that we have been doing would still be a valuable addition to one's arsenal and you have been extremely helpful in pointing these out! --B1S2
when a system/methodology is robust and fits many markets/time frames, etc....fearless trading and confidence in signal/s......that is great and better than most can achieve imho.......it sounds like you are looking at that b1s2.....i will from now on try to quit sounding like daddy or papa and be all positive and supportive.....i hope the forum can continue to move toward the positive.....we all need the right attitude to trade, regardless of the level we are trading on...small edge or bigger edge...all give you the advantage somewhere above average...........50% is midpoint.....no edge......coin flip..can make money but ....the bothersome thing for me with lower % is mental battle each day required to deal with not knowing which entry is going to knock u upside the head which is where the problem grows .......emotionally ....then the lead paws syndrome sets in.............i always refer to daytrading emini's only.......thanks for keeping the invitation open........george
That's great, BTW you know I have never considered trading Forex. I will keep on posting charts here. The only problem of course are potential profit targets and to tackle that scaling out is great (George, nice to have you back man) IMO based on S/R in predecessing WRBs and daily S/R levels. I had this trade the other day when I covered 1/4 position for 1 point, after a while it just wasn't shifting and I covered another 2/4 for 1 point and left 1/4 position there and eventually when it did break I covered at previous day low for another 6-7 points, not certain now. So scaling out is fantastic technique when trading multi lots.
Just wanted to mention to people new to day trading index futures that it would be wise to not only follow advice how to see tradable opportunities, but to be aware of how money is lost as well. It's only when one knows both, success is possible. Basically, it's not enough to see a divergence and enter into a trade.
But since we try to keep this an open forum for all and exchange info on free basis, here are some more experiences.
When trading is choppy and volume goes down after the morning "madness" one of the ways to pin point the direction of where ES is heading is to follow current trend line breakouts. A lot of the time ES will stay within a specific range during lunch hours, bouncing between bottom and upper trend lines, while doing so IF the price keeps slightly breaking one of the lines consistently (2-3 times) and falling back to the trend line range, that would indicate not a bad signal that ES will soon break the line, which it's been trying to break on previous occasions. I know that a lot of traders would suggest only shorting during days when index is declining and not entering any longs and a lot of the time that would be more safe, than going long against the trend. Though in chop the above is pretty tradable no matter whether it is a trend day or not.
Damn I have some fans. I already told you the 1334 call was wrong. Should I drag up all your post about 70 drops when we were at 1270 ? So what set you off ? That ass kicking you got Friday from your short position after I told you we would bounce off of the 200 day ?
volente 00,
Easy boy, the only fans you and i have are on our ceilings ..........don't help get this forum closed down.....it is getting weaker by the day anyway......let's keep forum going without the ego stuff........i am no one's fan on these forums....Only Mr. Marcus/DB/grob have shown me something to really think about.......so far....l think you and all others read here are like me, not as perfect as we think........so, let's get on with the show........emini daytrading here only for me..............
Easy boy, the only fans you and i have are on our ceilings ..........don't help get this forum closed down.....it is getting weaker by the day anyway......let's keep forum going without the ego stuff........i am no one's fan on these forums....Only Mr. Marcus/DB/grob have shown me something to really think about.......so far....l think you and all others read here are like me, not as perfect as we think........so, let's get on with the show........emini daytrading here only for me..............
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