ES Journal Archive (2006 - 2008)

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We are nearing the RSI OB line on 15 minute charts. It will be intersting to see if we bounce of of that line or go through it. We bounced off of it at 4 AM this morning and if we would bounce here again with a failure swing, I would be a seller.
 
...........day or intraday trading compared to positional trading is like comparing me to mark douglas in the trading arena........not even close.........the fact is they are not closely related........i can prove it but i won't.......one is easier to handle.......much less stressful....intraday requires tremendous concentration compared to other.......one trader feeds on news, other smart one does not.....
 
by the way my nice friend b1s2.......all traders are not greedy.....some don't even care for the money that much.......and no, those are not the losers....they are the real winners........when they pat you in the face with a spade........LOL......seriously, we all want to make money that is very true.....the greed factor is always there otherwise we wouldn't be normal..........just some are consumed by it and they usually won't make it trading....this stuff......
 
Quote from porgie:

by the way my nice friend b1s2.......all traders are not greedy.....some don't even care for the money that much.......and no, those are not the losers....they are the real winners........when they pat you in the face with a spade........LOL......seriously, we all want to make money that is very true.....the greed factor is always there otherwise we wouldn't be normal..........just some are consumed by it and they usually won't make it trading....this stuff......
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Yes you are correct. I used a blanket term like "all". It should have been "most" traders are greedy. Blanket terms always get you in trouble.
 
Quote from porgie:

[one trader feeds on news, other smart one does not..... [/B]
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I would disagree here, at least in my case. I don't use news either on positional or intraday and I think that that is the correct posture for either time frame.
 
Quote from Buy1Sell2:

We are nearing the RSI OB line on 15 minute charts. It will be intersting to see if we bounce of of that line or go through it. We bounced off of it at 4 AM this morning and if we would bounce here again with a failure swing, I would be a seller.
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We did not bounce off the OB line and there was no failure swing. Long bias continues for now.
 
Quote from porgie:

b1s2........i hate to say it but this forum is in a death spiral.......nothing personal, just sad observation.
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As long as we are still getting 25 or 30 views of charts, I think we're ok.
 
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