ES Journal Archive (2006 - 2008)
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Quote from BoyBrutus:
Wareco what is $ISSU I searched and found Islamic Society of Stanford University!
How helpful do you find the market delta total figure? Thanks
$ISSU is the Esignal symbol for the NYSE advancing issues/declining issues. Thus, an $ISSU reading of 2 for example, means that there are 2 NYSE issues advancing for every 1 that is declining. A bullish scenario.
As far as MarketDelta, call it a sentiment indicator, or an informal poll of the market participants. The more skewed it is one way or the other, the more broad-based the overall sentiment of the market participants.
good stuff porgie
"no one knows where the market is going.....the daytrader/intraday trader should never care........when h e gets to the "don't care" stage he is ready to make money.....the only concern he should have is to be alert when the signal/s show up.....there are so many dependable systems out there it is ridiculous........the rare traders who always make money are ridiculously few and far between......not saying i am or am not.......i don't count except to a limited # of people........trader or otherwise........as mark douglas says "carefree trading".....is the answer .........not careless/reckless trading.........carefree only can come once emotional stress is close to zero.......that is almost impossible for most......that takes more than most of us will ever have......these are things u will learn to be true if u stay with it long enough.......emini speaking only......and spike is more correct than most believe about bringing others to his trading...programmers /etc.....even most family will try to sneak off with the goodies, most of the time.....human beings not too different basiclally........most of us would and rationalize somehow that is not wrong........money first, ethics last.........same with calling trades........some on forums bash when one won't post trades live......the ones bashing are the ones that dont have the goodies...... the one with the goodies ain't going to show the world HIS EDGE....."
"spike........i really like your stuff....i believe you are on top of your game and in control of your business...... ...but the only certainty u or anyone else has is death.......not money.........the long term might be the next 10 seconds......or shorter........but i see your point if we live a while longer........notice the if..........if excludes certainty.....if is the biggest word in the world..........i hope you live forever and make many millions.......keep up the good trading and discipline....."
"no one knows where the market is going.....the daytrader/intraday trader should never care........when h e gets to the "don't care" stage he is ready to make money.....the only concern he should have is to be alert when the signal/s show up.....there are so many dependable systems out there it is ridiculous........the rare traders who always make money are ridiculously few and far between......not saying i am or am not.......i don't count except to a limited # of people........trader or otherwise........as mark douglas says "carefree trading".....is the answer .........not careless/reckless trading.........carefree only can come once emotional stress is close to zero.......that is almost impossible for most......that takes more than most of us will ever have......these are things u will learn to be true if u stay with it long enough.......emini speaking only......and spike is more correct than most believe about bringing others to his trading...programmers /etc.....even most family will try to sneak off with the goodies, most of the time.....human beings not too different basiclally........most of us would and rationalize somehow that is not wrong........money first, ethics last.........same with calling trades........some on forums bash when one won't post trades live......the ones bashing are the ones that dont have the goodies...... the one with the goodies ain't going to show the world HIS EDGE....."
"spike........i really like your stuff....i believe you are on top of your game and in control of your business...... ...but the only certainty u or anyone else has is death.......not money.........the long term might be the next 10 seconds......or shorter........but i see your point if we live a while longer........notice the if..........if excludes certainty.....if is the biggest word in the world..........i hope you live forever and make many millions.......keep up the good trading and discipline....."
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