ES Journal Archive (2006 - 2008)

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Quote from MONACO11:

Forgive me for asking,

What do you define as "mean"...

"I like it much better-- It allows for more relaxation and other life quality. It does generally require a larger stop in my view or no stop if played conservatively enough. One thing about ES--It almost always returns to the mean."

Thanks

Monaco
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--That it very rarely takes off in one direction without returning and giving traders a chance to get back in, cover , etc.
 
With the exception of last night, yes.

I have demonstrated this on several occasions.

Look at the 15min charts. At 3am EST it spikes,
and then sells off...

I still have stops in place, and sells too...I have
netted nicely from this theory.

It takes getting up at 2:45 however...which I am not
with issue, I dont sleep well anyhow...

Monaco
 
Let me qualify this:

On large selloffs like today, I buy the ES at the close, as
near to the low asi I can.

If it goes lower I know they do not have clearance to
take it much lower, so I add a few more.

Then I wait...

Typically, as I have found...at 3am EST when the
Euro markets open, they buy it up and sell it off..


Perhaps B1S2, can you provide a intrady chart overnight
showing this pheonom?

Thanks

Monaco
 
Whom you are driving should not be an issue.

If you are driving a car, this is different...LOL

At any rate, either is understood.

Look forward to your reply.

Monaco
 
Quote from Buy1Sell2:

I like it much better-- It allows for more relaxation and other life quality. It does generally require a larger stop in my view or no stop if played conservatively enough. One thing about ES--It almost always returns to the mean.
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Yes its so much more relaxing you are quite correct. Also the commissions are much less which is also a plus. I use no stops because I also believe in the mean reversion action of the ES.
 
Quote from MONACO11:

Let me qualify this:

On large selloffs like today, I buy the ES at the close, as
near to the low asi I can.

If it goes lower I know they do not have clearance to
take it much lower, so I add a few more.

Then I wait...

Typically, as I have found...at 3am EST when the
Euro markets open, they buy it up and sell it off..


Perhaps B1S2, can you provide a intrady chart overnight
showing this pheonom?

Thanks

Monaco
More...

Here is one example of what you are mentioning.
 

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