ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Yes, I agree. I am beginning to think that a short term "day trader" may need only that chart and an ability to be very nimble due to fake outs.---and just trade the reversals.
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I would still require 2,3,5,10,15,30 and 60 though. One of the ways to limit fake moves is by seeing a wider channel and adjusting position accordingly. Higher BB on 1 min could be totally different on 3 min, etc.

Divergences rule! Good night all.
 
Quote from romik:

I would still require 2,3,5,10,15,30 and 60 though. One of the ways to limit fake moves is by seeing a wider channel and adjusting position accordingly. Higher BB on 1 min could be totally different on 3 min, etc.

Divergences rule! Good night all.
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I dont know how some of you guys watch so many time frames. I find paying attention to one time frame in 3-5 markets is more then enough. I guess to each his own.

-Nick
 
Quote from Buy1Sell2:

I have "discovered" --and comment on please--- that part of the reason that I have better success with the hourly charts in FX Futures is that there are more times of the day when the instrument is active. The ES seems to languish for the most part during most of the night whereas the Currency futures have more activity and thus have better sampling in the indicators.
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Has there been any discussion in this thread about tick charts and their ability (or inability) to address the "languish" issue?

Clearly, one would chose differing values depending upon the volume of a particular contract. And it seems one could also chose multiple "tick frames".

Sorry if this has been discussed before - just don't quite have the initiative to search all those pages. :)

JB
 
Quote from BoyBrutus:

So Romiks in the UK, explains the interest in premarket.

Funny coincidence Sosa, Romik and myself all born 1974!

Had a good day today. Many are jumping up and down there systems are not working, to me the patterns still hold you just have to account for a much larger range before you act.
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Triple 1974's. maybe thats some sort of karmic thing :D Keep up the good trading guys!! Brutus I agree, I've kept my system in place even with the increased range. I never short a gap down, Never. That is a rule I have no matter what. Patience with a combination of everyone waiting for their individual edge is the key.
 
Ok here we are at another hourly bullish divergence. We should get some kind of pop here. I have decided to wait until we have bullish divergence on daily charts and then I will add more.
 
Quote from Buy1Sell2:

Ok here we are at another hourly bullish divergence. We should get some kind of pop here. I have decided to wait until we have bullish divergence on daily charts and then I will add more.
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I'm ready to go long here on general principle alone. This is temporarily extremely oversold. But I guess we need to wait unitl that cpi # comes out tommorrow. I would think they at least would try to test the 200 day @ some point this month.
 
Quote from JohnBob:

Has there been any discussion in this thread about tick charts and their ability (or inability) to address the "languish" issue?

Clearly, one would chose differing values depending upon the volume of a particular contract. And it seems one could also chose multiple "tick frames".

Sorry if this has been discussed before - just don't quite have the initiative to search all those pages. :)

JB
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I don't think it has been discussed before. What are your thoughts on this?
 
Quote from romik:

BD on 15 min CCI now and almost there on 5 min histogram, not going to take that one today.

Sosa I got one word for you...WOOF!!! Thanks man.

B1, what's your view on the long side right now, I suppose you are awaiting the histogram to complete, but than again it might not do it this week though.
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Romik keep up the great scalping man! I still scalp a lot. but I've incorporated longer time frames to take the pressure off of the daily grind. This is going to be a good summer!!
 
Today could be pivotal in the near term direction of the market. --Yesterday's RSI on daily charts finished at 29.36--on perpetual chart. The previous two RSI troughs a few days ago were in the low 28's. What I am getting at is that if we have an upside close today, it could be key to a reversal. If we have another selloff, even minor, then 1200 looms.
 
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