ES Journal Archive (2006 - 2008)

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Quote from BoyBrutus:

I personally think Spikes posts are littered with nuggets of wisdom that you would glance over without giving each piece the analisys and observation that it deserves.

The first question I ask is how the hell did he know to go short at 1261. If in my mind I belive it is possible then it will find a way. OK back to the drawing board.:)
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Could it be that simple - trendline - moving average?
 
Quote from 4re:

Romik,
I don't think you have to defend yourself or your trade at all. We all have losing trades and no system is perfect. Otherwise Bill Gates would be asking us for a loan. You are one of the few guys with the balls to put your trades out there for all to see and criticize and for that you are to be commended.

I just hope that 1251 level doesn't become as strong a resistance level as it was for support. Please be careful with that.

Your Friend,
4re
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Sausage for you as well :D

Sorry, can't afford a steak today
 
Quote from romik:

Sausage for you as well :D

Sorry, can't afford a steak today
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Well I get hamburger today. I made one trade for 1.25 points. Got scared as we got near the 1251 level and got out early. No time for a second trade though.
 
Quote from hpeganz:

Could it be that simple - trendline - moving average?
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If you used Bollinger Bands for reversal signals it would have had you go short right at 1261. I didn't do it but I did see it. If you look back at the chart I posted earlier today it shows it on there. You just wait for the candle to snap back inside the bands and if that candle closes there you go short. It did and guess so did he.

4re
 
Quote from romik:

I think Spike mentioned that he does not use MA
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I don't use MA.

If your are looking for what i used for this trade:For each signal there will be indicators that work. But you need indicators that work for ALL the signals.

That's the difficulty. All my trades are based on the same system.
A system that has many parts, so not just 1 or 2 indicators.
 
Quote from romik:

re-entered @ 1251 based on hourly BLD
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Good morning all!

B1, do you see why I made that entry based on hourly or do I assume there are possible disrepances in our feeds?
 
Absolutely I see it-- No divergences, but certainly there has been a bounce off the oversold line of RSI twice and the MACD and your CCI looks strong. It's not just divergences that are tradeable!!
 
Trend is looking weak. Im looking for one more push up then downside to come.

Ofcourse I will judge and decide on the strength of what I see.
 
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