ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Ooh! I feel an Invader Zim quote coming on.
"I'm in a bear suit"
<img src=http://img216.imageshack.us/img216/9715/8x10ziminbearsuit0yl.th.jpg>
Long at 1292.25, must be around the time you went long too.
Still holding my long; this move isn't over yet.
Still holding my long; this move isn't over yet.
Ishmael, I agree with Sosa, nice post. The only thing I can add (my observation) is that I noticed when you said in the past that 2 points is not enough for you, that you require more, can't remember exact wording. In my experience, 2 points intraday, is all that is required and/or available to most of us. Sometimes I can be in a position with specific PT set and even though I can be very certain that there are more points to be had on that trade, 90% of the time I would just take my 2 points and if there is another opportunity I will take that one again for another ~2 points. I do not have the knowledge to see bigger intraday moves in the making, if I catch a bigger wave, I'll get more than 2 points, but that is not by seeing a bigger move beforehand.
Your positional experiences have helped me a lot to look at TA from a different side - increase the TF and by doing so increase the odds.
Your positional experiences have helped me a lot to look at TA from a different side - increase the TF and by doing so increase the odds.
Keep it up B1S2, keep inspiring others and yourself, best of luck. I look forward to seeing your positionals. You triple divergence is what lead me to investigate a pattern that I have named 'house of three peaks' sometimes only 2 which leads to the afternoon breakdown. Very profitable 
1295 line in the sand
1295 line in the sand
Quote from BoyBrutus:
Keep it up B1S2, keep inspiring others and yourself, best of luck. I look forward to seeing your positionals. You triple divergence is what lead me to investigate a pattern that I have named 'house of three peaks' sometimes only 2 which leads to the afternoon breakdown. Very profitable
1295 line in the sand
Yes, the sharp RSI peaks/troughs when double almost never fail and the third is generally a strong continuation. If I could limit myself to just that one pattern with daytrading, I could be successful, but I am tempted by other ones that are not so strong. Note: as mentioned, I will still look at the 60 for entries in agreement with the daily and may be able to still implement that. Glad I was able to help your trading!
I had a very profitable trade in the ER2 at 10.27. Have a look and look at the return compared to the ES. This pays for the trend following tuition on the ES
Can you see a setup?
Adapting to what is the most profitable vehicle to trade is what is important. Thankfully the ER2 is still liquid enough to absorb my orders without moving the market.
Can you see a setup?
Adapting to what is the most profitable vehicle to trade is what is important. Thankfully the ER2 is still liquid enough to absorb my orders without moving the market.
In addition, I am ending my 3 year experiment with two accounts. It has served well, and has helped me stay in trades, but I think has decreased my overall returns. I am good enough at trading directiionally that I don't need that feature. I am continuing my out of the money call selling as an income producing hedge. Research on my portfolio over the last 5 yrs shows that this is more profitable than the two account futures hedge. Lots of changes today--an old dog can learn new tricks! All positions in second account have been closed at 1295.75 today.
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