ES Journal Archive (2006 - 2008)

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Quote from m4a1:

can you explain why you have options related words on the chart? i thought you're trading futures. also, what are you labeling "grail"?

and what is "house of three"?
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I am using the chart/directional analysis to show areas of opportunity for selling short calls and then covering them for profit.
 
Quote from 4re:

B1,
I think that what you do long term is something few can match. It took me a while to get my method to where I could daytrade also. I just think that with the short TF of a daytrader the indicators might lag too much. I really don't know as I don't use any though. I have notice that if I find a 4 point trade out there it is usually all it can do to give me 2 points in it and then it starts reversing. I started my emini trading trying to jump on a trend and ride it for all I could but there are too many 2 point traders in here to safely go for more.

It is always better to go with the method you are familiar with and your long term plays just might be your fortee. I would imagine once you stick to just that your profit will really get big.

Best To You,
4re
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Thank you very much for the kind comments.:)
 
Quote from Buy1Sell2:

Thank you very much for the kind comments.:)
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I am only speaking the truth. You are really good at long term calls. When I do get to start doing some I'll definitly be using your method of entry with my S/R for exit.
 
This could be a 10.30 reversal but I'd want to see it break below 1295, sell volume is picking up. long stopped out. Shorting here 1298.75 with at stop at 1300.75 might be a go.
 
Quote from 4re:

B1,
I think that what you do long term is something few can match. It took me a while to get my method to where I could daytrade also. I just think that with the short TF of a daytrader the indicators might lag too much. I really don't know as I don't use any though. I have notice that if I find a 4 point trade out there it is usually all it can do to give me 2 points in it and then it starts reversing. I started my emini trading trying to jump on a trend and ride it for all I could but there are too many 2 point traders in here to safely go for more.

It is always better to go with the method you are familiar with and your long term plays just might be your fortee. I would imagine once you stick to just that your profit will really get big.

Best To You,
4re
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There are very few net profitable emini daytraders that I have come across using indicators that successfully. Reason being they lag and you need to do something opposite of the herd to be successful. So, if you do use indicators either you would have to utlilise a unique combination or use them in a way that is different than most. Not saying it can't be done, but it is rare.

There are plenty of +4 trades in the ES during times of normal volatility, very few during times of low volatility.

One should always look for a trading style and timeframe that suits their personality.
 
Quote from spike500:

Long 1297.25
Still long, stop at entry
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Yep :) There's a lot of retail short interest around this level and it seems to be building up for something as I type. I can't imagine they would take it all the way up here, before crushing every singal last retail short.
 
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