ES Journal Archive (2006 - 2008)

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Quote from BoyBrutus:

If I had his system and experience I'd bet the farm, wouldn't you? :D

I think he did bet the farm once and lost all of it, I reckon he is well into capital preservation nowadays.
 
System says long, so i stay long.
If the current scenario fully deploys we will stay long for the next 2 hours approx. If the scenario does not deploy another scenario will tell what to do. It's like fishing; wait and see.

Romik,

overbought and oversold are irrelevant indications. If a trend is strong we stay for a very long time in a overbought or oversold situation.


Quote from Buy1Sell2:

Cleaning up today eh Spike? Do you have any size on?
 
Years ago i betted half the farm.
Nowadays i'm smarter and the system has improved exponentially i don't need to bet even half of the farm to make a good living.
In the beginning i traded big size with little knowledge; now i trade smaller size with some knowledge.


Quote from romik:

I think he did bet the farm once and lost all of it, I reckon he is well into capital preservation nowadays.
 
not sure if you want to explain it right now, but if your view is bearish, why do you think it's better to sell calls instead of just shorting more ES outright?

going back to the troughs in RSI, do you see a higher trough at 12:40 today on 5 min ES?

Quote from Buy1Sell2:

I only buy calls in a strategy that is my namesake-- a net credit raito call spread. I do not sell puts, because they have to be held in my plan over the weekend and I don't want to liquidate options each Fri due to slippage concerns. RSI is the standard 14. I never change the standard settings on any indicator--there is no need to with position trading.
 
Quote from spike500:

System says long, so i stay long.
If the current scenario fully deploys we will stay long for the next 2 hours approx. If the scenario does not deploy another scenario will tell what to do. It's like fishing; wait and see.

Romik,

overbought and oversold are irrelevant indications. If a trend is strong we stay for a very long time in a overbought or oversold situation.

Such kind words of wisdom.
 
Quote from BoyBrutus:

I am short ER2 715.70 just for fun :D
Es equ 1304.25 Es stop 1305.25

Lord have mercy.


Cover 714.40 A little early, maybe. Things are looking weak could this be the selloff?. But i wont predict anymore.

Er2 is $10 per 0.1


Play the pullback then decide pullback or reversal.
 
Quote from spike500:

System says long, so i stay long.
If the current scenario fully deploys we will stay long for the next 2 hours approx. If the scenario does not deploy another scenario will tell what to do. It's like fishing; wait and see.

Romik,

overbought and oversold are irrelevant indications. If a trend is strong we stay for a very long time in a overbought or oversold situation.

From pure observations and comparisons, I agree on O/S, but not on O/B. O/B on daily does not stay long without a pullback. Also I do not refer to weekly TF, just to daily.
 
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