ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Trend is long, buy bottoms and go long.
This should be an UP day.
This should be an UP day.
Hi Spike,
First let me say, thanks for posting at ET. I have read many of your posts and the general principles, and knowledge you share, are an inspiration to any ES trader, I think.
It's a long hard road. I started daytrading the ES in 2003 and it is only now I believe I have something worthwhile. Many years of losses, false turns and more systems than I possibly care to remember. And each time I thought I really had something until I had completed my forward testing process (of course, I didn't start out with many processes at all..
...Over time I have learnt to embrace uncertainty, be flexible and keep it as simple as possible.
It is very difficult to develop a method that can deal with all market conditions giving a few high quality signals per day every day. And even when you have that, trying to find within that the best method to close positions in times of high and low volatility.
Cheers.
Im long at 1297 with a stop on the entry because my system tends to confusion. As soon as i don't know anymore what to do i close my position and wait till things become clearer again.
Standing on the sideline is part of trading and has proven in the past that i mainly missed losses and not gains.
Standing on the sideline is part of trading and has proven in the past that i mainly missed losses and not gains.
Quote from BoyBrutus:
I had taken profits and was looking to short again. I wil reconsider
I was short the ER2 look at the range differential to the ES in the mornings.
Quote from LondonUSTrader:
Hi Spike,
First let me say, thanks for posting at ET. I have read many of your posts and the general principles, and knowledge you share, are an inspiration to any ES trader, I think.
It's a long hard road. I started daytrading the ES in 2003 and it is only now I believe I have something worthwhile. Many years of losses, false turns and more systems than I possibly care to remember. And each time I thought I really had something until I had completed my forward testing process (of course, I didn't start out with many processes at all..
Over time I have learnt to embrace uncertainty, be flexible and keep it as simple as possible.
It is very difficult to develop a method that can deal with all market conditions giving a few high quality signals per day every day. And even when you have that, trying to find within that the best method to close positions in times of high and low volatility.
Cheers.
Spike once said give me the hi, low, open and close and I will tell you what to expect tomorrow with very hi accuracy (if my recollection is correct). I have not been able to do the analysis required yet but some things I see do point to such patterns.
This would be a starting point.
From my memory, Spike has a good record at his market calls.
However, knowing what the market is going to do is not necessary to make money consistently in the ES. In fact, for most of us having any market bias at all, is probably a negative.
In my view, it is far better to approach each day with a blank mind and try and listen to what the market is telling us about market direction from the current price action.
I imagine very few can replicate what Spike does, so we need to find our own way.
My signals are short here at 1300. My system tells me it goes lower.
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