ES Journal Archive (2006 - 2008)

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"Counselor, I absolutely did not go into relapse. I just got bored today and wanted to blow off some steam."

don't worry your secret is safe with me. :D

Quote from Buy1Sell2:

Not really--just bored today and wanted to blow some built up profits.:)
 
I personally think that The Actual Grail is a total bomb that contains all the needed bits of info squeezed into a cute little package. There is no way that a person that has sufficient capitalisation, can not succeed making trade decisions based (pretty much) solely on strategy described in the thread distributing capital between 5-10 various instruments.

EDIT: Personally I would throw in a presence of a divergence, tight BB range and a flattening 20MA. But that would be a perfect scenario and I suppose they do not come often.
 
Quote from romik:

I personally think that The Actual Grail is a total bomb that contains all the needed bits of info squeezed into a cute little package. There is no way that a person that has sufficient capitalisation, can not succeed making trade decisions based (pretty much) solely on strategy described in the thread distributing capital between 5-10 various instruments.

EDIT: Personally I would throw in a presence of a divergence, tight BB range and a flattening 20MA. But that would be a perfect scenario and I suppose they do not come often.

Once again Romik, thanks for the props. I offered that method with all sincerity free of charge and it's so simple. Hopefully there have been lurkers who have benefitted as well. Yes, I agree --the divergence is preferred to be coupled with it. Throw away all the books, formulas etc. This is nearly all that is needed. :)
 
BTW, what made you start posting on a public forum? I mean, it's obvious to me that you have years of experience behind you, did you recently retire and miss the presence of bank colleagues or what? Out of pure curiosity here.

I needed to gain more knowledge, observe mistakes made by others and myself. I believe I've found what I was looking for and will probably stick around until my Divergence J goes 1 full year and only then will consider changing my way of trading, switch intraday to swing trading own funds for 3 years and then open a capital management company.

I can't believe people that say there is no knowledge on public forums, knowledge is everywhere, it's how one absorbs it what matters most.
 
Quote from romik:

BTW, what made you start posting on a public forum? I mean, it's obvious to me that you have years of experience behind you, did you recently retire and miss the presence of bank colleagues or what? Out of pure curiosity here.

I needed to gain more knowledge, observe mistakes made by others and myself. I believe I've found what I was looking for and will probably stick around until my Divergence J goes 1 full year and only then will consider changing my way of trading, switch intraday to swing trading own funds for 3 years and then open a capital management company.

I can't believe people that say there is no knowledge on public forums, knowledge is everywhere, it's how one absorbs it what matters most.

2 reasons

1)I wanted to share my idea of simplicity to others in hopes that they may benefit.

2)Publicly discussing my methods and opening myself to criticism serves to reinforce that my methods are correct. The number of people who don't believe or see that trading is very simple reassures me that I will continue to be successful.
 
Quote from BoyBrutus:

beginners luck


Dont blow it all at once. :D

I'll try not to. I hope my demonstration here today of the futility of day trading(being too active and choking profitable trades) and the thought process that goes with it, was not lost on readers today.
 
why do you guys use the overnight ES chart for your indicators? overnight ES is following foreign markets, correct?

my charts are from 930 to 415 and i don't see the sharp W on the 15 min chart today using that time frame.
 
Quote from m4a1:

why do you guys use the overnight ES chart for your indicators? overnight ES is following foreign markets, correct?

my charts are from 930 to 415 and i don't see the sharp W on the 15 min chart today using that time frame.

I would enable pre/after charts if I were you, you need to see all data related to an almost 24 hour traded instrument, otherwise your indicators on longer TFs will screw up signals.
 
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