ES Journal Archive (2006 - 2008)

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Quote from Keeper:

I would be not trade either side until the market has made its initial move out of this tight range.
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Indeed,

part of my system points up and part points down. In general that means that there is no direction in the market.
And as there is no direction most traders stand aside and wait. The result is that getting out of this range trading becomes more and more difficult.
 
I don't understand why people post in some coded language, My2cnts, you are obviously trying to make some sort of point, so might as well post a link to the dictionary. What the hell is lumpy?
 
i belive we have at least another 10 points to go on this correction, and that would still be healthy for an uptrend. but b1s2's trade should work as it is at the bottom of its channel right now, so we should see a bounce into the 1376-79 area. However i would keep i tight stop on it just underneath the channel.
 
Here's what I would like---a friendly positive environment where we discuss actual ideas back and forth without any personal issues. As well, it would be best and desired to have the posts in formats that are easy to read. By that I mean that we would understand the meaning of the words. These things I would like very much. If not, I would prefer that those postings go into threads somewhere else As always, we welcome posts that are insightful and fruitful discussion and that are about ES. Thanks again all. :)
 
Quote from Keeper:

I would be not trade either side until the market has made its initial move out of this tight range.
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yep- finding it VERY difficult to resist playing the short side, cause all indications (in my t/a world) say down st. but.... the oft accurate 'don't short a dull market' proverb, along with the narrow range, stops me from anything but token positions. gotta wait for it to break the range.
 
Quote from m4a1:

did you edit this question? the question i replied to was "what time frame was this based on?" answer: can't remember

the answer to the question below is yes. i am only using grails in the papertrades.
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No I did not, the reason I asked because when you first posted it I asked why you were buying resistance and it just turned out to be the exact top before a 20 point fall.
 
Today's results (Daily range 8.75 pts):

Long 1368.75 (10.00am) +2.25
Short 1371.00 (11.50am) +0.50
Long 1370.50 (1.15pm) +0.50
Short 1371.00 (2.15pm) 0.00
Long 1371.00 (3.25pm) +0.50
Short 1371.50 (3.59pm) +0.50

Total: +4.25

All entries are solely based on grails in RSI on 5 min TF and a simple line chart.
 

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As a follower/consumer (lurker) of the <b>ES Journal</b> I would like to second B1S2's remarks regarding content. Although I trade ER2 and watch ES, I've followed this thread from the beginning and share the desire to keep it on topic w/o all the personal issue comments.

BTW, wtg on the 1 point B1S2.
 
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