ES Journal Archive (2006 - 2008)

romik · Nov 3, 2006

Quote from Buy1Sell2:

Hey--that's my system(tm) !!!

Just kidding.

I hope I haven't infringed any copyright laws B

Of course it's your system, I believe that with the help of many many posters on this thread we have finally managed to tweak it for intraday high leveraged trading.

Buy1Sell2 · Nov 3, 2006

Quote from romik:

I hope I haven't infringed any copyright laws B Of course it's your system, I believe that with the help of many many posters on this thread we have finally managed to tweak it for intraday high leveraged trading.

Yes, it has helped having everyone discussing it and adding things to it and making it evolve! Perhaps it's not the best system, but I contend that the positive expectancy is there.

frogman · Nov 3, 2006

I certainly agree. Most interesting thread yet. The failures at noon were not enough to hurt the day, right?

Buy1Sell2 · Nov 3, 2006

Oh no! The trade is back to square 1 and it looked so promising. What do I do now? (Hands wringing--pacing the floor--looking in mirror and saying, "You idiot!") Lord help me!

brightstone · Nov 3, 2006

would 1371.25 be a reaction high?

romik · Nov 3, 2006

Quote from Buy1Sell2:

Oh no! The trade is back to square 1 and it looked so promising. What do I do now? (Hands wringing--pacing the floor--looking in mirror and saying, "You ididot!") Lord help me!

Why not simply make 1 trade in the am based on first signal and stay put until a current high/low is broken? That way you might not need to make that afternoon trade, which can go either way.

Buy1Sell2 · Nov 3, 2006

Quote from brightstone:

would 1371.25 be a reaction high?

Depends on the next 2 or 3 15 bars. I view reaction as having a reaction that lasts for a bit. The market can probably be bought above that 1371.25 though I would say.

Edit:1371.75

Keeper · Nov 3, 2006

Market looks like it wants to go up.

Too risky, sitting on my hands.

riaamaan · Nov 3, 2006

Quote from Buy1Sell2:

Oh no! The trade is back to square 1 and it looked so promising. What do I do now? (Hands wringing--pacing the floor--looking in mirror and saying, "You ididot!") Lord help me!

You jest, and I smile, but believe it or not, it helps me to overcome my biggest psychological issue....fear of losing a profit. Believing you to be a stellar trader and knowing your attitudes help me to understand the approach one must take.

Thank you b1.

romik · Nov 3, 2006

Quote from brightstone:

would 1371.25 be a reaction high?

1371.75

Right now you might get either a continuation of morning downside or a reversal, if 1371.75 is broken, that being a daily pivot point.