ES Journal Archive (2006 - 2008)

[romik]

Quote from romik:

Just wanted to mention this here B1, I've started testing grail based entry/exit on all 4 futures, basically if there is a long set-up on all or 3 out of 4 charts, then 4 long trades are open, I'll post some stats at the end of this short week. Back testing shows that a lot of the times signals present in ES coincide with NQ, YM and sometimes ER2, kinda cuts out guess work on which index is going to lead today and obviously one set-up present in all indexes is a lot more reliable (in theory).

 

[volente_00]

10:30 reversal grail warning

 

[romik]

Quote from volente_00:

10:30 reversal grail warning

for a couple points perhaps, I know you have your own method and when you mention "grail" you are probably referring to your own signal, but from B1's advice (Spike500 and others) one can not ignore the higher time frame and so far all 4 indexes are still bullish on the hourly chart, when reversal becomes apparent, then that would be a more appropriate time to reverse off a lower time frame be it 3, 5, 10 or 15.

Some observing the 15 chart would have seen a short grail earlier on, it failed due to above reasoning, hourly still pointed to a long or rather hourly was not showing signs of a reversal, so a short would have been 'over weighed' by a long in probability.

As far as timing is concerned I still prefer early @ time of reversal rather than later @ trend/range formation as if adjusting stops according to reaction points, than it's obvious that 1) stop becomes too wide at times and 2) higher probability of noise taking out a stop

 

[Buy1Sell2]

Haven't had time to look at your charts Romik. I would say that right now, until an obvious reversal or trend change happens, it is better to take the long signals and perhaps just take profits on the short signals.

 

[Buy1Sell2]

Quote from romik:

ES Z6

I believe that when the daily and weekly trend is up like this, it's probably best to either exit longs on short intraday signals or lower profit expectations if shorting. Yes I know we have made 4 attempts at 1408 and have not succeeded yet.

 

[Buy1Sell2]

Quote from romik:

ER2 (AB Z6)

I never look at ER2

 

[Buy1Sell2]

Quote from romik:

YM Z6

Same here-- I do not pay any attention to the Dow.

 

[Buy1Sell2]

Quote from romik:

NQ Z6

This would be the same as ES. I would take profits or lower expectations on shorts until the daily and weekly charts roll over. Then at that time, you would push the shorts hard.

 

[romik]

thank you

 

[Buy1Sell2]

Quote from romik:

Just wanted to mention this here B1, I've started testing grail based entry/exit on all 4 futures, basically if there is a long set-up on all or 3 out of 4 charts, then 4 long trades are open, I'll post some stats at the end of this short week. Back testing shows that a lot of the times signals present in ES coincide with NQ, YM and sometimes ER2, kinda cuts out guess work on which index is going to lead today and obviously one set-up present in all indexes is a lot more reliable (in theory).

It could be that the correlation would be helpful. I believe it is too much info though and would rather bypass he time consuming aspect of looking at all the markets. It is my belief that a trader would be influenced in a negative way from time to time creating an incorrect bias. ie Hey Er2 and YM are up, I think I'll buy NQ just because. etc etc. Let me know how it goes though.