ES Journal Archive (2006 - 2008)

[romik]

Quote from Buy1Sell2:

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.

I think you misunderstood me, I need at least 3 to be in agreement.

 

[Buy1Sell2]

Quote from romik:

I think you misunderstood me, I need at least 3 to be in agreement.

Ok. I still think it's too much info though when using the Histogram, RSI etc on one market is effective. Let's see how it goes. Good fortune to you!

 

[romik]

B1, when people talk about which index is leading which do you reckon that the only time ER2/YM might lead is when they have a valid pattern present on the hourly chart as their hourly closes 15 minutes prior to ES/NQ?

 

[romik]

Quote from romik:

I think you misunderstood me, I need at least 3 to be in agreement.

 

[Buy1Sell2]

Quote from romik:

B1, when people talk about which index is leading which do you reckon that the only time ER2/YM might lead is when they have a valid pattern present on the hourly chart as their hourly closes 15 minutes prior to ES/NQ?

I don't believe I can answer that. I didn't even know that their times were different. Sorry.

 

[Buy1Sell2]

What I have been doing recently is using short signals to take profits and pushing the long signals hard. I will continue to play it that way until the market shows extended downside convincingly. The only short that I have taken recently was the 1403.50 short last week that was good for 2.5 pts. In addition I am still long from a positional point of view, so the idea here is to be long and push the intraday/swing trades to the upside only. It has been very profitable, so I'll keep it up until it becomes obvious that it's not a good idea anymore. As an aside, from a positional standpoint, I have captured nearly this entire move up from the 3rd week of June, except for 1280 to 1300 roughly. (Contracts have been rolled of course).

 

[Buy1Sell2]

I am looking long only today. Buy stop at 1407.50 for now to enter.

 

[brightstone]

Hello Romik,
I have been using 5 minute grails on a line chart as you previosly advised. Still having difficulty getting the entry as it is forming. Any advice?
thanks,
Alan

 

[Buy1Sell2]

Quote from Buy1Sell2:

I am looking long only today. Buy stop at 1407.50 for now to enter.

Still lookng for long entry here. Buy stop lowered to 1406.50 for entry.

 

[Optionpro007]

Quote from Buy1Sell2:

Still looking for long entry here. Buy stop lowered to 1406.50 for entry.

b1s2. hope you understand you are like a trading God to me, but....

I just don't see any strength in the equity markets. the 30 and 60 rsi grails seem very bearish. The only thing holding up the markets as per my view is Thanksgiving.

I expect a correction for the US/European markets next week if the Asian markets don't shape up soon.

jmo.