ES Journal Archive (2006 - 2008)

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Quote from elbow:

When entering the trades sometimes, my fingers freeze. I need help in that area. By the way, the 5 minute time frame is what all the smart seasoned daytrading professionals use. Why argue with success? Right?
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That's right Porgie
 
buy low sell high..........trend is your friend.............he who hesitates after the pullback buys high and sells low...you join the crowd when u do that and the crowd is losing.... high low is where the edge is.....B1's reaction high and reaction low. ... tell him thank you.....
 
Quote from Buy1Sell2:

Experiment with the breakout/breakdown strategy will be concluded after the current long trade plays itself out. --Even thought the system is profitable, I have determined that my method of divergence/grail utilizing reaction highs/lows is much more profitable.
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Happy New Year to all!

B1 Here is a variation of your method.

10 min chart
200ma Entry/Reverse
100ma Trailing Stop

Entry: If 10 min bar closes above 200ma, then Long on open of next bar. Reverse position if any future bar closes below 200ma.

Trailing Stop: When holding position if any 10 min bar closes below 100ma, then close position.

Wait for price to breach 200ma and repeat.

Vice versa when first 10 min bar closes below 200ma.

Unlike reaction H/L method requires basic programming for automation.
 
I would call realtime a couple tomorrow but playtime is history for me....end of system development road. ......buy low sell high trend is your amigo......adios....pick b1's brain and trade long term........daytrading comments here not working.....have a good trading life each and every one of you.....
 
US Political, Economic Calendar - Week Ahead


All dates are in ET Time.

Tuesday, January 2, 2007
ET/GMT Expected Previous
1400/1900 Bond markets, CME Eurodollar products,
FX mkts, CBOT interest rate products
close early for Natl Day of Mourning
for former Pres Ford
1700/2200 Dec 31 ABC/Washington Post Consumer Confidence -2
Index
N/A Most federal govt offices closed. Most
CBOT, CME markets closed. Stock
markets, Nymex, Comex, CBOE closed for
Natl Day of Mourning for former Pres
Ford

Wednesday, January 3, 2007
ET/GMT Expected Previous
0700/1200 Dec 29 MBA Refinancing Index -18.5%
0745/1245 Dec 30 ICSC Chain Store Sales +2.0%
0815/1315 Dec ADP/Macroeconomic Advisors Employment +158K
Estimate
0855/1355 Dec 30 Redbook Retail Sales Index -2.0%
1000/1500 Dec ISM Mfg 50.0 49.5
1000/1500 Nov Construction Spending -0.4% -1.0%
1400/1900 Dec 12 FOMC Minutes
N/A Dec Auto Sales 12.5M 12.3M

Thursday, January 4, 2007
ET/GMT Expected Previous
0730/1230 Dec Challenger Layoffs Survey +11%
0830/1330 Dec 30 Jobless Claims -1K +1K
1000/1500 Nov Factory Orders -4.7%
1000/1500 Dec 23 DJ-BTMU Business Barometer -0.1%
1000/1500 Nov Pending Home Sales -1.7%
1000/1500 Dec ISM Non-Mfg 57.5 58.9
1030/1530 Dec 29 US Energy Dept Crude Oil Stocks (in -8.1M
barrels)
1030/1530 Dec 29 US Energy Dept Distillate Stocks (in +500,000
barrels)
1030/1530 Dec 29 US Energy Dept Gasoline Stocks (in +3M
barrels)
1630/2130 Money Supply
N/A Pres Bush, German Chancellor Merkel
meet in Washington

Friday, January 5, 2007
ET/GMT Expected Previous
0830/1330 Dec Non-farm Payrolls +118K +132K
0830/1330 Dec Unemployment Rate 4.6% 4.5%
0940/1440 Dec ECRI Inflation Gauge 119.4
1030/1530 Dec 30 US Energy Dept Natural Gas Stocks (in -46
billion cubic feet)
1500/2000 Dec Tsy STRIPS
 
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