ES Journal Archive (2006 - 2008)

[JimmyJam]

Quote from elbow:

wrong the 9:00 turn is 87% of days it happens.......for 6 years.....you are saying reliable when it happens i am saying reliable that it is going to happen.........apples and oranges

He means 10:00am ET.

Watch it now.

JJ

 

[Buy1Sell2]

Still short here from 1415.00

 

[elbow]

cash is another "don't care".......when system gives signal take it......cash is in news, support resistance, volume, thinking, squawkbox, etc..........all irrelevant to my entry which is the signal.......the signal is based on massive testing ......many years........

 

[elbow]

all of those things will generate mysignals.......why they are generated is irrelevant...what is relevant is that they are generated and are high probability edge.......i wish everyone to find the same confidence building strategy....confidence only grows in high probability stuff, not low percentage for the average trader, especiall y the begiinnesrs as the emotional whipping will melt the confidence and mess with the psyche......

 

[my2cents]

Quote from volente_00:

You are right elbow, there are many reversal times that can be traded but the 10:30 one is the most reliable.

A simple question and kudos for the day to whomever can correctly answer the following:

What makes 10:30 such a reliable reversal time?

(End of first hour of trading or cigarette/coffee break does not count)

 

[paul_alan]

why aren't them two funny guys on here saying: "I luv the 100% up room to go $$$$$$$$$$! Free mOneY!!"

 

[romik]

Quote from paul_alan:

why aren't them two funny guys on here saying: "I luv the 100% up room to go $$$$$$$$$$! Free mOneY!!"

Yeah, where are these two dudes? Probably choosing a new alias. That Mymini's last thread was way too funny, hilarious in fact. After going on about market's inability to go down, he opens a thread, 1 trade, averaging down & ignoring stop fails after 1 attempt & nowhere to be seen afterwards, man it was funny.

 

[BoyBrutus]

Quote from my2cents:

A simple question and kudos for the day to whomever can correctly answer the following:

What makes 10:30 such a reliable reversal time?

(End of first hour of trading or cigarette/coffee break does not count)

1) Mom/Dad investors throw in the towel within the first 1/2 hour

2) Retail traders tend to wait out the first 1/2 hour so will position within the next.

3) Retail traders are more emotional at the start of the day and judgement may be more impulsive and prone to errors

4) The big boys have a bias and target so wish to position at the best prices. So stop running and loading the retail traders is the first objective.

5) People are heavily influenced by the prior days price action.

 

[paul_alan]

Quote from romik:

Yeah, where are these two dudes? Probably choosing a new alias. That Mymini's last thread was way too funny, hilarious in fact. After going on about market's inability to go down, he opens a thread, 1 trade, averaging down & ignoring stop fails after 1 attempt & nowhere to be seen afterwards, man it was funny.

Concured. The set of circumstances surrounding that thread made it very funny. I dont like to see anyone lose money, but luckily, despite his claims, he surely isn't trading for real. If i remember correctly he actually closed his final 'add-on' near the very low tick only to watch it bounce nicely.

 

[elbow]

low percentage stuff