ES Journal Archive (2006 - 2008)

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Hi everybody,
just looked at ET the first time since months, don`t want to stay lengthy, just a few lines...
@Skippy (Who`s buying here...), the key are the marketinternals, the AdvancingVolume/DecliningVolume NYSE Ratio is ~ at 4.5, a very high number, everthing over ~ 3-3.5 i found to be a trendday, similar AdvancingIssues/DecliningIssues, but falling since 1130, so the last high was not supported from the MI`s, should consolidate and later we should see new highs.

I`m no more trading the priceaction, I exclusively enter with MI`s, Price alone has very low informationcontent(for me...)

regards, michael
 

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B1, you are one smart man, I mean I knew that anyway, but something that you have suggested in this journal makes it almost impossible to lose!
 
Quote from romik:

but something that you have suggested in this journal makes it almost impossible to lose! [/B]
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And what's that romik? Be sure to tell Porgie too !
 
Quote from callmate:

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And what's that romik? Be sure to tell Porgie too !
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The ones that followed this journal for a while & especially recently will be able to pick up on that, even Porgie.
 
Quote from romik:

reversed, short 1432.75 increased bet size
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Are you just increasing size after a loss? If so, what is the rationale for that, as opposed to increasing only after wins?

A series of winning trades would indicate you are in rhythm with the markets, losing trades = out of rhythm. Wouldn't the former justify larger positions, and the latter smaller positions?
 
Quote from illiquid:

Are you just increasing size after a loss? If so, what is the rationale for that, as opposed to increasing only after wins?

A series of winning trades would indicate you are in rhythm with the markets, losing trades = out of rhythm. Wouldn't the former justify larger positions, and the latter smaller positions?
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With this way of trading, you are not depending on being in sync with whatever you are trading. Tight range is uncontrollable/unsustainable and that's basically all there is to it. In fact whipsaws are favourable due to small initial entries.
 
Quote from romik:

With this way of trading, you are not depending on being in sync with whatever you are trading. Tight range is uncontrollable and that's basically all there is to it.
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By "in sync" I mean profitable in selling highs and buying lows aka a necessity for making money.

I was just wondering why you increase size on losing reversals, is the strategy dependent on tiny initial positions in order to allow for larger size upon losers? Because then it would start to sound like one of those "looks good on paper" systems -- you know, as long as you come out ahead, no matter how small the gains at days end and no matter how deep the drawdown en route.
 
Quote from illiquid:

By "in sync" I mean profitable in selling highs and buying lows aka a necessity for making money.

I was just wondering why you increase size on losing reversals, is the strategy dependent on tiny initial positions in order to allow for larger size upon losers? Because then it would start to sound like one of those "looks good on paper" systems -- you know, as long as you come out ahead, no matter how small the gains at days end and no matter how deep the drawdown en route.
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OK, What normally happens around a major support level? Can you, by looking at a chart or using whatever other source that you might be using, tell me with a 100% accuracy what will happen when price hits that level?

2 days results:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=64965&perpage=6&pagenumber=1014

http://www.elitetrader.com/vb/showthread.php?s=&threadid=64965&perpage=6&pagenumber=1025
 
porgie didn't work 6 years to look to forum heroes for a system.........sorry romik, but nothing here for me...i already have it.....the only thing u can control is entries and exits....nothing else........market doesn't have a brain ...it doesn't know ewe exist........you are looking for the magical answer....it aint there...support resistance is low percentage just like volume..
 
Quote from romik:

OK, What normally happens around a major support level? Can you, by looking at a chart or using whatever other source that you might be using, tell me with a 100% accuracy what will happen when price hits that level?
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You misunderstand me again -- if you're trading either/or breakouts/reversals, fine, that's not the issue. The question is, why increase your size? I'm bugging you because I'm looking for a decent justification for it besides just making up for past losers, which is an instinct all of us should look to rid ourselves of when taking the next trade.

Don't be so results oriented, you can get in trouble doing anything you can to turn a red day into green.
 
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