ES Journal Archive (2006 - 2008)

[Brucelee]

Quote from Brucelee:

Out 1429.25

Here is the chart for the scalp

 

[fearless9]

Quote from wareco:

What are you referring to?

Volume Delta.
You can read up ET, I think it is referred to as Market Delta.

 

[Brucelee]

I'll go long again on a double bottom, looking for it to bounce off 1427.50 otherwise look to go short around 1433. I am only looking to scalp, 4 - 10 ticks, stop loss 5 ticks.

 

[wareco]

Quote from fearless9:

Volume Delta.
You can read up ET, I think it is referred to as Market Delta.

What I meant was what led you to believe the longs had a 100k contract advantage? I run an Esignal efs program that plots the cumulative Bid-Ask for the ES throughout the day. From the open there were more contracts at the Bid than at the Ask. That never changed. By 10:45 or so 50K more contracts had been transacted at the Bid than the Ask.

 

[romik]

Still holding 1439.50 short here, will add below 1410.00

 

[Brucelee]

Quote from Brucelee:

I'll go long again on a double bottom, looking for it to bounce off 1427.50 otherwise look to go short around 1433. I am only looking to scalp, 4 - 10 ticks, stop loss 5 ticks.

Long 1427.50

 

[Buy1Sell2]

One thing to point out here: Weekly still bullish-- Monthly still bullish. Daily sideways/down.

I am short as many of you know, but I will be long again when the signal provides itself. Longer term, this market is still up, so the sell offs are to be viewed as pullback in a longer term up trend. --until trend reverses on the weekly at least.Be careful with short positions and be ready to get back long at the appropriate time.

Also, I strongly disagree with any strategy that is too active and does not allow for homeruns. Stops can be placed close, but the profit targets need to be allowed to mature.

 

[Brucelee]

Quote from Brucelee:

Long 1427.50

Out 1428.5

 

[Brucelee]

Quote from Buy1Sell2:


Also, I strongly disagree with any strategy that is too active and does not allow for homeruns. Stops can be placed close, but the profit targets need to be allowed to mature.

Ok, I will not post these scalps anymore, I will look for longer term plays, in line with the authors method. Sorry.

 

[Buy1Sell2]

Quote from Brucelee:

Ok, I will not post these scalps anymore, I will look for longer term plays, in line with the authors method. Sorry.

It's fine to post them as it is your method and I have an interest as many others do. I am just pointing what my beliefs are. Don't take it as anything but constructive criticism.