ES Journal Archive (2006 - 2008)

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romik, the +6/-6 signal is nothing new (as is anything else in technical analysis)

i picked up on it from personal experience and have seen variations of it all over the place. A good example of it can be found in mark Fishers book. " The Logical Trader"

all my trading came from others ideas and my own failures from making the same mistakes . the only way to learn is to find what does not work, then correct that and you are "GOOD TO GO".

i never invented anything. .. :D
 
Quote from apex82:

ER2 in the middle of the key zone! Any confirmed breakout above will sustain a large move to the upside. I am getting short here.

Both ER2 and ES trading at main resistance zones right at the key reversal timing. I cant pass up an oppurtunity like this.

HOD so far 814.30

critcal zone posted before open 813.50-814.50

now trading 4.5 pts lower

Gap is just about filled shorts will be taking profits.

1441.50 has to hold for the bulls or we are retesting yesterdays lows.
 
old book: "Day Trading With Short Term Price Patterns and Opening Range Breakout"........Tony Crabel

That book was what caught my eye.....traders press 1990 isbn: 0-934380- 17 -1
 
Quote from bighog:

Thks guys, thats the beauty of trading with signals. Signals are a part of a strategy, they are not the whole.

A signal is NOT a system. We all know (or should know) whipsaws are normal and are to be expected. Some days (like ystrdy) signals are great and one is all you need. other days it is up to the individual to adjust the tactics as the battle unfolds.

jimmy bob jim bo is being quite naive to think my trading is all about on simple, single signal.

The only reason i posted ystrdy was for sprector 007 to get a grip on self and not use a ES journal as a simple time question thread. The intention was to merely show that indeed some days things can be o so sweet.jimmy joe bob ray, have a beer and relax. :)

If anyone out there thinks there will ever be trading without losses they are sadly mistaken. and remember this guys like me and others do not need to come in and make attempts to help others. i sell nothing . thks, good luck guys

PS.....and a word about the signal itself... if Jimmy-sue-bubba-bootsie had any memory ayt all he would remember that the signal is an "opening signal". jimsue get your facts straight. :D

Wow, I must've really touched a nerve on this one! :D

The facts are correct accoring to the half-a$$ information that you posted on the board (which at least one person was trying to use to trade, BTW).

http://www.elitetrader.com/vb/showthread.php?threadid=64965&perpage=6&pagenumber=1176

http://www.elitetrader.com/vb/showthread.php?threadid=64965&perpage=6&pagenumber=1178

Of course I and the other traders here who have a lot of time in the seat know that the market trades, trends and chops, but new traders might be naive and take your slop at its word-see above BigHog ( I don't need to makeup an insulting name for you, the one you've given yourself does the job quite nicely).
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Enough with that time-waster.

Romik posted a link to Jim Clayburg's Directional Day Filter System ryank. The book can be found by the same name on Amazon.com and his indicators should be available for tradestation as well. (check out his website - google it - for more info on'em).

This is a method that can begin to teach you something useful about how and why markets setup and what determines their intraday structure. It would be a good idea to give the system a good read.
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Oh, and BTW BigHog, I got a quick 2pts fading your Buy Level using a basic fast stochastic indicator for overbought/oversold levels. The trade was taken with a high percentage of accuracy based on pervious stated facts about trending and trading markets.

Good trading, :)

Jimmy Jam
 

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Quote from bighog:

old book: "Day Trading With Short Term Price Patterns and Opening Range Breakout"........Tony Crabel

That book was what caught my eye.....traders press 1990 isbn: 0-934380- 17 -1

Surely you jest, hog. How can such an old-school technique have value today? :confused: :eek: :D :D
 
Because the simple stuff works. What is new the last 50 years? Computers are a tool, so do not say computers. No, i do not jest.

Osorico, please enlighten me.
 
i have all day, so think hard. :D

i am such a nice guy i will sell you the book, look it up. got a couple extra dollars? i do not need it anymore. :p
 
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