ES Journal Archive (2006 - 2008)

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Quote from paul_alan:

WTG lance. Is there a post you can direct me to which explains your trading strategy at all?

cheers.
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heh, he's pretty go with the scalpel isn't he?

looks like patterns with tick confirmation, but don't know fer sure.
**
short @ 1457.75
 
Quote from paul_alan:

WTG lance. Is there a post you can direct me to which explains your trading strategy at all?

cheers.
More...

It is based on some techniques from TradeTheMarkets.com, SupportandResistance.com and others developed by watching the price action for a long time.
 
Quote from paul_alan:

Funny you should chime in, BruceLee

Your another one who's trading interests me. You, Lance and apex82.

Is there a post where you have spoken about your technique that you can point me to?

cheers
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My trading is a hybrid of the basis of the above video, TICK, TRIN followed by price action. I am a scalper, lots of contracts small stops, exits are also simple, hang in as long as possible :D Still working on that.

P.S. You can sign up for the free video. I am not affiliated in anyway with them.
 
I used market internals when I was first beginning. I soon found out that they meant nothing to my trading. If they give you an edge, all the better. I found them useless and were not consistent enough to provide high probability trades.
 
Quote from apex82:

I used market internals when I was first beginning. I soon found out that they meant nothing to my trading. If they give you an edge, all the better. I found them useless and were not consistent enough to provide high probability trades.
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No, they just give you a market bias, not an entry point. Price action is more important to me, where its been, support, where its going, resistance, box plays, fib levels, SMA cross overs, RSI´s, Pivot points. All the above will work at some time.

Thats why I keep my stops small, so I can play as much of the game as possible.
 
Quote from Brucelee:

No, they just give you a market bias, not an entry point. Price action is more important to me, where its been, support, where its going, resistance, box plays, fib levels, SMA cross overs, RSI´s, Pivot points. All the above will work at some time.

Thats why I keep my stops small, so I can play as much of the game as possible.
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Totally agree. Price action is key. Many years ago a floor trader (pre eTrading) told me futs trading is all about price levels/ranges, no matter how narrow. Learn to spot the levels and ranges.

But I don't think he ever dealt with these multi-hour drip-by-drip (tick-by-tick) ranges and levels :confused:

Bring back the 1/8 listed increment... Give the underlyings some action! :D
 
Quote from osorico:

Totally agree. Price action is key. Many years ago a floor trader (pre eTrading) told me futs trading is all about price levels/ranges, no matter how narrow. Learn to spot the levels and ranges.

But I don't think he ever dealt with these multi-hour drip-by-drip (tick-by-tick) ranges and levels :confused:

Bring back the 1/8 listed increment... Give the underlyings some action! :D
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Quite agree.
Price moves diagonally ( even on vol charts since we do not live in a time vacuum)
Time provides the horizontal axis.
Volume hitting the bid/ask gives price it`s verticality (+ve or -ve)

Horizontal zones of prior conflict provide the action and you can see this on your T&S.
Once clear of a conflict zone, price is good to go until the next zone.

My suggestion (if you want to trade this way) is to load your screen with meaningful zones. ie daily/ weekly levels: fibs: s1/r1, HH/LL in 15M, 30M, 60M etc etc..............

Some/many of them may even coincide ... what a surprise, just imagine what that means.

Once they are in place and you can still see the screen; watch the battle as T&S impacts on price.

You may even want to preload stops (my earlier post) in case you decide to take a position.
 
Quote from fearless9:



My suggestion (if you want to trade this way) is to load your screen with meaningful zones. ie daily/ weekly levels: fibs: s1/r1, HH/LL in 15M, 30M, 60M etc etc..............
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SYNERGY SYNERGY SYNERGY that is the best edge in the market imo
 
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