ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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For better or worse our trading is balanced on our original premise ... get that one wrong and you are dog tucker.
I belief that the markets are constructed from thousands of reasoned decisions.
Now whether you agree with these decisions is neither here nor there, it is the fact that they exist which is most important.
All these decisions come together at the T&S gate and so my believe is that the markets are chaotic by nature. Not random , simply chaotic.
And that is my fundamental premise.
Now moving on a bit ...
Although some 10 -15% of the traders account for 80% of the contracts, I dont see any evidence of accuracy on their part simply because we do not knowwhat is driving their reasoning.
Evidence of this lies at support zones where >99 lot trades will hammer the bid/ask simultaneously.
Therefore I take all trades into account, large and small, because they all contribute to make up the chaotic sum of the market.
Where are these mumblings leading.....
Well I totally agree with you A82, the more synergy we find, the more important the zone and this is the very start to the clever game of extracting money from the markets.
Personally I dont use indicators, but is very much a case of each to their own, or maybe another discussion.
I"ve tried all that price level stuff, ultimately I found it to be a big distraction from my trading.
But I do still keep a basic support level and basic resistance level on the screen, but my actions are initiated by trade signals, regardless of the respective price levels.
still holding 1457.75 short
Regards,
JJ
spectacular play
cogratulations
cogratulations
L
Lance Carson
Good trade, well done. Drink some Vocka ( but don't drive )
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