ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Quote from princessa:
yummy, yummy....
Yummy, Yummy, Yummy, I got love in my tummy
And I feel like a-lovin you
Love, you're such a sweet thing
Good enough to eat thing
And it's just a-what I'm gonna do
Porgie has some good ideas, you just have to pick-and-choose the concepts that fit your current style of trading, that's all.
For instance, for me I'd say the no thinking, no times, no volume, no other markets, no news and no trailing stops are pretty much where we see eye-to-eye, in that order.
***
Not for nothing, his comments about Thomas's library of free materials shows a similar appreciation of good writing on the subject of technical trading.
When I was taking the Thomas's seminar, a trader asked him why he didn't just use an exponential moving average instead of the median price of the security, and didn't really get it when it was explained to him that the median is a better reflection of the true value, and enables the trader to accurately determine whether the market is reversing, or just pausing in preparation for resuming the current trend.
Good trading,
JJ
Here's the last 10 days (all I'm going to get from QT intra-day). If I'm reading it right, the market is holding its fib retracement of 61.8%, while working off it's overbought state.
Now, is this information actionable on an intra-day timeframe? No
Will I use it to make trading decisions? No
Then why post it?
Because it gives me an eye on what's happening on the bigger picture, and some insight into what I might expect for next week's action. But remember, when trading intra-day, to always trade what you see, not what you think.
Good trading,
Jimmy Jam
Now, is this information actionable on an intra-day timeframe? No
Will I use it to make trading decisions? No
Then why post it?
Because it gives me an eye on what's happening on the bigger picture, and some insight into what I might expect for next week's action. But remember, when trading intra-day, to always trade what you see, not what you think.
Good trading,
Jimmy Jam
Morning JJ,
you ready for ES in the 40's manana ?
you ready for ES in the 40's manana ?
, when it setsup, I'll take the trade.Oscar´s Flash:
Daily Trading Recommendations for Friday 02/23/07
02/23/07 3:52 am est
1ST FLASH UPDATE S&P, EMINI TRADE
We are now short ESH7 @ 1459.00 Last tick = 1457.75
Keep your buy stops in place.
I will keep you informed
_____________________________________________
S&P (SPH7) and EMINI (ESH7) March 07
TODAY'S OMNI DIRECTION IS LOWER
SELL SHORT AREA = 1459.00 / 1460.00
BULLISH POSTURE IS NEGATED IF ABOVE 1465.50 X.
TAKE PROFIT AT THE 1447.00 / 1445.00 AREA, OR EXIT BY CLOSE.
NOTE: SUPPORT IS EXPECTED AT THE 1451.00 LEVEL.
Daily Trading Recommendations for Friday 02/23/07
02/23/07 3:52 am est
1ST FLASH UPDATE S&P, EMINI TRADE
We are now short ESH7 @ 1459.00 Last tick = 1457.75
Keep your buy stops in place.
I will keep you informed
_____________________________________________
S&P (SPH7) and EMINI (ESH7) March 07
TODAY'S OMNI DIRECTION IS LOWER
SELL SHORT AREA = 1459.00 / 1460.00
BULLISH POSTURE IS NEGATED IF ABOVE 1465.50 X.
TAKE PROFIT AT THE 1447.00 / 1445.00 AREA, OR EXIT BY CLOSE.
NOTE: SUPPORT IS EXPECTED AT THE 1451.00 LEVEL.
<object width="425" height="350"><param name="movie" value="http://www.youtube.com/v/zekEwEnIKJU"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/zekEwEnIKJU" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object>
- Status