ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Here's the thing-- the market is in bull mode. Dips should be bought upon future strength. It will only be wrong once and that is when the real reversal is. By using prudent money management and not being overextended, this can be done. Of course if you are overextended , you will lose whatever strategy you are using including this one.
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Yes, what you're saying is very true of any run-away Bull or Bear market, but in this case I was referring to the work you did in regards to effective protective stop placement.

Good trading,

Jimmy Jam

P.S. Long 1 ES @ 1252.75, PS @ 1248.75 (overextended by good, conservative risk management parameters, but it's just too obvious).
 
Quote from porge:

1.....no s/r
2.....no times
3.....no oscillators
4.....no other markets
5.....no thinking
6.....no countertrending
7.....no short charts
8.....no news
9.....no volume
10...no trailing stops
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11...no mental stops
12...no guessing
13...no predictions
14...no hoping
15...no assumptions
16...no ego
17...no opinion
18...no bias
19...no bottom / top picking (= 12 + 16)
20...no averaging losers

21...no widening stops to give a proven loser more room to work itself out somehow (= 11 thru 19 above)
 
Quote from TrendPro:

11...no mental stops
12...no guessing
13...no hoping
14...no assumptions
15...no ego
16...no bottom / top picking (= 12 + 15)

17...no widening stops to give a proven loser more room to work itself out somehow (= 11 thru 16 above)
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18. Believe in yourself
19. You are responsible for all your trades
20. Learn to embrace losses
21. Trade in the zone
 
Shall I jump in here, just tell me to piss off at any time and I am gone with grace.

Anyway I am certain that it all has been said before.

I am an intraday boy, so now that is out of the way here goes.

Firstly, indicators get better as the TF gets longer and I am always interested in the daily and weekly frames.

Secondly, I do not use them intraday.
Either the price is moving in tandem with all the traders hitting the corresponding ask/bid or it is not.

The first evidence of any buying grunt on the accumulaing ask started at 11:18 more or less with earlier signs at 10:53

Anyone who has been cruising down on the failing longs has had a good day so far. from 10:53 until 11:18 you could do alot worse than fading yes low and todays low and now we have a potential breakout on the accumulating ask and so we flip over and away we go again
 
For the Oscar groupies:

02/23/07 11:20 am est

We are now short ESH7 @ 1459.00 Last tick = 1451.75
Cancel replace your buy stops down to 1455.25
Take profit at will and don't forget to be out by the close.
Keep your buy stops in place.
 
Taking profits before lunch.

Quote from fearless9:

Shall I jump in here, just tell me to piss off at any time and I am gone with grace.

Anyway I am certain that it all has been said before.

I am an intraday boy, so now that is out of the way here goes.

Firstly, indicators get better as the TF gets longer and I am always interested in the daily and weekly frames.

Secondly, I do not use them intraday.
Either the price is moving in tandem with all the traders hitting the corresponding ask/bid or it is not.

The first evidence of any buying grunt on the accumulaing ask started at 11:18 more or less with earlier signs at 10:53

Anyone who has been cruising down on the failing longs has had a good day so far. from 10:53 until 11:18 you could do alot worse than fading yes low and todays low and now we have a potential breakout on the accumulating ask and so we flip over and away we go again
More...
 
Quote from Buy1Sell2:

Indicators revealed this to me.
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Well done B1S1... good call.

Please do not misunderstand me.

My intention is not to argue the merits of anything, but just to provide a simple statement of what I do.

If your 2 minute indicators give you good feedback, it does not surprise me.

Also I watch constant vol charts and I have no intention of starting a full blown discussion about that either.

If I recall. it was your intention as a position trader to expand your knowledge of intraday trading.

Mine is just one of many many ways to approach intraday.

As wise man once said .....
"there are many ways to skin a cat just so long as you wind up with a bald pussy!"
 
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