ES Journal Archive (2006 - 2008)

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speaking of forums, what happened to your famous chit chat forum? didn't mods close it down? I can't say why because it was too embarrassing to talk about..My ears are still red months later...turned into filth forum.....i am sure volente felt the same...
 
I found myself killing some time as I'm doing some PC maintenance here at home and decided to check this journal on the dreaded 02/27 crash day.

I'm shocked to see how so many of you decided to catch the falling knife that day.

All you had to was follow the trend, which was extremely strong, hinted by ADX, TRIN, etc but some of you played contrarian not once but many times.

Sorry guys but hope some lessons were learned.
 
NEET..truth here will get u canned for life...they don't deal well with the truth...u know, the things the eyes alone can give signals.......
 
Quote from Neet:

I found myself killing some time as I'm doing some PC maintenance here at home and decided to check this journal on the dreaded 02/27 crash day.

I'm shocked to see how so many of you decided to catch the falling knife that day.

All you had to was follow the trend, which was extremely strong, hinted by ADX, TRIN, etc but some of you played contrarian not once but many times.

Sorry guys but hope some lessons were learned.
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The truth is none of the things that you mentioned are a consistent barometer of price action.

Good trading,

Jimmy Jam
 
Quote from Lance Carson:

Good trading to you. Tell your friend to answer the simple question next time.

And remember J. J. , Paper Trading or NOT , YOU STILL HAVE CALL THE DIRECTION AND THE TARGET CORRECTLY.
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However, the work that Lance has been doing with the TICK is nothing short of phenomenal. If I am able prove the results of my analysis this weekend during live trading, I won't be able to argue with him anymore.

Good trading,

Jimmy Jam
 
Quote from JimmyJam:

The truth is none of the things that you mentioned are a consistent barometer of price action.

Good trading,

Jimmy Jam
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No particular indicator is a consistent barometer of price action but price action itself.

I was simply stating things I saw during the day, TRIN over 5-7, come on, how often do you see that ? I think it even got to 15 or something close to that.

If you went long multiple times in the morning you were simply a contrarian knife catcher who just lacks elemental ability to read the market.

It's harsh but it's the truth.
 
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