ES Journal Archive (2006 - 2008)

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Quote from theBuzz:

No doubt about it, Apex is the only one worth following.
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Hopefully no one here is following anyone, but rather learning from everyone.
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I did an analysis of one day of trading from a Puretick Log and their market calls as published on their website.

Wins and losses, with more winners than losers.

I also reviewed austinp's trades when he was posting in the PnL thread, the information is there for anyone to study it.

Basically, the performance of these professionals is pretty much on par with what we're doing here, and if you can begin to consistently generate more days of seeing green than not, AND maintain that performance on a weekly basis, you are well on your way to being as good a daytrader as you (or 90% of the traders out there) can be.

Good trading,

JJ

P.S. I hope this isn't the re-emergency of Porgie, but if it is, unlike Puretick, we can't delete offending posts at will, so I'll just use his clowing to post positive re-informencement messages.
 
Quote from apex82:


Here is the upated version of the ES daily support zones.

1375-1376.50

1363-1365

and the zone where I am buying hand over fist...

1321-1330

Remember these are constructed off a daily chart so they could be a tick or 2 off due to not being able to align levels properly on such a large timeframe.

-Apex
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I am speechless.. low of day 1375.25 and one of those most parabolic 27 point rallies I have seen in a long time other then feb.27th


Before....

http://elitetrader.com/vb/attachment.php?s=&postid=1396010

After...
 

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Apex...

I was wondering if you've ever quantified any aspects of your pre-determined zones. For instance tendency of down markets to seek the lower end of a zone or up markets to seek the higher end of zone, etc etc, etc.

I'd also understand if you don't give a hoot about such. :cool:

Osorico :)
 
Update on Long position:

Rolled out of March contract last Fri as indicated at 1404.00. This had me realizing a loss of 39 points per contract basis March. I rolled into June at 1416.75 and have not traded ES again until today on the close where I added Long at 1401.50.

Current average price in June ES is at 1414.21:)
 
JJ, you couldn't be more right about not following others.

As a futures newbie, I lmigrated to this journal because its where live trading is occurring. Its extremely informative, because there are dissenting viewpoints, and, people booking profits as well as losses - and, its done in a friendly, sharing manner.

I have to admit that I like Apex82's analysis of support and resistance - a combination of Elliot Wave, Pivot Points, historical S/R levels, maybe Fib retracement? - not sure what the other 2 variables are, but Apex possibly alluded to the fact that the levels become "Apex Levels" (feel free to trademark that name Apex82) if they are firing in multiple analysis methods, thus reinforcing the s/r levels validity. Then again, I could be way off base on that:p

Oh, and Buy1Sell2 ain't too shabby either on S/R! I'm still making my way through 4RE's thread - awesome stuff.

Princessa, I've read some of your posts, you are no longer a newbie :p
 
Newbie trying to learn from the pro's if you care to answer.....

Assuming you did it, at approximately 1:00-1:15 pm on 03/14/07, what made you reverse from short to long in ES or YM?

I, for one, missed the change in trend - I wasn't looking at the violation of the down trendlines. Anything else that should have tipped me off to the fact that the trend had changed?:confused:

I am specifically talking about the 1:00pm-1:30pm timeframe.....
 
individual stocks werent being sold as heavily, certain 'indicator stocks' looked strong even when the futures were selling off, either the stocks catch up with futures or the futures catch up with cash.

the arb opportunity forced the futures up. Since the futures couldnt scare the market to selloffl.

i was expecting stocks to sell off, but when the downward trendline busted, it was clear the futures were going to meet cash higher up.
 
spec ,i am not sure what you saw,didn't see your post but if you called it,thats unbelievable,what data source do you use,on the floor you watched top 5 dow stocks plus tick and trin,and bonds,don't have that on home computer,need more data ,feel like a broken down truck in desert with a pair of pliers and no cell phone
 
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