ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

that`s exactly what it was......perfect catalyst for the sell we should`ve had friday.
someone had that # ahead of time.....or that # was released prematurely & many had the head start.when the selling begins,they don`t let you in.
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Thanks for the "heads-up" Spooz,

I personally don't trade off of Reports (hold off on the tomatoes please), as I think the market will interpret the information any way it wants to, so I just go purely by the technicals.

Works for me.

JJ
 
Quote from JimmyJam:

Thanks for the "heads-up" Spooz,

I personally don't trade off of Reports (hold off on the tomatoes please), as I think the market will interpret the information any way it wants to, so I just go purely by the technicals.

Works for me.

JJ
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Hi JJ...

I understand exactly what you mean by not trading off of reports (there is no telling how they will be perceived). But TA only? How would that have played (at least intraday) for 911? The fact the market "ignored" the Iranian/British situation on Friday is proof perception rules the day, but it doesn't remove the looming reality. TA only may or may not catch that.

Like in the movie I, Robot. (just watched it last night)... Will Smith character was saved from drowning, he had a 45% chance (according to the robot) of survival, whereby the child in the same crash had only 11% chance of survival. The robot did not choose wisely. A human would've at least attempted to save the child.

Good trading to you,
Osorico :)
 
Quote from romik:

IMO, Robot did make a rational decision which was based on probability, I think Willie realised it at the end of the film.
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If I just saved the world I might be very happy too that my life was saved, probabilities or not. :D
 
Quote from osorico:

Hi JJ...

I understand exactly what you mean by not trading off of reports (there is no telling how they will be perceived). But TA only? How would that have played (at least intraday) for 911? The fact the market "ignored" the Iranian/British situation on Friday is proof perception rules the day, but it doesn't remove the looming reality. TA only may or may not catch that.

Good trading to you,
Osorico :)
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Exactly O,

Perception is reality, - and price action will reflect that perception - for as long as it lasts.

This means I can never tell ahead of time what is going to happen, because it won't be reflected in the technicals, nor in any of the supporting indicators that I use (hence, my inability to call reversals). But I can Buy the Dip of the Up Move, or Sell the Rally of the Down Move and Stay Out when everything doesn't line-up the way I want it too.

Overtime, I have found that this works for me (now, if I pull up the Dax and FTSE and EuroStoxx and find that they consistently give me a heads up, I can add that technical information to my repertoire).

I have found that it is more important for my trading to trade in a consistent manner, rather than try to "guess" what is going to happen.

Just the way I trade,

JJ
 
Quote from JimmyJam:


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I have found that it is more important for my trading to trade in a consistent manner, rather than try to "guess" what is going to happen.

Just the way I trade,

JJ
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I understand. But there's a big difference between a "guess" and "front running/positioning" BASED on price action.

Cheers
Osorico :)
 
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