ES Journal Archive (2006 - 2008)

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This is an oscillation of download speed/bandwidth, even that, which is meant to be totally random or continuous, shows a valid point about higher close/lower close.
 

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Quote from Buy1Sell2:

Update on long position.

I am long 22 units at an average price of 1436.02.

So, I am currently in the black roughly 25 pts per contract.

Will continue to hold position long.
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Quote from Buy1Sell2:

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:)
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No offense, but how can you be in the black 25 pts? I suppose the missing piece of info is how many units you rolled with a 39 pt loss per unit.

What is breakeven for your 22 units, including the 39 pt per unit rollover loss?
 
Quote from JSSPMK:

Just read some posts by Porgie, he has a valid point. ....
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That is a valiant effort! I've always wondered what his secret system was, but after a fashion I had to give up on reading his posts. I wasn't an English major, but it is certainly depressing to read posts constructed like his.

Good job!
 
Could you please post a chart of an example? I'm not sure what you mean by higher closes & lower closes.

Quote from JSSPMK:

Just read some posts by Porgie, he has a valid point. I only know it as I use probably the same technique that he uses. I don't know why he is so secretive about it, as this so called "system" is nothing new, but probably better than 90% of indicator based ones that are suffering from latency issues.

What he does is enter on higher closes & lower closes & scales out after a certain minimum profit generated. By the time an oscillator goes green, a buyer based on higher closed price has already generated a small profit (small compared to daily average range) & scaled out to hold for potentially bigger winner. At that time when an oscillator makes a bullish turn price has already risen & quite a few will be destined for a whipsaw or a continuation of original move or reversal, so basically it's 1/3 odds of being on the right side, when price based buyer will be about 1/1.5-2, basically a better position to be in. "100% system" is pure bullshit.
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Quote from K-Rock:

Could you please post a chart of an example? I'm not sure what you mean by higher closes & lower closes.
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i used JimmyJams chart, work out stops for yourselves
 

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Quote from theBuzz:
Apex is the only one worth to follow - oscar is only good for the first two hours after 8:30am and must improve his targets -too far and unrealistic- agree with Lance on that one - is a '"No Brainer" - brucelee needs to get a better education-agree
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Not true. We should not follow anyone. We should follow our own "system". :p
 
Quote from theBuzz:

Apex is the only one worth to follow - oscar is only good for the first two hours after 8:30am and must improve his targets -too far and unrealistic- agree with Lance on that one - is a '"No Brainer" - brucelee needs to get a better education-agree
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LOL, and exactly what do you bring to the table?

It's posts like yours Porgie, or whoever you are, that dissuade others from contributing much more of anything to the thread which is going to be of value to the noobs (who require a lot of attention and spoon feeding).

For the more experienced traders, it's always going to be pretty obvious what anyone is doing at any point in time after a few trades, and how to make best use of it.

Jimmy Jam
 
Quote from JimmyJam:

In fact, the more I study it, the more I think a trader might actually be better off having a Scalping Account (to take advantage of the small, $100 trades, providing monthly income) & and a Position Trading account (designed to capture the larger moves, providing the yearly bonus, since you don't get one if you're a professional daytrader, but you sure do deserve it).
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Great overall post JJ! In regards to the above snippet of your post, I have been slowly coming to the same conclusion. I am looking at trading 1 system that is pretty much a day trading type system and I am currently trading another one that is more like a short term trend following system (1-3 days hold maybe on average). I find that I can get a long signal in one while already being short in another and it makes my brain hurt trying to figure out what to do. Setting up another account would allow me to work both. I know some would argue against this for some valid reasons but for me this may be the way to go. My other thought is to trade the ES with one strategy and ER with the other (or some similar arrangement) but I'm not sure that is really what I want to do.

It's good to know that I am not the only one that is thinking this way.
 
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