ES Journal Archive (2006 - 2008)

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Quote from apex82:

getting ready to buy here support at 1506-1506.25
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Nice... they did it again just barely missing my entry. I was able to get some on on a reversal entry but not nearly as big of a position that I wanted...


Looking for a move to test 1515.. it is almost there and then 1518 where I will contemplate a short position for a massive downturn in the market. Most likely wait for a bit of confirmation on the short due to the bullishness of this market.


US futures current positions....

Long es from from 1509
Short er2 into the close at 837
 
Quote from apex82:

Nice... they did it again just barely missing my entry. I was able to get some on on a reversal entry but not nearly as big of a position that I wanted...


Looking for a move to test 1515.. it is almost there and then 1518 where I will contemplate a short position for a massive downturn in the market. Most likely wait for a bit of confirmation on the short due to the bullishness of this market.


US futures current positions....

Long es from from 1509
Short er2 into the close at 837
More...

You do great work apex....great work. Just wish I better understood how you derive your levels.

I always enjoy reading your posts. I also respect that you call it live and take your hits as well as your misses like a pro.
 
Quote from princessa:
no indicator works 100% of the time.
comprende?
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All indicators work correctly 100% of the time.

It's the interpretation that's not 100%.

Just a different view :D
 
Indicators are definitely 100% accurate. They do exactly as they are told and process info exactly as they should. But they are not 100% profitable. That's where the human factor comes in and, hopefully, always will....lencho.
 
of course they work 100% if simply referring to what they do by definition ie a math based formula continuous calculation. But I disagreed with the perception statement by Keeper. Does he mean to say that exactly the same pattern should work every single time? I traded some perfect patterns from the technical standpoint and sometimes they failed, I don't agree that I misinterpreted a perfect example.
 
I only take PERFECT setups and for some strange reason I'm only right about 70% of the time. I agree with all that say there is not a perfect indicator, or even a combo of well-filtered indicators. That includes price/volume studies as well. All you can do is to search for the holy grail and have a stop loss in market...lencho.
 
Quote from BoyBrutus:

Correct me if I'm wrong, but in the case of the 1929 chart the weekly (2nd down)does not appear to give a divergence so no 'early warning'

Is this similar the the Feb/Mar 07 drop, though in that case we got the bounce and it was just a temporary correction.
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There are no indicators on this chart, so I do not believe there can be a divergence detected. However, the price action by itself here would dictate a clear signal to get out, so I feel there was plenty of early warning on these charts from 1929.:)
 
Quote from lencho:

I only take PERFECT setups and for some strange reason I'm only right about 70% of the time. I agree with all that say there is not a perfect indicator, or even a combo of well-filtered indicators. That includes price/volume studies as well. All you can do is to search for the holy grail and have a stop loss in market...lencho.
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One only needs 25 percentish and above to be successful. (It could even be less). Focus needs to be on cutting losses short and letting winners run. There is too much emphasis on being right. You don't need to be right to be wildly successful. There was a trader here earlier touting 90 to 100 percent winners. Those kinds of stats by themselves mean nothing. (What if the winners were all 1 tick and the losers were 10 ticks?)
 
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