ES Journal Archive (2006 - 2008)

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I wasn't warned

Also the eggs were undercooked and my newspaper wasn't folded properly.

Finally you failed to iron my "shorts".

As Donald Trump AKA "Mr. Helmet Hair" would say

"YOUR FIRED"


:D
 
Quote from steve46:

The attached chart shows the rollover of the $ADD and the confirmation I would be looking for at 12:25 PST.
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Steve, why do you find the $ADD helpful? Your chart makes it look like a precisely coincident indicator, not a leading one. What does it tell you that you could not derive from the ES price action alone?
 
Quote from apex82:


Looking to get out of longs 1521-1522 and go short for a 30 point decline with a 1.5 stop. If stopped out then will reenter in the 1538-1540 area.

Nice trade
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After I read that this morning I placed an order to sell at 1522 and went to lunch. :D

Then I came back from lunch and canceled the order before leaving for an afternoon appointment. Wouldn't have gotten filled - high print was 1521.75.... but sheesh anyway! :eek:
 
Quote from my2cents:

Stevie-

Sorry, It's just that I've never quite figured out how to iron panties. What Temperature setting do you use?

:D
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VERY very low temp..:D They're satin you know...Now where did I put my current trophy wife? She's a model you know. I left her in one of my homes, posing for the cameras. I am pretty sure she is still where I left her. One of you guys go and get her, and hurry, those supermodels die if they are fed on time!
 
Quote from mbusch:

Steve, why do you find the $ADD helpful? Your chart makes it look like a precisely coincident indicator, not a leading one. What does it tell you that you could not derive from the ES price action alone?
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My first answer wasn't correct.

Look, what matters in my opinion, is what you look at, when you look at it, and how well trained you are in terms of being able to synthesize a direction or signal from the data sources.

I chose very carefully what to look at, I was well trained, and I try (thats the real challenge) to keep a disciplined approach during RTH. If you don't......you miss signals

This is a competitive game...and I intend to win most days. This is why I am often "not here".

I use the $ADD line (not candles, not bars) for convergence/divergence, and because I can interprete that movement in a way that brings money into my account. I try to look at it as just one piece of the puzzle.

A few days ago I mentioned that looking at that data point I could tell that "other" timeframe participants were entering the market late (just before the close) to position themselves for the next day and/or to move inventory. It is this kind of analysis (when I am right) that gives me the confidence to move size when I see a nice opportunity.

Hope that helps
Steve
 
Certainly overbought here, but there is no clear sign of reversal on the daily. I would like to see more of a flattening of the 20 MA coupled with a nice reversal bar. Yes, there has been a negative divergence although it doesn't just jump out at you, the way I prefer. Also, I recognize that we had a lower close than open today. Bottom line--That's why I bought puts as protection. :)
 

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