ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from steve46:

Luck isn't my idea of a robust strategy either

Longer term ma's show support for longer term moves of several day's duration (depending on the length of the ma)

They are useful because they show you where a move was supported by what I call "other timeframe" participants. These are generally size players who support a move by identifying value and comming in at the extremes. If not for those folks there would be no follow through.

The trick is to understand WHO is watching longer term ma's and to know how to use the data.

Probably a good idea to research this prior to trading it.

Steve
More...

yes, YES i agree completely with everything you say, but here's the thing that's MAKING ME NUTS....

Sure, the trick is to understand WHO is watching longer term ma's...but now i'm wondering, are we looking at the same mas? i mean, the 50 d sma is supposed to be a kind of benchmark. And there's no easier calculation. But here I am, assuming one thing is the 50d sma, here's another guy, saying it's another thing....then someone else says, "figure it this way."

I'm sorry, am I making a mountain out of a molehill here? I understand that markets aren't to be measured with calipers, but if there is no agreement on certain so-called "objective" benchmarks, then do these benchmarks have any validity.

Thanks for everyone's patience as this newbie puzzles out a condundrum that, I'm sure, most folks have figured out long ago...
 
Quote from Spectre2007:

greenie squawks in 30 min. =}
I'm very bullish on this market, historically its one of the best times in a long time.
More...

Hi Spectre;

Just wondering if you have always been a news trader? And why would you consider Greenie as macro? At best, imo, he's micro and has minimal shortterm impact. He becomes a "reason", a soundbite, for some to play out a previously pre-defined plan. Greenie has zero macro affect, imo.

Osorico
 
greenie is just an excuse like anything. but its always best to let the countertrend playout. what's important to observe is how the intermediate/short term sentiments shifts with news events.
 
Quote from steve46:

I am long above 1520 with a tight stop
More...

Gap fill, ES & YM, is my target. Then it's time to rethink the rest of the day, imo.

Osorico :)

EDIT:
ES & YM gaps filled. Flat. Wait, watch, and re-eval. :)
 
oscillation of emotion, when the worst fears are realized, that information that caused the initial fear looses value. eventually the oscillation reverts. and greed sets in.
 
Status
Not open for further replies.
Back
Top