ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

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.
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Yeah, you're right, wish I could find a way to chart it

JJ
 
Expecting a bounce, possibly a retest, but I don't *think* so. If we get the bounce, I will be shorting. Regardless, unless bounce generates fresh HODs, I expect to be shortside only for the rest of the day.

Osorico :)
 
getting ready for a long here.....

1519.50 is lookin nice its the line in the sand so to speak so trades there offer the best risk/reward because you can cut the trade immediately.
 
Quote from apex82:

getting ready for a long here.....

1519.50 is lookin nice its the line in the sand so to speak so trades there offer the best risk/reward because you can cut the trade immediately.
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market breakinig below key zone.... expect fridays low to be retested

on sidelines do not see any high probablity oppurtunities.. just vertical spikes
 
Quote from skippy:

Yes, but here's what I find so freakin' disturbing....

I went long at 1513, based on two things....

1) strength metrics I've homebrewed, which made their appearances at...

2) what I thought (erroneously) was the 50 sma.

Now, obviously, the trade is working rather nicely. But what bugs the hell out of me is the "erroneous" part. "Luck" is not my idea of a robust strategy.

Think about it: You and I have completely different sma readings, and we're both using mainstream data source/charting packages. Isn't this faintly disturbing?
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But both readings are in the ballpark of their respective underlying, so they are not so different as they might appear.

now if you are backtesting on continuous data using ma's going back for a while, that can be highly unreliable.
 
Quote from osorico:

Expecting a bounce, possibly a retest, but I don't *think* so. If we get the bounce, I will be shorting. Regardless, unless bounce generates fresh HODs, I expect to be shortside only for the rest of the day.

Osorico :)
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nice call Oso :cool:
 
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