ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from smilingsynic:

I am a NATURAL bodybuilder, ripped and pushing 40. If I could find a natural contest in my area I would compete in the tall masters class starting next year. In contests that are not drug-tested, I would not stand a chance. Weirder yet, I am a professor; when I work out in the university gym, students (including football players--Division II level) ask me for tips (bodybuilding, not stock). I love it.

Bodybuilding does wonders for the stress from trading. I don't think I would be able to trade without it.

I trade the ES full time in the summers and during the academic year in between my courses (I teach only during the dead zone--I have mornings and afternoons free). When I am in class I leave limit orders right outside current pivots. I miss some trades, but end up getting about three round trips a day.

I never thanked you for your kind remarks from last week. So thanks. :-)

ya, natural is best. i've watched competitions with naturals and with regulars. naturals are not as bulky, but look better overall, i think. moreover, it's better for the health and since the point is to look healthy and full of vitality, seems ridiculous to use a drug that breaks you down to accomplish a "fake" vitality.

with regard to trading, i guess most forms of strenuous exercise help with most forms of stress. running, kickboxing and competitive biking, for example, all help with stress because they require such focus of physical and mental energy to the task.

not sure how most people manage to live their lives without physical exertion. such a great stress reliever.
 
when ur system gives you ALMOST every money maker and filters the junk u might do okay if you can control the noodle.....the noodle and the stops don't play nice...every wannabe intraday trader who shows up here gets his keyster handed to him/her on a platter....so far...but the ones who love it and don't quit have a chance...attacking others won't improve ur trading...it all comes down to you and only you...this is not a team sport....be prepared to sacrifice a few years and it can happen...
 
Quote from princessa:

what is an rsi grail?
It's a divergence. A bullish grail occurs when the price makes a low with the RSI in oversold territory (<30), then makes a lower low with the RSI higher (>30). A bearish grail occurs when the price makes a high with the RSI in overbought territory (>70), then makes a higher high with the RSI lower (<70). Grails have a good correlation with turning points.
 
...market is breaking down a bit with open of european session.
...i am hoping that we can get out of overbought condition on daily chart....
maybe get down to 1450, 1420, close a few gaps.... then get long again :0)
 
Quote from elovemer:

...market is breaking down a bit with open of european session.
...i am hoping that we can get out of overbought condition on daily chart....
maybe get down to 1450, 1420, close a few gaps.... then get long again :0)
What overbought condition on the daily? Not sure what you're looking at. On my ES daily chart, RSI is presently 47.71 -- right in dead center between overbought (>70) and oversold (<30). Are you looking at some other overbought/oversold indicator (e.g., CCI)?

On my charts, RSI is oversold on the 15min and hourly, neutral on the daily and weekly, and overbought only on the monthly (which suggests a huge bear market perhaps 3-9 months from now).
 
Quote from JSSPMK:

Thanks for charts Mbusch!


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1583306>

JSSPMK with the third peak complete and divergences you expect more downside right? But you have drawn an up blue arrow???

Thx
 
Quote from BoyBrutus:

JSSPMK with the third peak complete and divergences you expect more downside right? But you have drawn an up blue arrow???

Thx

a headfake precedes expected p/a on many occasions, hence I drew an upward arrow, primary downside expected based on pattern, but not unusual to see short sellers to be squeezed first :)

It is longer term chart don't forget. Why 1500? It's an obvious resistance territory, 61.8% retracement level very close and I suppose from a psychological POV it is a weighted zone.

Taking all good short signals personally on small stops, currently short 1 lot in DAX off 2 minute chart's histogram formation. If indexes head higher later today on increased vola I will be selling potential tops on small stops (fade da news) :)
 
Status
Not open for further replies.
Back
Top