ES Journal Archive (2006 - 2008)

[Anekdoten]

The correct way to play the DBs is as follow:

Higher chance if situated at the LOD, that's the first thing.

Even higher if situated at a significant support area or if any other e-mini is doing it at a significant support area.

Once the two lows are marked on the charts, don't have to be exact, determine the swing high between them.

When you see a break out bar closing ABOVE the highest point of the mid swing, mark it's high and place a buy 1 tick above it.

Use a flexible trendline once the new trend develops to add on resistance becoming support confirmations or scaling out/stopping out when the new trendline is broken.

You can find more details on my journal.

It is the most powerful pattern in trading, even on a bearish market.

Anek

 

[Pekelo]

You silly muffin, before you try to discredit me, you should look at the chart:

Pekelo (Oct 17, 2007 10:55:18 AM)
by the way ADU time to go long

The low came 11:05 (lower BB touched) and if you know ADU timeline, you should know what to do. That call was good, if you held it as long as you were supposed to.

Pekelo (Oct 17, 2007 11:27:56 AM)
we still gonna have a high around noon, question is, how high

Another good call, top was 10 mins early, still you would have made 2 ES if you went long at this call.

etc.etc.

Now when I mention the existence of DB it is not my fault if it fails, is it? Oh yes, it must be my fault, I apologize....

P.S.:

Pekelo (Oct 17, 2007 11:04:46 AM)
I have bad news

Pekelo (Oct 17, 2007 11:05:04 AM)
looking at the daily it looks like we already almost got up to SMA 9

Pekelo (Oct 17, 2007 11:05:31 AM)
Dow pretty much touched it

Pekelo (Oct 17, 2007 11:05:44 AM)
and that was my upside target

P.S.S.: Talking about B1S2:

Pekelo (Oct 17, 2007 11:17:07 AM)
he is playing a losing battle

Pekelo (Oct 17, 2007 11:17:18 AM)
we will go back to his breakeven price

 

[fearless9]

Quote from Anekdoten:

The correct way to play the DBs is as follow:

Higher chance if situated at the LOD, that's the first thing.

Even higher if situated at a significant support area or if any other e-mini is doing it at a significant support area.

Once the two lows are marked on the charts, don't have to be exact, determine the swing high between them.

When you see a break out bar closing ABOVE the highest point of the mid swing, mark it's high and place a buy 1 tick above it.

Use a flexible trendline once the new trend develops to add on resistance becoming support confirmations or scaling out/stopping out when the new trendline is broken.

You can find more details on my journal.

It is the most powerful pattern in trading, even on a bearish market.

Anek

excellent explanation Anek.

Do you find that you are getting good fills at 1 tic above the mid sph.

regards
f9

 

[storm121]

Quote from Spooz Top:

see ya at 25/26.......this pig is done......

you were saying...

hmmm.Looks like your short biased self is done short term. Then 5 minutes later (after my post) you are looking for a 'pop'?Second time you have done that.

are u guessing or what?

no need to explain I wont read your commentary.I dont even know why I post here.

blackguard

 

[Buy1Sell2]

Looks like I am glad to have tuned out around 11:30 AM. As it turns out I am still holding those 4 contracts long at avg of 1554.00. No longer a daytrade I know, but I think I will hold them at least until the open tomorrow. The other long term positions--of course I am holding those. We would need to get below 1518.75 in a strong lasting fashion for me to get out of the longer term longs.

 

[JSSPMK]

Quote from storm121:

you were saying...

hmmm.Looks like your short biased self is done short term. Then 5 minutes later (after my post) you are looking for a 'pop'?Second time you have done that.

are u guessing or what?

no need to explain I wont read your commentary.I dont even know why I post here.

blackguard

BG, you are one pompous SOB ImO

Spooz, some of us know what's what, know what I mean?

This BG goes long with NO STOPS & takes profit for +6 gain, nice! He sure can hold it, know what I mean? DD around -7.5 and could have been more (no stops).

And BG, experienced traders DO actually see potential reversals about the same time, no? Or do you really believe that Spooz is chasing your call?

 

[Spectre2007]

Quote from Buy1Sell2:

Looks like I am glad to have tuned out around 11:30 AM. As it turns out I am still holding those 4 contracts long at avg of 1554.00. No longer a daytrade I know, but I think I will hold them at least until the open tomorrow. The other long term positions--of course I am holding those. We would need to get below 1518.75 in a strong lasting fashion for me to get out of the longer term longs.

holding too, got some great expansive fills below.

 

[Spooz Top]

Quote from storm121:

you were saying...

hmmm.Looks like your short biased self is done short term. Then 5 minutes later (after my post) you are looking for a 'pop'?Second time you have done that.

are u guessing or what?

no need to explain I wont read your commentary.I dont even know why I post here.

blackguard

thought you had me on ignore,Skippy?.........

i knew you could`nt resist my commentary.

as far as my pop call goes, i showed exactly "why" i looked for a pop...completion of the 30 min channel at 38....before we continued back down to 34.

seriously, are you patting yourself on the ass for taking a trade with no stop & letting it go 8 handles against you before you got bailed out?.......that is the clear sign of an amateur sweating bullets & finding religion real quick......LMAO

for those of you watching an amateur at work,let that be a lesson of what NOT to do.
trust me.....if we had closed on/near the lo`s & him being down 15 handles.....we would NOT have heard from him in a week as he would be licking his wounds in the fetal position.

the difference between you & i are simple......you are clearly an amtateur fronting as a professional...........& i do what you wish you could after all these years of getting buried like you just about did again today.......i seriously doubt you have anyone here fooled.

Now......my calls & observations have been nothing but dead on whether or not you like to admit it.........which is probably why you resent me so much.

Do you really think that my call was for 26 today after being down 30 handles already?????.....of course you come on now because we have a monster hammer on the daily......but what you have failed to admit is that i`ve maintained my short bias/topping pattern all the way down including missing the swing hi of 86.75 by 1 tic.....funny how you forget all that.

being that you have been the absolute greatest fade in the history of this site...........i`ll mantain my short bias...even in front of this monster hammer & say 26 before 87 retest........because of your track record & say you`ll go 4 for 4 on being the death knell for longs.
btw,i know you reading this...so don`t be bashfull,Skippy.

 

[osorico]

Quote from Buy1Sell2:

Looks like I am glad to have tuned out around 11:30 AM. As it turns out I am still holding those 4 contracts long at avg of 1554.00. No longer a daytrade I know, but I think I will hold them at least until the open tomorrow. The other long term positions--of course I am holding those. We would need to get below 1518.75 in a strong lasting fashion for me to get out of the longer term longs.

Hi B1S2:

I have a couple of questions for you. And a disclaimer... I ask out of respect, not disrespect. Many on this board Im sure are curious, but out of feeling "disrespectful", won't ask.

1) As a daytrade, why would you let those 4 contracts go 20pts against you? I think I saw you were looking for 6pts. As a daytrade, wouldn't it be prudent to minimize loss, even if lopsided 1:1.5 or 1:2, and put money to better use either by playing the opposing action, or just waiting for better entry in your expected direction? Now your daytrade has turned into overnite for failure to admit wrong. Do you need some trader-tuf-luv? Next it'll be averaged into your long-term position? I think Superfund will have funds available so you can buy a loss from yourself.

2) Similar to question 1, but regarding your longer-term position. What is the value of letting 50pts of profit evaporate? At one point today your position likely went into drawdown. Surely as a prudent trader, profit protection is in the game plan? The commission/overtrading argument just doesn't ring... forgo 100s or 1000s dollars profit to avoid a $5 or less charge per contract.

Osorico

 

[Spooz Top]

Quote from elovemer:

....one interesting thing i noticed today is that despite the drop ...
...trin was high .... and vix was net down
....also... daily stoch was very oversold tho we had not retreated that much since the high
....maybe signaling the recovery

...got in long but missed the 36 entry after signal was at 34
... i failed to take advantage of the break from rising wedge on daily chart.... which heralded the move to 35.25 .....will never forget this pattern

.... if we continue up from here ... the daily won't look quite so bad anymore ...... 52.50 puts us above the trendline i had drawn prior to the drop ... when hoping for an hourly change of trend to bullish
.... if we can stay above that trendline .... then i am changing to long bias.... i had been bearish because of the rising wedge and the diamond top and potential all-time double top
...next obstacle is to bust the diamond top ...... otherwise have to figure out where to get short
..... also need to break out of the down channel on daily

..... if this is a bull trend now.... the potential exists for an IHS to form with right shldr filling in the 50s-60s.... like the one that bottomed at 1453.50 on a similar flash drop/recovery

.....spooz.... what would be considered a negation of the diamond top (bottom at 56) ?
...thanks...
...respect...noob here

regarding the 60 min diamond........that`s a good question & difficult to answer because there is no clear cut PA that i can see ....but what i will say is that 60/61 is a key pivot & most likely the line in the sand.