ES Journal Archive (2006 - 2008)

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That was weird. At 1:01 pm I was filled at 56.75 buying SDS but my charts show low trade in that time period was 56.76. Only 100 shares, but strange.
 
volente........remember when once upon a time a man told you to watch those 9 oclock turns for entries.........wow.....for the millionth time it did it again.....super high percentage stuff....pm vol...wish we could get joey on chat some night......you guys have fun....am on anekdoten's journal now......just for love of business...and he is nice guy......
 
Quote from mbusch:

For those who care, I just liquidated my holdings in QID (double-short NASDAQ ETF) for a lovely profit in my IRA. Decided to carry my SDS (double-short S&P 500 ETF) over the weekend--it's up huge, and I like its price action a lot better than QID.

SDS made a new high today. QID didn't.
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MB...what do you mean by "double-short"...in relation to the fact that SPY or QQQQ would not be "double long"...what am I not understanding?..thanks!
 
vol that is not reversal but a minor retracement with the trend...you are correct it is reversal if teenie chart trading..minor retracement still in up trend...the 9 move was move out of chop at bottom and is low of day....gave perfect hammer signal to enter a buy low position and ride the run 45 degrees up for big money 1 contract....my hammer was bottom yours was trend pullback....see the difference? then there are those who say there is no such thing as trend. ...identifying trend is important....market is in trend at all times...some are horizontal they make money also....just require different strategy.......trend is your friend buy dips sell rallies....learn where the safe stop points are ....learn which candles are valuable, most are not......market can only run or chop end of story...even kiss of death and 8:30 little friend........best advice a good trader of 22 yrs experience in futures trading gave to me was "forget about times, trade your signals"......all of above is for intraday eminis...find a time frame that is best for your system..perfect it...
 
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