ES Journal Archive (2006 - 2008)

[Wittgenstein]

Quote from avarus:

And that is only one way to trade or invest. But it works and works well and one of the lowest risk ways to trade and catch the runs.

Sounds good. Could you tell more about this trading method?

 

[vertigo3]

avarus,
Please excuse my ignorance.
What does ICE stand for, you are not talking about the Intercontinental exchange.

 

[avarus]

Now beware that your basically playing breakouts breakdowns, so you will always get a pop in opposite direction. Keep stop out of noise and should be fine. ICE is a Wyckoff term vertigo.

 

[Sponger]

Quote from avarus:

Now beware that your basically playing breakouts breakdowns, so you will always get a pop in opposite direction. Keep stop out of noise and should be fine. ICE is a Wyckoff term vertigo.

Trap the trade

 

[apex82]

Quote from apex82:

not the candle I wanted... but you dont always get what you want

presently short for a 20 pt drop entry at 1421.75 stop 2 ticks above the high

this one will probably need a reentry... hard to get a short on days like this.. but the R:R is good

out target 1 at 1463 entry was 1471.75 typo

BE stop looking for 1456 and possibly 1450

 

[Spectre2007]

value at the 60 minute trendy break... 1440..1450, everything else is garbage.

1390-1490-----> 1440 is 1:1 R:R

 

[mbusch]

Quote from vertigo3:

What does ICE stand for, you are not talking about the Intercontinental exchange.

<a href=http://www.hankpruden.com/MTWyckoffSchematics.pdf>This</a> will tell you all you need to know.

Wyckoff springs (bottoms) and thrusts (tops) are false-breakout formations. Adherants talk about "jumping across the river" when resistance is penetrated to the upside after a false breakout to the downside, and "falling through the ice" when support is penetrated to the downside after a false breakout to the upside.

 

[apex82]

Quote from avarus:

Now beware that your basically playing breakouts breakdowns, so you will always get a pop in opposite direction. Keep stop out of noise and should be fine. ICE is a Wyckoff term vertigo.

its the pop I dont like....... to much risk for me to know if Im wrong.

I like to get in at the exact high and the exact bottom..... that way I know if I am wrong right away. Just my preference...

 

[avarus]

I agree apex, and your way is the least risk probably, but will take more trys to catch the turn. Both work well.

 

[Sponger]

Quote from mbusch:

<a href=http://www.hankpruden.com/MTWyckoffSchematics.pdf>This</a> will tell you all you need to know.

Wyckoff springs (bottoms) and thrusts (tops) are false-breakout formations. Adherants talk about "jumping across the river" when resistance is penetrated to the upside after a false breakout to the downside, and "falling through the ice" when support is penetrated to the downside after a false breakout to the upside.

Thanks for sharing