ES Journal Archive (2006 - 2008)

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you ,apex and avurus are good mrkt callers..thanks for sharing ........got a feel for monday, i got caught short on the close
 
Quote from Spectre2007:

something interesting happened, on the 26th... it could just be coincidence. But a buy signal was generated for 27th on most world equity indicies.
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Hi Sprectre

If it's possible could you elaborate?

Thanks. Impressive numbers btw...:)
 
Quote from Optionpro007:

Hi Sprectre

If it's possible could you elaborate?

Thanks. Impressive numbers btw...:)
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I have system that filters out price action using EOD data, going back to the origination of the each futures contract. It merges the contract futures files using different methods. About 50 or more derivatives are tracked.

But each day signals are generated with stops. Its been a long time since a broad equity signal was given by this system. I just found it very coincidental, that the next day a rally/short covering/situation started globally.

If I went into more detail, I would be giving away the system. A small part of me believes that very large pools of money look at the same things and come to the same conclusions about a given market. Given the historical evolution in trading methodology and risk/reward.

But it all boils down to where the market opens the high that is set and the low that is set and its close. And given a summation of this over months and years, biases develop that offer the best R:R situation. But even when these biases get set, market forces can shift them in a short timespan, and drawdowns in positions occur. Whether the drawdown is the start of a shift in trend change or just momentary retrace has to be deciphered. For example a Nikkei sell signal was generated a couple weeks back. And the stop generated was hit this past week. The stop was idealized for almost every market. By the stop being hit, it doesn't mean a trend change has occurred. It just means the systems tolerance was hit for that derivative based on price action.

Systems segregate pools of money. And in essence generate the same stops. So globally there may be a certain sum of money following a certain methodology and optimized with the same risk tolerances.
 
Quote from Spectre2007:

So globally there may be a certain sum of money following a certain methodology.
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Thanks. Agree completely. I see it too but in a different scale. Have to run but will be back later.

Cheers.
 
here is food for your thoughts.........firstly there was an undeniable hugely clear screaming up on the 26th...no secret system there....secondly the 27th was about as much down points as up if one understands buy and sell have same value, just most have a bias to the upside...especially those who trade stocks or own stocks...this was originally an intraday forum.......intraday has whipped all comers so now is combo of the moment....ooooppsss will hold this one overnight type trading...........right , volente, romik?
 
Quote from ammo:

friday was last day of calendar year for gsax,run em up and sell em, take profits for the year
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...and thats what they said last year. Lets bloody this christmas rally...fingers crossed :D
 
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