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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from avarus:
El market is building pressure folks. July 26th, 1200 was nonsense to most. Someone even asked what I was smoking.
That was seven months ago. El market is getting ready to turn again. 1560-90 for the bulls. Seven months from now will put us around mid July as well. I am not smoking, never have, never will.
ImO your work is awesome and nobody can deny your level of expertise in market oscillation cycles. The problem with longer term analyses is that majority of readers/posters on ET mainly have passion/ability to trade on shorter term periods.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1757498>
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Quote from avarus:
The Market
Thanks avarus.
A little confused by your predictions here.
it seems you've been targeting 1560/1590 since early Dec at least.
I also saw a post where you said "shorts target 1200s'.
Please clarify your past posts.
Please indicate what you see going forward.
Thanks,
rule of 10 signal anyone ?
:eek:
:eek:
Quote from CPTrader:
Thanks avarus.
A little confused by your predictions here.
it seems you've been targeting 1560/1590 since early Dec at least.
I also saw a post where you said "shorts target 1200s'.
Please clarify your past posts.
Please indicate what you see going forward.
Thanks,
Yes, it is based on a forecasting method based on a concept of why gaps get filled. Once a longer term forecast presents itself, any counter trend trade will look to hold to the forecasted price. It will go counter and hold untill trailing stop is hit or % amount risk reached. When neither of those two occur, usually the counter trend trade is for real and I will hold to where the forecasted gap is.
But this is not what trading is about, but it has helped me hold positions much longer. I still advocate Buy1Sell2's way of trading.
Quote from avarus:
Yes, it is based on a forecasting method based on a concept of why gaps get filled. Once a longer term forecast presents itself, any counter trend trade will look to hold to the forecasted price. It will go counter and hold untill trailing stop is hit or % amount risk reached. When neither of those two occur, usually the counter trend trade is for real and I will hold to where the forecasted gap is.
But this is not what trading is about, but it has helped me hold positions much longer. I still advocate Buy1Sell2's way of trading.
So in this case, what's the long term forecast, what's the counter trade, what's the counter trade target, what's the trailing stop, etc.
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