ES Journal Archive (2006 - 2008)

[JSSPMK]

Quote from storm121:

heh.

if we gap down this morning I will put all I have into this market.

these prices are ridiculous down here.

LOL

 

[Buy1Sell2]

Quote from callmate:

JSSPMK

Thank you I use 5 min ES chart mainly but have started looking at lower time frames to enter trades. I am very keen on volume
( Hershey ), which is very difficult to detect AH when price moves on such light volume. I can't work it out how price can move so fast with so few contracts trading.

Volume is an indicator that is too subjective to be useful. I ignore it. Price can move with very little volume. Price doesn't need volume to move.

 

[volente_00]

T day crew may be looking for revenge after Tuesdays a$$ whipping.

 

[Buy1Sell2]

I suspect that in bear markest, the T day crew forces prices down instead of up. Are there any stats on that?

 

[storm121]

the next 31 hours will be interesting.

I have evidence that we rally strongly from this mornings open into the close friday, with a possible gap up on monday.

Im a big buyer here at the open.

 

[volente_00]

Quote from Buy1Sell2:

Volume is an indicator that is too subjective to be useful. I ignore it. Price can move with very little volume. Price doesn't need volume to move.

But it does need volume to stay, without the volume confirming you will just get reversion back to the mean.

 

[volente_00]

Quote from Buy1Sell2:

I suspect that in bear markest, the T day crew forces prices down instead of up. Are there any stats on that?

Ask them how many shorts they murdered in 00-01 on the short cover rallies that killed even the pros.

 

[avarus]

02-07-08 08:47 AM

a 1320 breakout is being setup.

-----------------------

all aboard.....

 

[JSSPMK]

Quote from JSSPMK:

Long 1317 off 1

-1.75

2 &3 prepping for upside ImO

Long 1315

C'MON!!!

3 min ready for buyers to stet up ImO

Scaled out +1.75

8.40 of course anything may happen, though 1,2,3,5 min charts suggest staying long ImO

Setting up IHS, hold or fold?

1/3 +12.5

 

[smilingsynic]

Volume is an essential indicator for short-term and intraday trading. After all, this is an auction market governed by the laws of supply and demand, and these laws cannot be understood without looking at volume.

Volume is less important the longer one goes out. Long-term traders might not need it all.