ES Journal Archive (2006 - 2008)

[Spooz Top]

Quote from dmartin:

That's precisely the point as you are no one else has any idea what the methodology is. It's silly at best to say I'm going long here, short here, my stop is here without explaining a premise. Otherwise, its appears to be just a big guessing game.

i would`nt say it`s silly or wrong to mention a trade/stop setup without an explanantion.......as it`s that persons decision to do so if he chooses to share with the rest of us for illustration purposes......so be it.

i myself am not giving out certain things anymore in real time due to personal reasons.......but whomever does contribute anything should be given thanks & NOT criticism as it`s nobodys obligation to help anyone here......this really is competition amongst us all no matter how one slices it.
most here have no idea how fortunate you are to have this info logged in this thread & for pros to share with you......when i started out a thread like this was unheard of with many brokerages not even knowing what the hell an e-mini was let alone a futs contract..........bottom line is appreciate what you have because you are all fortuante to have your learning curve cut in 1/2 for you here thanks to random acts of kindness from strangers that give freely instead of learning thru only blood,sweat & pain called the learning curve.

 

[kinggyppo]

Looks like a short term double top at 1343 esm08. I think that echoing other's comments that I the only really important thing that's changed in my trading is the ability to deal rationally with drawdown. That said buy1's methodology is not for everyone. Personally I hate drawdown and consider it the enemy. I think his way of trading like all the great trend followers takes great conviction. Good trading.

 

[princessa]

Quote from Spooz Top:

this type of shit is hysterical............the mere fact that a kid is informing/critiquing an experienced trader on what he "should`ve" done.............i may not agree with most here on their decision making process but far be it from me to judge them as i have no idea what their methodolygy consists of....just as pekelo has no idea what it is that b1s2 is actually doing here.
his scale of a trailing stop is wider than most & only captures something close to a macro move.
one can take 500k traders & put them in a room & decipher 500k different mindsets/methods of operation.......as long as they are profitable & are able to execute "their rules" to fruition.....whom has the right to judge?........it`s these types of posts are the ones that remind me i`m in romper room here ,aside from a select few.
one should be greatful that their are so many different minds/styles at work here to learn from......rather than criticize,kick back & learn & listen as their are hidden gems to be found here & if one is busy typing their smack....they are not picking anything up.

amen again....

 

[Chuck Krug]

oil is dropping of a cliff

 

[smilingsynic]

then his constant comments about "they" and "them" and "games they play"

makes me wonder.... [/B]

No doubt, there are games being played, but sometimes it is difficult to figure out which game is being played.

This whole game is fueled by money, and the whole purpose is to take from others. The easiest way to do this is to make the weaker players be controlled not by reason, but by emotion, so they end up buying when the news is good and prices are high, and selling when the news is bad and prices are low. The stronger players--"they"--are not some backroom syndicate, but rather those players who understand human nature and take ruthless advantage of the weak players.

 

[brkmarket]

I have to agree with you on this...I was initially impressed but the lack of follow through on "losing" trades and no updates when a position goes against the core trade has to get you thinking......no offense to Avarus but even a broken clock is right twice a day....

I like the folks who post here that aren't afraid or ashamed to take a loss and post it here...

Perhaps this Avarus is the real deal but he's also the one that wanted to charge people for a room....and thats another story in itself.....

Quote from CPTrader:

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Quote from avarus:

I have a short-term target here of 1312 for longs.
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Quote from avarus:

1200 still out there as target for shortside.
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I too can't reconcile these two posts and many other posts.

Initially, I liked avarus for his knowledge and wit.....but he seems to play it both ways...."black" and "white"

then his constant comments about "they" and "them" and "games they play"

makes me wonder....

 

[avarus]

Quote from smilingsynic:

No doubt, there are games being played, but sometimes it is difficult to figure out which game is being played.

This whole game is fueled by money, and the whole purpose is to take from others. The easiest way to do this is to make the weaker players be controlled not by reason, but by emotion, so they end up buying when the news is good and prices are high, and selling when the news is bad and prices are low. The stronger players--"they"--are not some backroom syndicate, but rather those players who understand human nature and take ruthless advantage of the weak players.

Combine the above with Buy1Sell2's method. Great stuff.

 

[smilingsynic]

On an intraday basis, ES is in no man's land. Which is coming first? R1 or the pivot? Attempts at both have failed so far.

This is typical action after a trend day.

Looks like a retest of morning highs is coming.

 

[avarus]

Quote from avarus:

Combine the above with Buy1Sell2's method. Great stuff.

My last post. Short above 37. All the best. Thanks for the free room and board B1S2. All the best.

 

[Allen3]

Quote from mbusch:



The 1343 swing top (if that's what it turns out to be) is very close to a trendline touch on both my weekly $SPX and daily ESM charts. The next obvious topping point on the weekly (from both an S/R and TL standpoint) would have been sligtly north of 1400, and even a rise to that level could keep the bear trend intact.

Ignoring price levels for a moment: Does this (less than 5 months since the highs) not seem an awfully short period of time for a bear market to have run its course? Isn't it a little early in calendar time to be looking for the bull to awaken?

I'm thinking a bounce off the weekly trendy moving averages at the 1380 to 1400 mark on the cash likely. Things for me have definitley moved to the down side. I'm looking for the market to bounce it's way down from there. Could be wrong but the history is there for this to be a bracketed trading market for a long time. The market would have to put on a really good show in the next 6 months for me to believe that the grand bull market of the last decades is still alive.

JIM