ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from vertigo3:

RsX,
thanks for the post.
What length or style of bar do you look at.
The reason I ask is because the shorter the bar length (time) the more likely you are to see some sort of consolidation or retesting of lows.
More...

To follow multi-day trends, I use 60min/30min candles, depending on volatility. Pullbacks in them - the intraday swings - are swings I monitor on 5min/10min charts. So these are the timeframes I have in mind, when talking about trends and intraday swings within multi-day trends. I monitor momentum strength and exhaustion on 1-3min charts, again depending on market volatility.
 
since apex has wandered off to regions unknown, I just wanted to remind everyone of something he posted just before the Jan employment report was delivered

-----------
I don't remember whether the following is a verbatim quote
<<
market has a high probability of rallying into the job report and then falling the week after.. do the stats. Its pretty amazing how accurate this is.
>>
end of quasi-quote
-----------

last month, (Feb employment report delivered on Mar7) there was no rally into the employment report, hence I assume little or no predictive value for the observation.

BUT, the prior month, (Jan employment report delivered Fri Feb 1) was right on. a rally into the employment report that was followed by a 3-day sell-off (sell off was Feb 4-5-6)

this info and a billion dollars would make me a millionaire.
 
What will we do with that huge up gap?
I was trading Eurostox 50 the move was so strong that I even to not remember.
Every slight pullback immediately bought, straight from DeMark low up to DeMark high.
I can not remember if I ever saw such bullish move by stoxx 50
 
Quote from volente_00:

I trade ES almost every night. The movement is usually pretty slow so you have to put in more time for fewer points compared to normal hours. Action heats up right around 3 a.m. est when europe opens. Not sure what time zone you are in but you usually can make some decent low risk trades fading the move that happens right at 3 est.
More...


26.5
15.75

No, rule of 10 does not work


:)
 
Status
Not open for further replies.
Back
Top