ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

http://www.screencast.com/t/TKrQvh8F0Gz

it takes forever to render, would do more if it didn't take so long.

mostly Rammstein music in the background.
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Some important things in trading:

1) Intent
by watching the tics you should be able to get a feel for what the underlying players are intending to do, or which is the immediate vector at any given time. Another way to do it is paint a linear regression channel of a certain number of bars, and track the slope. But this is just too complicated, its easier to just watch for the tic movements, jumps..


2) gross indicators of risk
- trendlines
- moving averages
if your not following the indications of the moving average crossovers or violations you can only get away for it so long before your leverage takes you out. If your playing with 'house' money then you have more room to play.

3) trading during opportune times
trade only when conditions meet slippage, meaning with intent comes slippage in price or volatility, you will be able to sense the conditions with your gut. Usually lunch time trading is not worth it unless its reversion to mean trading.

4) put in a concrete daily limit stop, meaning if your losses hit a certain percentage amount of your net worth, shut everything down for the day and live to fight another day.
 
Thank you...

Quote from Spectre2007:

Some important things in trading:

1) Intent
by watching the tics you should be able to get a feel for what the underlying players are intending to do, or which is the immediate vector at any given time. Another way to do it is paint a linear regression channel of a certain number of bars, and track the slope. But this is just too complicated, its easier to just watch for the tic movements, jumps..


2) gross indicators of risk
- trendlines
- moving averages
if your not following the indications of the moving average crossovers or violations you can only get away for it so long before your leverage takes you out. If your playing with 'house' money then you have more room to play.

3) trading during opportune times
trade only when conditions meet slippage, meaning with intent comes slippage in price or volatility, you will be able to sense the conditions with your gut. Usually lunch time trading is not worth it unless its reversion to mean trading.

4) put in a concrete daily limit stop, meaning if your losses hit a certain percentage amount of your net worth, shut everything down for the day and live to fight another day.
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Quote from JSSPMK:

Tom, I think we were seeing same things pretty much :)

P.S. + wedgy p/a as well, forgot to annotate

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1869902>
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Yep, that was one of my winners for the day...

butting up against the overhead TL along with MACD on 1 and 3 min divergence. My charts aren't open right now to check, but I also believe it might have been a measured move target... i managed to catch that one 2 ticks from the high! :cool: haha

Great minds! (I wonder who helped teach me how to trade these?) :p
 
Vol,

trading price action.

Trading price action is similar to driving a fast car blind. The moving averages and trendlines are like guardrales on the road, they keep you on the road and moving in the direction of the road.

We can't know what the future direction of prices will be, but second to second tic intimations can really be the only immediate indicator of direction.

There is a lot of micro structure within tic charts, if you take a tic print, it has a high and low, the next tic will violate the previous bars high and low, if the low keeps getting violated or the high keeps getting violated in a series, then you have 'intent' and direction. The more emotion at any given time the more slippage those tics have with the next tic print, thus you end up have range expansion.

Quiet days are abyssmal for me, since the tic violations don't create enough slippage to be profitable.

Just a little bit, that micro tic structure created the macro price structure in the multiple time frames. Violations around support and resistance implies more players the average stopping out or money changing hands.
 
Quote from elovemer:

possible thrizust ... to get em to go long... maybe
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elo i don't know what a wolfe wave is but that is definetly a megaphone which is bearish, although the artist always has his choice of which lines to denote
 
it seems as if the 10 year note future and ES (emini SP 500)...move exactly opposite to one another...when ES is soaring, 10 yr is tanking and vice versa...is this theory correct?...when one is bubbling up or down...the other is about to reverse...do you trade off of this and note this or?...like to start a discussion about this...been tracking it...what have you found?
 
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