ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Long ES at 1373 and long 2 NQ at 1893.

Stop is at 1370 on ES, and 1862 in NQ.

I expect them both to be up tommorow.

BTW, that gold chart is a bearish disaster. I am short gold from 930, and about to add another contract.
 
Quote from iloveoptions:

Exactly. But better yet, why not prove it. Put those theories to the test in front of everyone to see. The way I see it, Volente picks a lot of those 10 point moves but you rarely know where his stops are, so you have to be creative to figure them out yourself. On the other hand, B1S2 goes for the big moves but gives a lot of it back. For example, it took some 3 months to capture some 100 points, which comes out to about 1.33 points a day. Each strategy can yield spectacular profits with the right conditions. However, since the ES behaves in an oscillating fashion some 66% of the time, the daytrader has the upper hand but with more difficulty due to correct stop placement and R:R. Since B1S2 is already long from 1388 with a clear defined stop, there's no better time to prove each others theories than now.
More...

If you follow my trading , you would know that I never risk more than 3 points on any trade.
 
Quote from Buy1Sell2:

The rule generally produces insignificant profits. When the rule of 10 signals and the result is a larger profit, it generally coincides with other technicals that are pointing to the larger gain. Thus, the rule can be discarded in my view.
More...


Discarded ? I made at least your age in ES points since last night. How much did you make on that 1388 long today ?
 
Quote from volente_00:

90% chance you get stopped out between now and 10:30 tomorrow.
More...

Not agreeing or disagreeing, but just wondering how you got that stat? I've recently been backtesting how a gaps up/down along with the context (previous 2-3 days action) effects the days direction. I found some cool stuff... I'm sure nothing a seasoned trader doesn't instinctively know, but interesting none the less.

ES chart is a little less easy to read, but for NQ, a gap down would give a high probability for continued selling.
 
Quote from volente_00:

90% chance you get stopped out between now and 10:30 tomorrow.
More...

Man, you're so generous and sweet that you gave B1S2 a measly 10% chance that he'll be right. Can't you at least give him a 25% chance so he can sleep the night better?? LOL.
 
Here is the doozy of a sell zone I'm waiting for on NQ if anyone is interested...

1955-1965 looks juicy... so much confluence from both daily levels AND the hourly charts... awesome R/R from this level :D
 

Attachments

Quote from tommymoose:

Here is the doozy of a sell zone I'm waiting for on NQ if anyone is interested...

1955-1965 looks juicy... so much confluence from both daily levels AND the hourly charts... awesome R/R from this level :D
More...

Thats a sweet spot indeed tommymoose. I also like the 1360-1350 zone to go long ES options.
 
Status
Not open for further replies.
Back
Top