ES Journal Archive (2006 - 2008)

[riaamaan]

Quote from riaamaan:

Short NQ 1992.25
SL 1996.25...for now.

stopped myself out at 93.50. Expected PA did not follow through as it should have.

 

[iloveoptions]

Quote from fearless9:

Well, here is a thought for you ...not a rule but a thought to mull over.

From each selected entry point there are three likely outcomes.

... win
... go nowhere for a while.
... loss

If you do your homework correctly with ES you can ensure that your entry point falls into the first two categories 90%+ of the time.

regards
f9

When the market insures the final outcome, nothing can be "insured". Perhaps you can prove otherwise over a few hundred trades in this journal to validate your theories?

 

[riaamaan]

Quote from MandelbrotSet:

Alrighty! "R" has a dog in the fight ... but dude, why are you shorting a bottom reversal?

I was looking for a larger retracement to the high 1970's low 80's area. My system was setting up for a second leg down, but the follow through didn't happen, so we quickly get out of the way and wait for the next setup.

I'm OK with losing so long as it's a trade that meets my system requirements.

 

[MandelbrotSet]

Quote from riaamaan:

I was looking for a larger retracement to the high 1970's low 80's area. My system was setting up for a second leg down, but the follow through didn't happen, so we quickly get out of the way and wait for the next setup.

I'm OK with losing so long as it's a trade that meets my system requirements.

Fair enough.

 

[fearless9]

Quote from iloveoptions:

When the market insures the final outcome, nothing can be "insured". Perhaps you can prove otherwise over a few hundred trades in this journal to validate your theories?

Fair enough.

It is never my intention to bend your mind or anyone else's mind for that matter.

regards
f9

 

[MandelbrotSet]

Quote from fearless9:

Fair enough.

It is never my intention to bend your mind or anyone else's mind for that matter.

regards
f9

LOL, I was going to post and say you don't have time for such nonsense, but you did me one better.

 

[kinggyppo]

Quote from fearless9:

Well, here is a thought for you ...not a rule but a thought to mull over.

From each selected entry point there are three likely outcomes.

... win
... go nowhere for a while.
... loss

If you do your homework correctly with ES you can ensure that your entry point falls into the first two categories 90%+ of the time.

regards
f9

There are really only two patterns continuation or reversal, or
"there is less to trading than meets the eye".

Today there is a double bottom on spy at 10:00 and 10:40 am. market heading north, will it continue or reverse?

 

[fearless9]

Quote from MandelbrotSet:

LOL, I was going to post and say you don't have time for such nonsense, but you did me one better.

hola Senor,
It all reminds me of the fable about the horse and the trough of water

regards
f9

 

[tommymoose]

Resistance at 1404.50-1405 ES and this area on NQ... lets see if we get some synergy.

 

[tommymoose]

Taking a shot at this zone... low risk... Short NQ 1996.75 stop 1998.25... target 1993.75

...2 and 3 min D closing, 5 on its way...

and covered 1993.75 for +3