ES Journal Archive (2006 - 2008)

[volente_00]

Can someone please define what tlnw consist of ? Are all fluctuating market positions excluded from this definition ?

 

[Brucelee]

Quote from pev:

I think he's being sarcastic Bruce. I also shorted from 1412 and out @ 1410

Yeah, I should have realized that after reading some of the posts on here.

 

[volente_00]

High probability the top for the week gets put in today at ~ 1417 - 1421

 

[tortoise]

Quote from blaster1:

Because rule of 10 doesn't work .
And to be exact, the run up was from 1401.50.

do you take all rule of 10 signals? or do you apply additional filters?

If no filters, then why didn't you take the rule of 10 short off 1409.50 (roughly 10 points from 1398.75 overnight low)?

 

[volente_00]

Quote from Brucelee:

Yeah, I should have realized that after reading some of the posts on here.

Actually I was just trying to figure out what his reasons were for taking the trade. Posting the actual numbers gave none of that information.

 

[blaster1]

Quote from tortoise:

do you take all rule of 10 signals? or do you apply additional filters?

If no filters, then why didn't you take the rule of 10 short off 1409.50 (roughly 10 points from 1398.75 overnight low)?

I don't enjoy getting run over by a freight train do you tortoise?

 

[Pholeuon]

Blaster, it looks to me that trading is full of masochists.

 

[blaster1]

Quote from volente_00:

High probability the top for the week gets put in today at ~ 1417 - 1421

Do you expect run up today? I lean towards sideways action today and run up tomorrow. After that it's most likely downhill for a while...

 

[volente_00]

Quote from blaster1:

I don't enjoy getting run over by a freight train do you tortoise?

so you are saying when a eco number is coming out, you utilize patience and discipline and wait for a 10 point move to fade, regardless what the previous low for the night was, just as long as it was 10 points from a previous reaction low ?

 

[volente_00]

Quote from blaster1:

Do you expect run up today? I lean towards sideways action today and run up tomorrow. After that it's most likely downhill for a while...

I only trade what I see. If this bases off of 10 here then we are moving up for what I think will be a decent short entry and a high for the week. There is a correlation setting up that also make this more probable.