ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Quote from jagmot:
For the overnight session I will be moving my stop out to the 1415 (catastrophic stop). I'm watching the 240m and daily for any bullish signs and may exit this short position later tonight.
Nice to ride a trade with b1s2
What will you be looking at on those charts?
Since I only watch RTH the D appears different to me than it does to you. I think this is why I almost solely trade "slant D's". However the signals are very similar- what looked like a triple on the 15 to you looked like a very nice slant to me.
I had an amazing first half of the day. Second half of the day consisted of me taking ultimately just churning my account and giving back 1/3 of what I had made in commissions :eek: Once I realized I lost touch and the right mindset for the day I shut'er down and took a nap. Giving back hard earned gains through undisciplined trading sucks.
I'm glad to have this volatility back though. I'm looking forward to doing some analysis tonight and taking on tomorrow with a clear head again.
Histogram is an amazing indicator, one glance over a chart shows its true powers, what's more amazing is that it is dual latency based indicator, though it provides so much information in such basic of visual forms. I know there are a lot of price only traders around & people say indicators are for amateurs, no edge, etc. But I plead to people's rational by asking them to just look at a chart with histogram & tell me how it is that indicators are for amateurs when histogram provides so much information as long as at least 2 rules are applied
1. Buy Low, Sell High
2. Use smart money management
You couldn't be more right JSS. Let the majority of traders think that a derivative of a derivative of price cannot be useful... more inefficiency for us 
I find that if I want to jump counter-trend when a zone of mine is approached its an excellent way to "time" when to fade the buying/selling. Its easy to get carried away thinking "that was the last drive, I don't wanna miss the reversal!" but until I start to see the 1-min histo sloping towards zero, momentum hasn't slowed, and theres no trade.
I find that if I want to jump counter-trend when a zone of mine is approached its an excellent way to "time" when to fade the buying/selling. Its easy to get carried away thinking "that was the last drive, I don't wanna miss the reversal!" but until I start to see the 1-min histo sloping towards zero, momentum hasn't slowed, and theres no trade.
Quote from JSSPMK:
Histogram is an amazing indicator, one glance over a chart shows its true powers, what's more amazing is that it is dual latency based indicator, though it provides so much information in such basic of visual forms. I know there are a lot of price only traders around & people say indicators are for amateurs, no edge, etc. But I plead to people's rational by asking them to just look at a chart with histogram & tell me how it is that indicators are for amateurs when histogram provides so much information as long as at least 2 rules are applied
1. Buy Low, Sell High
2. Use smart money management
For the overnight session, I am watching to see if RSI bottoms out in order to get out of my short position. When I posted previously, it looked like RSI was bottoming out on some different time frames. Not so much now...
Agreed on MACD Histogram. Before I joined the board, I never used MACD or Histogram (or knew what it was for that matter). I only added it to my charts because of many people discussed it here.
Now that I've been looking at it for a while and in review, seeing RSI and MACD formations line up can be very beneficial.
hi... What is Histogram. Is it MACD ? Thanks
Quote from JSSPMK:
Histogram is an amazing indicator, one glance over a chart shows its true powers, what's more amazing is that it is dual latency based indicator, though it provides so much information in such basic of visual forms. I know there are a lot of price only traders around & people say indicators are for amateurs, no edge, etc. But I plead to people's rational by asking them to just look at a chart with histogram & tell me how it is that indicators are for amateurs when histogram provides so much information as long as at least 2 rules are applied
1. Buy Low, Sell High
2. Use smart money management
Perhaps he realized the power of rule of 10.
:eek:
- Status