ES Journal Archive (2006 - 2008)

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Quote from OldTrader:

But like jagmot, I thought the point was to post real trades, not paper trades.

OldTrader
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Nah, the point is to interact with other traders on a free bulletin board.

If we're going to get into the "rules" thing, that would be the wrong place to go, as B1S2 is constantly breaking his, but I try not to sweat him to hard, because he has given far more than good than bad in this place.

The point of trading for me is to make money, nothing else really matters that much to me, and I have never found a direct correlation between posting on the ES thread and my making money ... LOLOL some more. :D

Oh yeah, P.S. If you or jagmot or, really, anyone else don't like how I'm posting, feel free to not read it (I personally would be very grateful).
 
Quote from MandelbrotSet:

Short 1366.5
Stop @ 1369.5

Edit: ES remains in distribution mode, we'll see how far down this one goes.
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Closed this trade out at 1357.50 (just didn't have time to post it ... see what I mean? :confused: :D ).

Total pts of +3. :cool:
 
Quote from MandelbrotSet:

Nah, the point is to interact with other traders on a free bulletin board.

If we're going to get into the "rules" thing, that would be the wrong place to go, as B1S2 is constantly breaking his, but I try not to sweat him to hard, because he has given far more than good than bad in this place.

The point of trading for me is to make money, nothing else really matters that much, and I have never found a direct correlation between posting on the ES thread and my making money ... LOLOL some more. :D
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I agree that the point of this board is to interact with "other traders". Of course, I don't personally view a guy that paper trades as a "trader".

Now, before that remark upsets you, I'm not calling you a paper-trader. But I would definitely feel differently about posting here if I felt that everyone else was posting paper trades. I think we all know that paper trades, hypothetical trades, analysis, etc. is all different than a real trade.

OldTrader
 
Quote from vertigo3:

Smiling,
thanks for the explanations.

I personally look at performance of NDX (sometimes ER2) relative to the ES as a mental filter as to whether I should have more confidence in shorts or longs (NDX outperforming on upside, focus on long trades and vice versa).

NDX vs ES & ES opening price reactions. Today, NDX was outpeforming on the downside, open for ES finally broke down. Something I'll watch for the future (to see if NDX performance in anyway predictive of ES break.
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I too look at the relationship between the S&P and the Nasdaq, but I do not apply it to intraday days, but to swing trades in my IRA.

I wrote a profitable spread trading system a few years ago based on that principle. When the NQ is stronger than the ES, buy NQ and sell ES; when ES is stronger than NQ, sell NQ and buy ES.
 
Quote from MandelbrotSet:

Closed this trade out at 1357.50 (just didn't have time to post it ... see what I mean? :confused: :D ).

Total pts of +3. :cool:
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I think what is key is when people post information which may be beneficial to someone else, even if they do it later to explain a trade :)
 
Quote from Leonidas:

Thanks for the color coding, I've never heard of this accumulation or distribution stuff.
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It's the exact same thing as Supply and Demand. But saying it like that never made much sense to me ... hell it even sounds backwards (supply = selling / demand = buying). :p

The concepts of Accumulation and Distribution make much more intuitive sense to me, and I'm able to apply the concept immediately to the chart without thinking about "what it means".

Quote from Leonidas:

What did you see that made you think the market was distributing? Maybe the time frame I'm looking at is different.
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A lot of people have shared their insights over many, many moons on this and a multitude of other threads. I'm just in hanging-out mode now.
 
Quote from OldTrader:

I agree that the point of this board is to interact with "other traders". Of course, I don't personally view a guy that paper trades as a "trader".

Now, before that remark upsets you, I'm not calling you a paper-trader. But I would definitely feel differently about posting here if I felt that everyone else was posting paper trades. I think we all know that paper trades, hypothetical trades, analysis, etc. is all different than a real trade.

OldTrader
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Well, that approach might work if the only market you know how to trade is the ES, but if you're trading multiple markets it becomes much more difficult.

But hey, if you need help with your trading and need someone to make live calls, you should follow closely what B1S2 posts, but don't necesarly do what he does. :D
 
Quote from JSSPMK:

I think what is key is when people post information which may be beneficial to someone else, even if they do it later to explain a trade :)
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I'm with you on that one JSSPMK ... I said the ES had entered distribution mode back at @ 10:45am ET, and look at it now. :D :cool:

Touché
 
Quote from MandelbrotSet:

I'm with you on that one JSSPMK ... I said the ES had entered distribution mode back at @ 10:45am ET, and look at it now. :D :cool:
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Now please post a chart of what you saw, TY! :)
 
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