ES Journal Archive (2006 - 2008)

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Quote from iloveoptions:

Well, the facts clearly show otherwise, however, I'll give you the benefit of the doubt and let you prove me wrong. Please, real trades with Pnl, because paper trading won't count. You can also start a journal right here and call it " Daytraders Rule" :p All I'm asking is 5 years. Not much is it?? Regards back to you.
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growup sonny.

regards
f9
 
what i explained above is what you do to defeat the game...........have the parameters for the next run in your head before it happens. MOST of what is not a RUN is just mkt noise, best to leave the chop chop alone and concentrate on the RUNS.
 
Quote from JSSPMK:

BTW Vertigo, I see a possible Wolfe within this pennant, for it to be book perfect price needs to make one more stab at 1345-46
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jss would the move after that be up or down,by the way if we are only talking spus going 5 points lower and every one is looking at that and someone has a lot of money to move along with other someones we try to buy early so we can cover our big shorts
 
Quote from bighog:

Point being short signal is still valid but looks like waiting in a range until beige book makes up their minds for them. technicals have been golden lately in the mornings............i for one have always said i trade better in the mornings because the initial run is what all the fishermen have baited hooks for.


Lets see what beige book brings.
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Maybe the beige book has something important in it. But meanwhile, I'd keep my eye on the crude oil market. Up 6.21 in July Crude oil is pretty strong headwind.

Oldtrader

Edit: I currently have no dog in this hunt. I've been trading the sell side today, in and out. Nothing posted. I'm flat right now.
 
Quote from ammo:

jss would the move after that be up or down,by the way if we are only talking spus going 5 points lower and every one is looking at that and someone has a lot of money to move along with other someones we try to buy early so we can cover our big shorts
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Going by rules of Wolfe & this being a pennant within a downward trend price is expected to go lower.

But I personally do not put much value in Wolfe waves, sometimes they measure quite accurately oscillations within a flag/pennant, other times they don't, I don't have any back-tested data on them anyway, from observation only. I still put more trust in histogram
 
This does look like a descending triangle in a bear intraday trend, so Wolfe does stand a chance here, when looking on 5m chart I can see 3 attempt of swing towards 45-46, perhaps headfaking a bit higher & then putting in 3rd lower peak in histogram & by 1.30-2pm continuing with predominant trend.
 
the shorts still have some powder, never negate a signal until the mkt tells you. 1344.00 now will be watched by the shorts .........above that and they could get out. Would still not get long unless it gets above 1348.00.

the shorts want 1344 to act as resist short term
 
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