ES Journal Archive (2006 - 2008)

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Quote from tommymoose:

Hey JSS, any input on the 30 - 240 min histo, especially on NQ?

Sure looks like a bullish wedge with triple divergence that found support at the 38.2% major retrace to me. We've got the potential to blast higher tomorrow IMO (1970-1990 wouldn't surprise me).
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That's RTH right? Although it does look perfect by my standards, I would be skeptical about it, because daily charts are bearish. But here is the cherry, if you know what an average range expansion is achievable via these signals, then providing your risk/reward is set at say 1/4 you can afford to take 4 bad trades & equalise those losses with 1 winning trade. After all that's what saves me intraday, I can take 5-6 bad trades & then via money management & realistic expectations can at least equalise. So to hell with what I think, go for it Tom, trust your skills & gut feeling :)
 
Tommymoose,
please have some compassion for those of us who are visually challenged. Can you adjust the color of your histogram a little and make it a little brighter so the contrast with background is easier to see.

timestamp check, sent at 4:36am
 
Quote from volente_00:

What good are number posted if you don't reveal how or why on the trade ?
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true, but this is also true:

What good are theories and strategies if you can't put numbers (real time trades) behind tem? :)
 
What goes up must come down, pride goeth before a fall,
regression to the mean. Thank you Sir Francis Galton.

Don't miss the BULL ride after this drop towards 1200.
 
Quote from Pekelo:

true, but this is also true:

What good are theories and strategies if you can't put numbers (real time trades) behind tem? :)
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Probably because 19 out of 20 people will never ever break through the walls of their mind and see trading (especially ES) for what it is.


for example........
I say ES is a precision instrument, B1S2 states that it is not .... 2 points of view.

Someone else stated the other day that there are a million ways of making money through trading.
I believe that the more profitable ES traders become, the more they are drawn together .... 2 points of view.

Some use CCI, RSI MAs, histograms etc, and I would'nt go near them .... 2 points of view.

The numbers that are so especially sort after and defended on this thread really only reflect the Trader and his/her beliefs at the time.

They do not necessarily lay a shinning pathway to the most effective means of trading ES.

Each of us must sort this out for ourselves as we are an integral part of the very process itself.

There is no room for spectators in the markets.
Either we each become participants or we simply waste our own time.

regards
f9
 
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