ES Journal Archive (2006 - 2008)

[iloveoptions]

Quote from optioncoach:

Just asking out of curiosity as a lurker, why the almost 20 point stop initially just to jump out at 5.75 points? Did you see something to change your mind?

Perhaps because of the flying sinks Seriously, my stops vary from trade to trade based on the model, but I think you're incorrectly analyzing or I should say over-analyzing perhaps because of the risk/reward factor. However, just because the stop is near 20, doesn't necessarily mean I will wait till the stop gets hit. Commands come from my trading model. It pretty much dictates my actions in this market (and others). The model might say add more if the spoos broke the 1346 or so June. Since the model didn't tell me to add and the market moved my way almost from the outset, there was no reason to add. Then it commanded me to exit at 1356, and I did.

 

[Spectre2007]

updated levels..

54

51.5

47

 

[Spectre2007]

watch for wyckoff thrusts down... to clear out stops...

algos are basically accumulating...

 

[ammo]

spec your usually right but right now i give it 50/50 for a direction,looking for confirmation either way

 

[kinggyppo]

long spy 136.20 tight stop.

 

[Spectre2007]

Quote from ammo:

spec your usually right but right now i give it 50/50 for a direction,looking for confirmation either way

there is underlying accumulation going on..

 

[kinggyppo]

Quote from kinggyppo:

long spy 136.20 tight stop.

out 136.35.

 

[Spectre2007]

here is a nice technique...

at any given time during a session place, chart resistance and support on a tic basis...

when price fails to touch levels below or above and meets other levels, you have the underlying bias of the market..

since 54 had a hard time to be retested and upper levels posed no real challenge, implies orderflow is buyside oriented.. atleast algos are set that way for the time being.

stratify the market ...

 

[El OchoCinco]

Quote from iloveoptions:

Perhaps because of the flying sinks Seriously, my stops vary from trade to trade based on the model, but I think you're incorrectly analyzing or I should say over-analyzing perhaps because of the risk/reward factor. However, just because the stop is near 20, doesn't necessarily mean I will wait till the stop gets hit. Commands come from my trading model. It pretty much dictates my actions in this market (and others). The model might say add more if the spoos broke the 1346 or so June. Since the model didn't tell me to add and the market moved my way almost from the outset, there was no reason to add. Then it commanded me to exit at 1356, and I did.

o....k..... good luck with all that.

I was not over-analyzing, just curious.

 

[ammo]

spx weekly res at 63,look at that chart ,its very confused at this #, 5/27 and 6/3 lows res line right here 63 on es