ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Backtesting in real trading.
My life P/L, I am up on Monday, Wednesday and Friday /my best day/.
I am down for Tuesday / acceptable/ and on Thursday /huge/.
Nearly all trading distasters those happened to me happened on Tuesday and Thursday about 1:4.

Conclusion: Thursday is the most difficult day to trade /for me/.
 
Quote from tommymoose:

I'd really love to see this theory backtested. It should be simple right? Buy on Tuesdays and Thursdays at open and sell at close. Anything over 65% profitable trades and I'd be impressed and there would be a quantifiable edge there. I'm going to get this done.
More...

I did.

I mentioned that somewhere in the thread.

In short for the past 5 years,

Tue no longer close higher than previous close in RTH (< 50%). But, if there is a gap down, you get a very good chance (> 60%) to see a huge rally first, then drop all the way back down to below previous close, while it is still higher than the open.

Thu bias still exists, but the edge is 2 to 3% only.
 
Yesterday was yet another day (3 times in a row!) after a div. low in 60/30/15 the market run up 10 to 12 pts then stalled, but at the end the outcome was different as the rabbit was pulled out to propel ES 10 more pts higher.

That poses a difficult scenario - some kind of continuation signs for the downtrend all over the place (60/30/15/etc) but the drop already started since last 1/2 hr yesterday. To chase the downtrend or hoping for the double bottom from last 2 days is real.

Any one want a bet today? :)

I say down day. :D
 
After recent ESTX 50 big fall few minutes old if on ES will be down day during RTH that ESTX will get close to values when the rogue trader was active.

US indexes are in present time still enough far from March lows under normal development but Europe will test it early I think. Monday?
 
Quote from Lawrence Chan:

Yesterday was yet another day (3 times in a row!) after a div. low in 60/30/15 the market run up 10 to 12 pts then stalled, but at the end the outcome was different as the rabbit was pulled out to propel ES 10 more pts higher.

That poses a difficult scenario - some kind of continuation signs for the downtrend all over the place (60/30/15/etc) but the drop already started since last 1/2 hr yesterday. To chase the downtrend or hoping for the double bottom from last 2 days is real.

Any one want a bet today? :)

I say down day. :D
More...
I think they tried to prop it up for exp and that settles on this mornings opening stock prices so it didn't work unless they rally spus 15 points by 8:30 central,otherwise if u look at asia and europe , we should sell off pretty hard
 
Quote from Pholeuon:

After recent ESTX 50 big fall few minutes old if on ES will be down day during RTH that ESTX will get close to values when the rogue trader was active.

US indexes are in present time still enough far from March lows under normal development but Europe will test it early I think. Monday?
More...

Dow is within 200 pts from its mar low. Hard to say.
 
Quote from mazaltov:

Sweeeeeeet.

Nailed that pop. Best day in a long time.

Flat pretty much. (small long still)
More...

Trade and analysis disregarded for journal integrity purposes
 
Quote from iloveoptions:

I see that you're moving your stops a lot quicker than before. You used to allow breathing room for your trades to develop but not so in the last 4 trades or so. Why the change?
More...

I am making daytrades in order to comuniicate more effectively with ET participants. I no longer post my position trades very much. Position/Swing is my main focus as it has been for 27 years. :)
 
Quote from ammo:

I think they tried to prop it up for exp and that settles on this mornings opening stock prices so it didn't work unless they rally spus 15 points by 8:30 central,otherwise if u look at asia and europe , we should sell off pretty hard
More...

Certainly looks like that - if they failed to pop it using 8:30 #s, I am not sure if I want to participate at all with the expected huge volatility.

Edit: There is no 8:30 #s today. :p
 
Status
Not open for further replies.
Back
Top