ES Journal Archive (2006 - 2008)

smilingsynic · Jun 20, 2008

Quote from optioncoach:

If the market tanks, then the short signal occurred and you are short and quote the great call. If the market rallies the short signal never occurred and you are flat and quote how you stayed out.

Hmmm....

Hi, Coach

You have to remember, he is daytrading in order to COMMUNICATE to ET readers.

El OchoCinco · Jun 20, 2008

Quote from Mins:

I am pretty sure Buy1Sell2 always posts when he is making a trade - he is very consistent and shows great integrity in that respect.

Not questioning integrityreally but the purpose of the statement lol....

A short signal in the future if it occurs is a short signal and if it does not occur it is not a short signal. I think this is 100% true about any signal in the future no?

tommymoose · Jun 20, 2008

Quote from iloveoptions:

Nice try tommy. It looked like it was about to go your way. Btw, are you biased towards shorts only for today?

I think today is a hard one to call. I would normally think "gap and grind", but ES bottomed around some good support. So I don't have a huge bias, but if I have a mild one, its definitely short (until the MACD histo tells me otherwise)

captcontrary · Jun 20, 2008

Quote from optioncoach:

If the market tanks, then the short signal occurred and you are short and quote the great call. If the market rallies the short signal never occurred and you are flat and quote how you stayed out.

Hmmm....

that doesn't seem fair. i have yet to see b1s2 claim a trade that he hasn't explicitly posted. in my opinion his comment showed his intent was to look for shorts. in the past he has made similar comments and later he either called a trade in real time or stated that he missed the move.

Mins · Jun 20, 2008

Quote from optioncoach:

Not questioning integrityreally but the purpose of the statement lol....

A short signal in the future if it occurs is a short signal and if it does not occur it is not a short signal. I think this is 100% true about any signal in the future no?

Oh right i see what your getting at now.

smilingsynic · Jun 20, 2008

Regional banks--the S&P's recent albatross--have started to rally in the last hour.

iloveoptions · Jun 20, 2008

Quote from tommymoose:

I think today is a hard one to call. I would normally think "gap and grind", but ES bottomed around some good support. So I don't have a huge bias, but if I have a mild one, its definitely short (until the MACD histo tells me otherwise)

I see. I like the "gap and fill" better though.

Of course, that's because I prefer the long side better, even though the shorts are currently in control.

tommymoose · Jun 20, 2008

Quote from iloveoptions:

I see. I like the "gap and fill" better though. Of course, that's because I prefer the long side better, even though the shorts are currently in control.

Thats a mighty big gap to fill from here don't you think?

although this study makes a valid point - http://quantifiableedges.blogspot.com/2008/01/large-gaps-lower-in-uptrends-vs.html

iloveoptions · Jun 20, 2008

Quote from tommymoose:

Thats a mighty big gap to fill from here don't you think?

I think anything is possible (including 1320-1316). I'm thinking though 1342.5. Positive attitude can't hurt, even though to the naked eye, it looks quite unrealistic.

satchel · Jun 20, 2008

The decline to 21 should start here