ES Journal Archive (2006 - 2008)

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Quote from trader_arb:

So basically we can go up a lot or down a lot. How do you trade this? Are you short now? Stop? Target for upside?

Serious questions.

(Did you hold short during upside from 1250-1440?)
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You trade it by throwing runners out there, simple as that. When you catch the run, it will just go and you can then trail your stops accordingly. Many ways to play the markets, this one being the simplest as Buy1Sell2 has shown. I know folks that are still holding trades (runners) from few years back. From nothing comes something. Many crude oil investors put out some runners when crude was under 85. No thinking, no viewpoints, just win or lose. If not stopped out, then you switch to trade management mode.
 
Quote from smilingsynic:

There's already a Wyckoff spring: right at yesterday's day session low. They did this to the S&P yesterday at Tuesday's high (upthrust), to crude yesterday (upthrust), the Hang Seng overnight (also, upthrust), and now the S&P today.

Never ends.
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They usually always start and end trends(waves) on whatever timeframe your trading. :)
 
Quote from wave:

You trade it by throwing runners out there, simple as that. When you catch the run, it will just go and you can then trail your stops accordingly. Many ways to play the markets, this one being the simplest as Buy1Sell2 has shown. I know folks that are still holding trades (runners) from few years back. From nothing comes something. Many crude oil investors put out some runners when crude was under 85. No thinking, no viewpoints, just win or lose. If not stopped out, then you switch to trade management mode.
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Now the better your mouse trap, the better your results. This is where the sweat and tears and gray matter come into play.
 
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