ES Journal Archive (2006 - 2008)

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Quote from ammo:

the url u put up for ripe trade ,his chart as an example of his theory didn't look very convincing or profitable, or i missed something
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He doesn't indicate if the entry was long or short. I felt it was lacking as well.
 
Quote from riaamaan:

He doesn't indicate if the entry was long or short. I felt it was lacking as well.
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Yes, the chart does not really give much info. I was thinking about the backtested data.

Buying lower opens near the previous day's low provides a small edge; and buying higher opens near the previous day's high actually is a losing proposition.

Obviously, one cannot expect to make a living on just those two principles, but it is a start.
 
Quote from riskaddict:

It is funny how they like to have breaking news at 3:30 on fridays. I try not to watch the news but you can just feel the manipulation. Im all for manipulation if I can make it work in my favor!

Here is what i see with my keep it simple stupid method!
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on your chart 855-845 area has only 6 trading bars,lpossibly a gap fill coming,hard to get excited about anything working out normal during exp week
 
Quote from startraitor:

What's with this 888?
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IDK but its looking like a potentially good short setup. a tad shy of a zone I have, but thats a nice wick on that 6:50 candle...I just wanna see some weakness come in on a retest.
 
I like the 96-98 area if we can drift up there, could be more of a lift than a drift though.


Quote from tommymoose:

IDK but its looking like a potentially good short setup. a tad shy of a zone I have, but thats a nice wick on that 6:50 candle...I just wanna see some weakness come in on a retest.
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Quote from startraitor:

I like the 96-98 area if we can drift up there, could be more of a lift than a drift though.
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I have the same zone (995-900 actually haha) but I feel like nibbling here. Short 90.75, stop 91.75... target 885 minimum
 
just be careful, after our reaction to fridays news if they want to rally we could go all the way up to test 920 tonight and close above 912 potentially. i'm extremely bullish and looking to buy all dips until the market gets me to change my mind
 
oh yeah, I'm very aware we're in an uptrend for now. Thats why its 1 point stops with 5 point targets going counter-trend for me haha. Already a couple points in the money, so stop dropped 2 ticks... still got my eye on 885.50 as a target.
 
Quote from tommymoose:

I have the same zone (995-900 actually haha) but I feel like nibbling here. Short 90.75, stop 91.75... target 885 minimum
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Don't like the PA... will wait for a higher zone to get short again. Out 889.00.

BTW I got a new computer setup and am loving it! The 512MB of RAM on the laptop I had been using wasn't cutting it :p
 
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