ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

One thing to notice is that ES is decoupling from NQ.

That means intraday swing top and bottom price levels are less accurate.
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Tell me about it... I used to follow ES and trade on NQ, but now I don't know who's leading who, if they're even in sync or anything.

The ES 60 min looks like a hammer. Wouldn't be surprised if we go flirting with the 1007 high region.
 
Quote from Lawrence Chan:

One thing to notice is that ES is decoupling from NQ.

That means intraday swing top and bottom price levels are less accurate.
More...
Sorry for my language, but the slut-fest between them two was getting a tad bit too rich. That kinda relationship just can't last for too long.
 
Good Info.. Thanks

Quote from Lawrence Chan:

I posted a bit more these few days as I am not working at my office for the moment thus got some extra time to kill.

Newbies should understand that trading style cannot be imitated.

i.e. You cannot trade like B1S2 unless you are B1S2.

Another thing with this ES trading business is that there is no need to pick top or bottom. If you do, then you need a bigger pocket, ability to ride overnight, etc.

I remember Tim Morge once said something like this, "You need to find one way, and only one way to trade profitably. Then do it over again and again."

So if you find a way to pocket 2 pts a day, just stick to that and do it.

Like vol said something like this here, "Don't change your target size, just keep increasing the size (lots)" =)
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Thanks!

Quote from Lawrence Chan:

I posted a bit more these few days as I am not working at my office for the moment thus got some extra time to kill.

Newbies should understand that trading style cannot be imitated.

i.e. You cannot trade like B1S2 unless you are B1S2.

Another thing with this ES trading business is that there is no need to pick top or bottom. If you do, then you need a bigger pocket, ability to ride overnight, etc.

I remember Tim Morge once said something like this, "You need to find one way, and only one way to trade profitably. Then do it over again and again."

So if you find a way to pocket 2 pts a day, just stick to that and do it.

Like vol said something like this here, "Don't change your target size, just keep increasing the size (lots)" =)
More...
 
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