ES Journal Archive (2009 - 2010)

[Decel]

Congrats to all who are riding this. I didn't really know where to enter after that pop.

 

[ammo]

Quote from ammo:

add 008 short , avg 1007

, add 004

 

[jason586]

Quote from jason586:

Limit sell order hit @ 1009.25 - 09:54:26

Out half @ 1003.50

So far, setting limit orders 8-12 points away and then leaving (golf, errands, etc.) seems to be working a little better for me.

 

[volente_00]

DEMTDAYBOYZ are getting walked over by DEMFLIPFLOPBOYZ

 

[Anna K.]

Quote from Lawrence Chan:

Almost there.

To be bearish and stay bearish for the day, we need to turn triple red.

LC, thanks for excellent commentary, today as always!

 

[Lawrence Chan]

Quote from Decel:

Congrats to all who are riding this. I didn't really know where to enter after that pop.

Search for w. thrust. Ammo, etc. all recognizes that. No need to pick top or bottom.

You can either sell previous resistance at around 08.50 (higher risk) or sell break at or below 07 (lower risk).

The extra pay off from selling the top of a bounce is offset by the lower probability of success, so both methods result in about the same performance in general.

p.s. of course, unless you have some uber super top secret top/bottom picking formula! =P

 

[Lawrence Chan]

Quote from Anna K.:

LC, thanks for excellent commentary, today as always!

You are welcome.

Bounced off previous day close here ... amazing strength.

 

[Decel]

Quote from Lawrence Chan:Search for w. thrust. Ammo, etc. all recognizes that. No need to pick top or bottom.

You can either sell previous resistance at around 08.50 (higher risk) or sell break at or below 07 (lower risk).

The extra pay off from selling the top of a bounce is offset by the lower probability of success, so both methods result in about the same performance in general.

p.s. of course, unless you have some uber super top secret top/bottom picking formula! =P

That's cool, but 07 was right next to VWAP, which itself was right next to previous day close.

The confluence of all these zones + the noise I have to withstand didn't make me comfortable in hopping on the ride.

At least at 1011 I have a clearly defined, isolated line.

 

[jason586]

Quote from jason586:

Limit sell order hit @ 1009.25 - 09:54:26

Out half @ 1003.50

So far, setting limit orders 8-12 points away and then leaving (golf, errands, etc.) seems to be working a little better for me.

Out second half @ 1004.50

 

[Lawrence Chan]

Quote from Decel:

That's cool, but 07 was right next to VWAP, which itself was right next to previous day close.

The confluence of all these zones + the noise I have to withstand didn't make me comfortable in hopping on the ride.

At least at 1011 I have a clearly defined, isolated line.

Wyckoff up thrust and spring are the most consistent price patterns across almost all tradable instruments.