I am impressed! THAT is subtle! Three times a year. I would never think to test something like that over such a (to me) long time span. Although I have zero confidence in statistical confidence levels, trading something which occurs that rarely would be a stretch for me. Are you taking the trade now?
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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So is a guide signal like a simple rule, "short if the overnight market gaps down", and the entry signal is something additional that improves the expectation of that simple signal? An important question to me, because I really get hung up on trade entry complexity.
I use guides to just understand what's going on in the ES or a stock. I have counterpoints and friends that actually trade them. I choose not to. They are not part of my entry logic at all. I trade every major signal I have fully automated but I do some discretionary trading as well and they help me "see" the markets health or if a run up or down is a fake out.
My day to day trading is 1's and 0's but I created the models so I fully understand the signals and when they are firing if I have a chart in from of me. But these guides are helpful in this forum and they are helpful to a fully discretionary trader who may want to start understanding them if their exits and stops are not incredibly systematic and deal with MA's, BB's and such. It may help in letting a trade "run" or not get trapped in a fake break out.
Hey art, stfu! All of you! The last 10+ pages is an ambiguous pissing match! Quit playing stupid and post some market commentary.
Petty, I am sure that everyone appreciated that explanation. So you are a binary guy who still wants to have analog ways to think.
Please accept my profoundest apologies, Traitor, for wanting to learn how to trade from my betters. I did post a chart supporting the directional opinion I expressed, which I am sure must have been a shock. I also backed my other discussions up with hard numbers on what I think constitutes good trading practice. Perhaps you prefer unsubstantiated assertions. But it is up to moderation to shut me up, not you.
Please accept my profoundest apologies, Traitor, for wanting to learn how to trade from my betters. I did post a chart supporting the directional opinion I expressed, which I am sure must have been a shock. I also backed my other discussions up with hard numbers on what I think constitutes good trading practice. Perhaps you prefer unsubstantiated assertions. But it is up to moderation to shut me up, not you.
Me thinks NQ (tech) has driven the markets for quite a while (AAPL and co) so makes sense to watch it.. Not until NQ printed 2055 area did we top.. ES tried THE low 1055 area but NQ still far from 1730 area... These cycles rarely done until ES and NQ hit their respective price points..
Hey Arthur,
I have a technique that looks at daily bars in the ES and large volume stocks. It utilizes daily candles from the US RTH only.
It starts by identifying 3 lower opens and [when certain logic is applied] it signals a return to the 3rd lower open. We had just that at fridays close.
So saturday I ran a scanner and I had over 85 stocks on the NYSE alone signaling this bearich set-up, AND the ES as well. This tells me that their is a heavy weight on the ES even if it doesnt appear so. This signal is a tradable signal and can be used as a guide or a trigger. This does not mean multiple days down, only that day "3" open will be revisited short term.
I will be sharing (soon) this US RTH stock set-up in here only because it is valid in the ES as well, however it does not occur frquent enough for me to trade the ES with it...I cant apply sound money schemes...so I trade it soley on the NYSE top 100 volume leaders.
I started out as a discretionary trader, studied my head off and still do. I found it a natural progression to move "binary" to satisfy my stark business side BUT I love the creativity trading allows me and I still trade with discretion to stay sharp and continue my learning.
And yeah-I'm caught between 2 worlds with trading afraid to let go of either one
And I appreciate your interaction, it keeps the posts interesting.
Ok jacky! Back to the ointment where you belong! GLL gf and lol bff spnk!!!!
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