ES Journal Archive (2009 - 2010)

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Quote from jjf:

But of course time exists, how can it not.
Everyone can try to decide for themselves what it is they do and how they go about it.

Vol bars require a different approach to time bars and yet I follow discussions (heated arguments) amongst mental midegets here on ET, about which is superior.

They are different and as such each requires a different approach.

Are vol bars superior?
Well, given most Traders have no real idea as to what they are doing and why they are doing it, I guess it really doesn't make any difference.
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My opinion isn't about if one is better than the other...way too many ways to skin a cat the right way...bottom line, if the skin comes off you did it right [for you].

But he specifically stated that he was convinced that leading market players do not use "time" in there algo's...my point was that they do...even if the average tick trader, volume bar guy doesn't use time within his discretionary analysis and trading...the "movers" of these markets 100% unequivocally do, even if their algo's are based on ticks/volume etc...thats all I was highlighting...
 
Quote from petty1978:

1052.25 offers a shorting opportunity to 1047.
1064.25 offers a shorting opportunity to 1059.25
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Remember to watch out for 1064.25 as a great spot to pick up 5 points to the downside...we are approaching these levels...don't know if we will have the steam to reach them today but I wouldn't be surprised.
 
1076. I am not saying that we will get there. I am saying that we can get over only if we break the trend - what of course happens but RARELY.

I am including what channel I am trading. (I scalp for few ticks or points between touches on indicator patters, but rarely in middle grey zone).
 

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Multiple hourly bars now give "feeling" (bad word I know) that EUR/USD has indeed found support short term. So far continuing it's bounce from double bottom 5/19 and today and may well assist ES up. :cool: (only typed to temper my short bias)
 
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