ES Journal Archive (2009 - 2010)

[ammo]

Quote from ammo:

sh 41 ,42 ,44 ,48.5,avg under 44

add 48.25

 

[saliva]

Quote from HooLee:

Now that's the PMT talk. I like that.

I'll take that as a compliment. But, for the record, this ain't part of the PMT.

 

[HooLee]

Quote from saliva:

I'll take that as a compliment. But, for the record, this ain't part of the PMT.

Why not? Me an old fool, have read your thread and thought that is the duration "T".

 

[ammo]

megaphone

 

[saliva]

Short 54.75

Stop 55.75

 

[startraitor]

766 on cash would be a nice print, 100 pts in a week.

 

[saliva]

Quote from HooLee:

Why not? Me an old fool, have read your thread and thought that is the duration "T".

Hey, thanks for the clarification. I didn't know what to make of your previous comment.

My own previous post about mirror images (today and Wednesday) is tied more with "market symmetry" rather than "T". However, this kind of price action is too damn arbitrary for me to base my trading decisions. To believe that the market will drop 15 points just because it dropped 15 points two days ago is a bit too subjective. I want something that's much more concrete. By knowing in advance where the next reversal point will be and to follow that up by measuring how fast it gets there and how strong the move was you would have a very good idea if the reversal should occur or not.

Having said that, I just got stopped out.

Hope that helps.

 

[ammo]

there is a ledge at 46 that we need to trade under

 

[saliva]

reentered short 54.75

Stop above 57

 

[saliva]

Quote from saliva:

reentered short 54.75

Stop above 57

Out 53