ES Journal Archive (2009 - 2010)

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I did eat at a great La Casona /es ? today ..had a chicken dinner with a name a couple of inches long......before going to grandson basketball game and keeping score for them...
 
adam hewison said " they will gun for your stops"....this is why I prefer point targets ...not trailing stops....moving to breakeven is not "trailing the stop"............

if one could give the truest of the intraday gold, it would never be accepted for long. Why? Because we are always smarter than the other guy. Slicker. Human minds have same Creator. We can't accept other guy's stuff. How can he be smarter than we? So we curve fit/adjust/tweak a great system around so we can feel that it is "our baby now" til the value of it dimishes and it is harder to find in the maze we created. Instead of using hard work and time. We will not accept the value/simplicity of it......we destroy it, even if we paid a handsome price for it...
 
Quote from Pekelo:

On the weekly chart the lower BB is coming up around 750....
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Hey, guess where we bounced from? 754 SPX...

24n1emp.jpg
 
if we must rely on price levels never forget century 1/2 century 1/4 century..so when it hits the 750 what does it tell u to do precisely at that moment. even though the question is simple let's bet i don't get a simple answer...
 
LC, TY for recent posts, appreciated.

Vol, you didn't answer my previous question, maybe I didn't see your answer.

re - gaps above.

Weekly Qs, quite a few gaps there, so IYO we ought to fill them?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2316714>
 

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pekky please forgive me for asking such an atrocious question. I have found a forum that is much more fun to aggravate.....happy trading to all...remember when you combine 2 traders u get the worst of both.....not the best.......
 
Quote from Pekelo:

Hey, guess where we bounced from? 754 SPX...

24n1emp.jpg
More...

I look at bollinger bands merely as a "trailing" confidence zone which has statistical significance but little predictive value for any "specific" future price. It's based on standard deviation and normal distribution around a mean (e.g. ~68% for 1 sigma, ~95% for 2 sigma, etc). Prices are not distributed normally and the mean is shifting.

Is it anything more than "luck" when you get the price to bounce off the -2 sigma BB line? Also, changing the BB span (typically set to 20) changes the mean reference point (and to some extent, also the Std Dev) resulting in different values for the BB lines.
 
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