ES Journal Archive (2009 - 2010)

[volente_00]

Quote from porge:

volente, very serious now.....what do you consider scalping points on the nq....? i have the es concrete....2....no joke , very serious...I do not have the answer for nq ...am one who respects your time and effort put forth...i have a point target system for riding runs so that is no issue...I love scalping...like the excitement and challenge....still always with the trend and using tick chart.keeps r/r in it's box.....for opening the gate....15 min gives the trend and other stuff...... scalping the nq ......? points? remember scalping means all in all out otherwise u r riding the run......or attempting to........

I have never traded nq. I stopped scalping a long time ago.

Risk 3



Get ?


10 ?


20 ?


30 ?


???



or worst case -3 + commission

 

[saliva]

Quote from volente_00:

DEMTDAYBOYZARECOMING!!!!

I don't find thrills in such an orgasmic outburst. Sorry.

 

[iloveoptions]

Quote from iloveoptions:

Quite oversold for the day. Long 756.75, I'll be adding to the position down to 748 stop- the abyss, target 770.25

--------------------------------------------------

Added equal position at 748.5 . New target is 758.5

----------------------------------------------------

Closed last add at 757.0




Re-entered equal position long at 746.50

They had a chance to move it to 720 today but failed. I'm sensing a mild up day tomorrow thus placing a sell limit order at 752.5 and 756.75 to close the two open long positions from earlier today. I will be adding one more long of equal size at 726.75 with a stop on everything at 700.75.

 

[Lawrence Chan]

Quote from volente_00:

I have never traded nq. I stopped scalping a long time ago.

Risk 3



Get ?


10 ?


20 ?


30 ?


???



or worst case -3 + commission

NQ momentum has legs - a better vehicle for break out style trading. You can risk 10 to make 30+.

ES is more "mean" reverting, although the word "mean" is not quite the correct term. From your posts, it suits you better!

 

[Lawrence Chan]

Quote from iloveoptions:

They had a chance to move it to 720 today but failed. I'm sensing a mild up day tomorrow thus placing a sell limit order at 752.5 and 756.75 to close the two open long positions from earlier today. I will be adding one more long of equal size at 726.75 with a stop on everything at 700.75.

Huge bids taking all the sell orders down at 40s area across the board. They are absorbing almost everthing.

An important low is in sight within several days.

 

[Pekelo]

I know, I know, it's me again with this silly pattern, but in a bear market it just keeps showing up on any timeframe.

This is the 5 days/hourly chart, so let's do a prediction for tomorrow:

The Height is: 24 pts.

Failure: at 758

3rd bottom : 758-24= 734 cash (tomorrow's LOD?)

Now according to the rules, we should have made it up to 762 where the SMA line was and that was the exact half of the Height, but I guess the market was just way to weak... Personally, I wouldn't mind a little rally, so if the prediction is bad, I can live with that...

 

[princessa]

on a longer timeframe es chart, i am seeing 727 as the measured move low. vo says 730ish (close enough). pek says 734. november low was 741.


so take your pick. anywhere from 727 to 741 for predicted lows, keeping in mind that even if 741 is the goal, there is likely to be some overshot.

hitting the low with bounceback tomorrow sounds good. let's see if it happens....

edit: sorry november low was 738, my mistake.

 

[porge]

yes u did trade the nq....quite a while,....or u were talking and posting nq paper style maybe...that is okay if u were...don t be bashful now...........porge memory no failure.........WHAT IS THE SCALPING # ON NQ....MR....MR....volente my friend.

 

[porge]

about the same time range u were head over heels with? oops! lol...that is when u were trying to best the intraday...did u win.?

 

[iloveoptions]

Quote from Lawrence Chan:

Huge bids taking all the sell orders down at 40s area across the board. They are absorbing almost everthing.

An important low is in sight within several days.

Thanks for the excellent forensic analysis Mr. Chan! I wasn't paying much attention to the bids swallowing the offers. I focus more on volatility and velocity as that's my niche and expertise. Based on that, I was looking for ES to create a saucer bottom and reverse around the mid to low fifties. But I forgot that it was Monday, and like we've been experiencing lately, Mondays can be highly directional and mostly to the downside. I mean I don't recall seeing some eight 45 minute red candle bars in a row! I'm sensing that the low for the week will be put in by Wednesday around the mid 720's to low 30's.