ES Journal Archive (2009 - 2010)

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I will personally and professionally go out on a limb:

yesterday was the bottom,today marks the start of a new Bull Market

1000 SPX intermediate time price target, will evaluate once we get there.
 
I have never studied anything but es nq intraday..no pips/commodities for me......... market open to market close...djia....i don't have anything to say about others trading another market in a different fashion. All I know is, the big money here is with the trend..the trend begins at a zero starting point....and goes typically 15 to 20 points and has for 8 yrs now..it ends on the next zero starting point of new channel...........this is a "run" ...some days it is all day which pros call a TREND DAY.....anyone counterring this stuff is addicted and self destructive............there is no profitable countertrend except to ride the retracement back to ur 64 today end of day...which trade was better? ur 68 announcement or 64 buy....u cannot win the game bigtime countertrending eminis.......intraday.... don't throw in the red herrings.....
 
righ t vol the busby stuff my brother worships now on ino.com is realtime calls for pretty big money...but his calls are atrocious but he seems to looking the hit the end of the home runs and more....i can't ever knock what people are making money with...p;ersonally i love to countertrend..it is a thrill a second....i just take the low pressure road now....the 90 min bars i have talked about are exactly that countertrend...bar closes at outer edge of channel.......next bar opens and it is the one that goes back to other side of channel...that is counter to last move...works best on erratic sloppy days....narrow ranging etc......so now i just trade the 90 min bar so to speak with 15 min chart and tick chart.....as runs dictate....
 
busby has that same no emotion ...few can do that from what i have seen.........smaller scale of course...he manages big money so he says.....
 
Quote from porge:

anyone counterring this stuff is addicted and self destructive............there is no profitable countertrend except to ride the retracement back to ur 64 today end of day...which trade was better? ur 68 announcement or 64 buy....u cannot win the game bigtime countertrending eminis.......intraday.... don't throw in the red herrings.....
More...

Porge... just because you have not been profitable playing reversals or haven't found an edge in this type of trading doens't mean nobody has.

Absolute statements - like the ones you make - and trading don't fit well in general.

As you seem to be a profitable trader, I'm sure you know there are many ways to skin the cat...
 
right exactly...many different ways...don't mean to disparage other strategies....all can work...some high risk some low risk...low risk does not have to mean low reward...
 
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