ES Journal Archive (2009 - 2010)

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Quote from Pekelo:

Drifting upward as expected. up 10 pts since the cash close. Currently 711+

Wasn't Apex some kind of selfmade bigfish trading 100s of contracts??
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You act surprised about those TDAYBOYZ working that majic.
 
never seen a more fawning group of idol seekers...learn to trade yourself, instead of looking for the next deepak chopra....wow...vol and romik are applying and you won't accept...
 
Quote from saliva:

Fair enough, but I find it more than amusing to hear such a tone of sarcasm coming directly out of your mouth rather than from somebody else. Since you and I were yacking the whole time yesterday, I would think that you remember what I said I would do as we approach 700. Or do you simply not remember? How much more specific can I get than this?


Or how about this one as a refresher?




Just to play the devil's advocate, allow me to interject by stating that "Shorts taken here, there, and elsewher overnight should be held until the low 700 Monday."
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[/QUOTE]

Actually, I am curious as to why you said 700. That was a good call.

But was it just a guess, or was it based on clearly articulated, back-tested principles?

I will give you the reasons why I said hold til 735. On my journal l readily admit that I took a small loss and that I took off my weekend short hedges too early, Nevertheless, in the past I have made a good deal of money by buying early morning weakness and holding for the daily pivot on a day after the daily pivot was not tagged.

Nothing works all of the time. If one takes more money out of the market than puts back in, then one is better than most in this business.

Why 700? Is it the fact that the market often is attracted to numbers that end in 00? There was a measured move that end at around 703? What was it?
 
Quote from smilingsynic:

Actually, I am curious as to why you said 700. That was a good call.

But was it just a guess, or was it based on clearly articulated, back-tested principles?

I will give you the reasons why I said hold til 735. On my journal l readily admit that I took a small loss and that I took off my weekend short hedges too early, Nevertheless, in the past I have made a good deal of money by buying early morning weakness and holding for the daily pivot on a day after the daily pivot was not tagged.

Nothing works all of the time. If one takes more money out of the market than puts back in, then one is better than most in this business.

Why 700? Is it the fact that the market often is attracted to numbers that end in 00? There was a measured move that end at around 703? What was it?
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In one word: Trendline. I know that TL is held in suspect around here so I'll skip any needless articulation into its merits.

The actual target was 705-ish, as I indicated in my response to ammo, which he seemed to have conveniently ignored. Anyway, ES did spend most of the day hanging around 705, only to hit 700 near the end. But since the difference is only 5 points between the two numbers, does it not make sense that we test this important milestone before reversing?

Quote from saliva:
03-02-09 12:51 AM

I dunno if this would be of any help, but I have my profit target at 705.
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Quote from Pekelo:

Drifting upward as expected. up 10 pts since the cash close. Currently 711+

Wasn't Apex some kind of selfmade bigfish trading 100s of contracts??

P.S.: I will sign up for the free Gap plays, maybe he said the same as I did, keep long until 10 am... :)
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Credit certainly due to you Pek. Thanks for sharing this double-gap-down=drift-up setup :)

Yes, apex is quite the success story...yes 100's of contracts at times... guys a legend and still keeps me motivated. I've been in touch with him infrequently since he left, and I'll say there is no way he's selling an advisory service... and if he did its certainly not the style of trading that guy uses.
 
Quote from tommymoose:

Yes, apex is quite the success story...yes 100's of contracts at times... guys a legend and still keeps me motivated.
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Well, do we have evidence of the 100s of contracts? I know his posted trades were excellent, but that doesn't necessery mean trading big.

The website looks pretty dead. The last blog entry is from October, the video update is 2 months old,etc.

For motivation, I use Don Miller's blog

http://donmillerjournal.blogspot.com/

He uses it as a personal journal mostly helping himself to keep track of things and although his trading style is scalping big, I like his psychological approach.. He made 240% last year starting with 700K...
 
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