ES Journal Archive (2009 - 2010)

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Quote from smilingsynic:

Hey there,

I was being a bit facetious--hence, my "drive for show, putt for dough" comment.

We daytraders know that the real money in this business is made by grinding out a living day after day, just like golfers know that putting is more important than driving long. Picking a bottom is "for show"; grinding out a living by daytrading is "for dough".

That said, for the first time in months I have been buying stocks in my IRA. I will add more if I have the opportunity.

There will be bottom sometime, and price action would dictate that resistance would be right by the bottom of the opening range for the year.

Mark Fisher has an interesting section in his book THE LOGICAL TRADER about opening range for a six-month period. The first two weeks of January serve as the opening range from January-June 30. Interesting enough, the open gap at 820 is right by the bottom of the opening range for 2009.
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Fair play. See, it's because you are a smiling synic I get frustrated when you are serious & when you are being facetious :)

I will get that book, TY!

Sal & Vol got on so well they are probably in some downtown trannie bar in Miami discussing dem t boyz LOL
 
Quote from Pekelo:

Here it is in all its beauty:

2pq8712.png


699-32 = 667

Cash bottomed at 666.79

Dragon rulez!!!

P.S.:

Height: 32

Failure : at 699

3rd bottom : Failure - Height

For more info see the "Dragon pattern" thread
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Pekelo rules.
 
Quote from JSSPMK:

Fair play. See, it's because you are a smiling synic I get frustrated when you are serious & when you are being facetious :)

I will get that book, TY!

Sal & Vol got on so well they are probably in some downtown trannie bar in Miami discussing dem t boyz LOL
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If you google Mark Fisher, Logical Trader, and two weeks, you might be able to read some of it on Google books.

I recommend getting the book, of course--but I'd google it if you'd rather not wait.
 
Bulls incompetent to take out 15 min SMA, 878.75. Too funny that collectively so many trading desks watching it and being wimps breaking trough ! :mad:
 
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