ES Journal Archive (2009 - 2010)

volente_00 · Oct 12, 2009

Quote from MandelbrotSet:

Some traders do pay attention to them, other traders don't. The market has done nothing but consolidate its gains after the huge run-up overnight, so apparently this "GAP" may or may not need to be filled.

Botom Line: If they are part of your strategy, then you should pay attention to them, if they are not part of your strategy, then you should not pay attention to them (they fall under what B1S2 calls "too much information" ... with none of it being actionable).

Good trading

TMI or not, the strategy today saved B1 from getting stopped out.

volente_00 · Oct 12, 2009

Anyone recall the last time ES traded in a less than 3 point range for almost 4 hours that was not on a FED decision day ?

volente_00 · Oct 12, 2009

50% 72.5

ammo · Oct 12, 2009

Quote from truehawk:

Long at 1068.75 stop at -66.75 Target at -72.75.

nice

truehawk · Oct 12, 2009

Quote from ammo:

nice

Tks

I think we will see-saw a bit now.

Now long from 1070.25. Stop at 68.50, Target at 71.75.

truehawk · Oct 12, 2009

And out at 71.75 for another point and a half.

too close to close to trade again. I am always wrong about the close.

It is my curse.

ammo · Oct 12, 2009

Quote from ammo:

add 70.75, new avg 63.75

ad 72.25, avg 65.5

flipflopper · Oct 12, 2009

Quote from vmaxer:

I don't think so, your close back in 10/08 is too low.

Anyone know why the SPX never shows large gaps?

I am guessing it's because the index takes a while to calculate it's value on the open.

What do most pro's look at for calculating GAP fills? The SPY?

MandelbrotSet · Oct 12, 2009

Quote from volente_00:

TMI or not, the strategy today saved B1 from getting stopped out.

pssst, tomorrow is a T-Day in a defined uptrend. :eek:

Pekelo · Oct 12, 2009

Would this be a perfect 5 wave finish of the last 7 days? Again, I am not an expert in EW:

The previous down from the same height was a perfect 3 wave, and it looks to me good to be finished...