ES Journal Archive (2009 - 2010)

[marketcynic]

Quote from Pekelo:

And somebody even told you in advance! The last sell signal was at 39 and we are below 32 getting a long signal.

The problem is that when this works 4-5 times in a row, we can expect a little trending, so from now on, buyers beware!
(it has worked already 4 times this morning)

You said long signal below 34, now you changed it to below 32, if it goes even lower, does the long signal price get lower?

Yeah, that's right, with paper trading, stops are unnecessary!

 

[Pekelo]

Quote from marketcynic:

You said long signal below 34, now you changed it to below 32,

Son, it happened more than once!* (chart above this post for newbies)

Now if you don't mind, on Ignore....

*We are on the 7th signal right now....(Edit: ...and still working)

 

[cipherscribe]

Had a Buy signal, but all this choppiness has me on the sidelines....

 

[kinggyppo]

my signals show a breakout (up) on the sixty minute timeframes. I would only take shorts for a scalp but swing traders trade differently. Interesting how much good news has been discounted. To me this is a headfake.

 

[kinggyppo]

Quote from Builder17:

rakin it in today, nice!

Here is a chart for you to consider. Notice how all the action was contained here lots of scalp opportunities as the market tells you where to put a stop.

http://www.elitetrader.com/vb/showthread.php?threadid=54765

 

[cipherscribe]

Quote from kinggyppo:

my signals show a breakout (up) on the sixty minute timeframes. I would only take shorts for a scalp but swing traders trade differently. Interesting how much good news has been discounted. To me this is a headfake.

I see at least price exceeding the HOD. But with the chop, i'm not placing any money on it.

 

[Now is Now]

Quote from NoDoji:

star, I hadn't the balls to do an overnight trade in my live account, but I hurled 50 sim cars with you last night and woke up to +$32K, out @ 1028.75.

It had to make you feel good, though

 

[stella]

Thought to myself: placing sell stops below 36, good idea or not?

Comments anyone? Thanks.

 

[Nagelis]

Quote from riskymove:

I have a new name for Pekelo since he refuses to ever post a trade - real or not!

S.A.G.

Sell
Appointed
Guru

We should all be thanking our lucky stars we have him around to help us make money! :eek:

As a regular observer of this great thread, to me, it doesn't matter if someone posts his live trade or not, it's what they add in value to the thread, by sharing insight.

Pekelo's comments have made me money for sure (I trade currencies, but follow the ES for doing so). So have LC's comments, sal, star, and many more. It's all appreciated.
Edit: should add volente's very valuable input.


it's a T-day today... beware for the rip higher, not?

 

[startraitor]

That calls for an extreme pat on the back, pretzel rods and water for everyone!

Quote from NoDoji:

star, I hadn't the balls to do an overnight trade in my live account, but I hurled 50 sim cars with you last night and woke up to +$32K, out @ 1028.75.