ES Journal Archive (2009 - 2010)

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Quote from DarthSidious:

Yes, but this "1 good year in 5" happens in other markets as well. So another approach is to look at markets that is doing very well at this time. Dollar Index, EUR, Crude, Copper, Silver - all are having phenomenal days. Probably easier to transition to another market than to transition out of trading and being back in 4 years, no?
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This may be the case but from here on out I am letting my autotrading software take care of the markets for me. If I find a profitable strategy in other markets I will let them run. I have been trading stocks and index futures full time for almost 3 years now so that is what I know best. I truly believe now that my software can trade better then I!!! The only time I actually add value is when the market is highly volatile (during fed days, earnings releases, etc.) during a volatile market.... (which we don't have now). When trading is a no limit poker game I do very well. Now its a limit game and you are playing against bots that will keep things boring and orderly for as long as they can.

As I am typing this we are breaking through the declingin 50 day SMA with a strong dollar and rate worries 20% real unemployment and nothing but bearish news in site. You think this is being done by human players? Guess what.... my autotrader is in a long position.
 
Edges just changed. Trading is different. I struggled few months in 2009 than adjusted my discretionary trading. But I do not think that in 2006 etc was volatility higher. Oh, and it is not possbible gain (and lose) such big amount in so short time like in 2008.

What I can say for sure trading is less news based now. News must be in line what says "bot analyse" otherwise is ignored. They just fuel what will happen without them just slowlier.
 
DEMO short here at 1108.75 - 2 point stop.
Not shorting this monster with real money, lol. Sure way to the poor house. I need to learn code so that i can automate a good long only system.
 
vol ,is this where they unload their sh puts and load up on some 111.calls, see the volume in 11 and 10 puts and 11 and 12 calls
 
This is a perfect situation - psychologically speaking - for the markets to reverse: shorts have been squeezed twice: yesterday into the close and today after 11.00am.

There must be desperate traders who need to make up for their losses and will buy at current levels, with the belief that "this markets can only go up".

Buy and hold may become today's strategy for those who missed this upthrust and are in desperate need to recoup some losses.

So far there is no indication of this uptrend reversing its course; however, if ES were to drop back below 1104 some late longs may shit their pants and feel in trouble.

I was tempted a few times to click "buy" as this thing was moving up. I am glad I didn't, because it's just plain stupid although it may be the correct way to make money these days.
 
Quote from Pholeuon:

Oh, and it is not possbible gain (and lose) such big amount in so short time like in 2008.
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Interesting comment ...

You don't believe that the money is more a function of the "number of contracts traded" and that the consistency of ticks accumulated is more a vehicle towards this goal rather than an end result in itself.
 
Quote from fseitun:

This is a perfect situation - psychologically speaking - for the markets to reverse: shorts have been squeezed twice: yesterday into the close and today after 11.00am.

There must be desperate traders who need to make up for their losses and will buy at current levels, with the belief that "this markets can only go up".

Buy and hold may become today's strategy for those who missed this upthrust and are in desperate need to recoup some losses.

So far there is no indication of this uptrend reversing its course; however, if ES were to drop back below 1104 some late longs may shit their pants and feel in trouble.

I was tempted a few times to click "buy" as this thing was moving up. I am glad I didn't, because it's just plain stupid although it may be the correct way to make money these days.
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i like your way of thinking:p
 
Quote from Brianharvey:

DEMO short here at 1108.75 - 2 point stop.
Not shorting this monster with real money, lol. Sure way to the poor house. I need to learn code so that i can automate a good long only system.
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take the point and run here at 1107.75 for +1
Shouldn't think they'd let the market fall much further.

looking to take a REAL long soon on my SPX.
 
Quote from fseitun:

This is a perfect situation - psychologically speaking
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Bots don't know much about this psychology you speak of... it's just going to go a bit over their silicone heads.

I just programmed a new bot that will go live on Monday. Here is the code:

If market open = true then
buy next bar at market;

I will have this working on a one minute time frame.
 
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