ES Journal Archive (2009 - 2010)

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Quote from codliver:

when market is going up....buy
when market is going down....sell
when market is going sideways buy and sell or rest as the market is doing

guessing about "wot next" is of no concern to the trader who has "arrived".....he /she only looks at chart and looks for signal...ultimate is one signal only.....at best locations on chart..there are only 3 or 4 pictures all day everyday......same patterns, point production varies......take what it offers you or watch.
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If you buy when the market is going up, you are indeed "guessing about 'wot next'" - you're guessing it will continue to go up.

The market is always going up AND down... this is what makes a market. Whether you get good at "guessing" continuations or reversals, as long as you have signals that work, what does it matter?
 
up or down means trend......one man's trend is another's retracement and vice versa.....

i know when the new trend/run/channel is beginning and will continue because i can read the candles, patterns, charts, etc. well enough to recognize the true turn or the zero starting point of the next run.....lines are crutches...I still use them but know how to read without them......they are a lazy man's tools..

This is not an easy or short term accomplishment.....it will take many years, but if your many years are spent learning everything but how to read the chart, you will never achieve high accuracy....u will always trade the high anxiety stuff....

volume....s/r....news..these are all weaker tools, all in the lower level of learning...those are money makers but are not the low anxiety creme de la creme....

candles, apex/zero starting point identification is the ultimate...EMINIS INTRADAY.....MAKE UR MONEY IN THE MORNING LOSE IT IN THE AFTERNOON........if u have access to a 240 min chart see the big bar am then look at afternoon bar..year in and year out.......... .IMHO only...no offense intended ....only an attempt to give the honest ones a little truth in a sea of misinformation....
 
very shortly the objections will come forth as I am so disruptive? have u noticed everywhere u go looking for emini daytrading info u find the same stuff deja vu all over again? and very few win? could it be that the box is running over?

truth is , there is nothing new, only something simple...up buy down sell...sideways rest or buy low sell high with low expectations no great than the whipsaw u r diddling with.....

if u must use lines access the least square moving average......blows all ema and sma lines out totally.....it is a smoothing earlier real turn but not nearly as reactive.

find the one to suit ur time frame and always and only trade with it........as my old boss who lost $5 million dollars in 5 yrs. of intraday trading emins es only.......once said "it ain't rocket scientist" ......being intelligent has zero to do with this stuff, in fact if u r too smart you are in trouble...u r most likely a leader...one must be a follower...the market offers, we agree......
 
thanks for trying porge , but as usual you only hinted at something that could make sense , insinuating you had the answer , but not revealing it, when i 1st found this journal jss, apex 82, mbusch ,B1S2, LC, Vol,Vertigo, a lot of guys were donating info to help others learn,and i'm thankful to all, u seem to only hint at what you know, never revealing such, i don't know if it's your intention but it's a tiresome tease, toss in some concrete helpful trading clues once in awhile, this journal started by B1S2 was initially an example of ways to make money in the markets and he explained why he got into trades and how he managed them.. if u have something to share ...please do
 
ALL EMINI DAYTRADERS.......learn to id APEX AND ZERO STARTING POINT OF NEW TREND............. buy low in trend up and sell high in trend down..i cannot be any clearer on that......enter pullbacks.....with trend.....that is my system......I HAVE GIVEN ALL I HAVE....IT AIN'T ROCKET SCIENTIST...
 
So are you another hindsight analyst or do you ever post your trades in realtime?

BTW whatever happened to mbusch? He was the best! :)
 
i'm sh and will probably cover , the weekly has a tl at 1142, the mp has a nip at 41, andy askey has a time cycle date of mar10, the overnite foriegn exchanges may purchase on fridays strength, if we start to go lower there is supp temp at 1125 on the hourly... below is the weekly
 

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