ES Journal Archive (2009 - 2010)

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Quote from ammo:

that 1150 trip top is acting as support, nq and djt still havent hit wed hi's, sorry ,i guess nq broke above for a second....uvol/dvol dead even.....add 47.5....avg 46.5
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reduce 1 /4 43.5
 
Quote from volente_00:

How many breakout traders do you know that are profitable and trade es ?

I know of zero.

Es exhibits a high level of mean reversion and a lot of back and filling. This chops breakout traders to pieces most of the time. This alone makes it a great candidate for CT traders, even biased one like ammo because it retraces quite often to force weak holders out before the next move. Given this fact, an intraday trader of ES can often make more than the trend trader will for the day due to the mean reversion and choppines of es considering it spends the majority of the time range bound and reverting back to the mean.
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In that scenario, you are in chop which happens between the trends and you do have a point as chop does seem to exist more often. Bottom line, seems that in the Pantheon of trading stands CT trading, creating a sometimes wrong aspiration for us noobs.....

whoa.. a sell-off??
 
could this be the day?????

ammo if u only go short and ur making money or managing risk in an uptrend i give u mad props. one of the few guys on here i respect.
 
Quote from Rashid_G.:

In that scenario, you are in chop which happens between the trends and you do have a point as chop does seem to exist more often. Bottom line, seems that in the Pantheon of trading stands CT trading, creating a sometimes wrong aspiration for us noobs.....

whoa.. a sell-off??
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test of weds high after the break out



I say 45.5 cash is the best bears will do today


10:30 is just around the corner and r10 on june
 
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