ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
It's pretty amazing to see such low volatility for most part of the day EVERYDAY.

Is there a plan in the Obama Admin that aims at getting rid of daytrading as a profession?
 
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.
More...

Profound implications I think - especially for entries. But, I don't recall you talking much about S/R or other key entry point indicators/tactics, except for 5-6 pt pullbacks after an r10. Would you care to enlighten us on how you identify key potential entries. Much respect BTW.
 
Quote from ammo:

the daily supp broken now res at 47 may slow down any rally hopes
More...


47 is 50% on r10 retrace


If vol comes in, buy programs will trigger and then 52.


If it holds then we may just chop 47- 42 rest of the day



chart shows an ascending triangle so odds in favor of the break up
 
Quote from Panama:

Profound implications I think - especially for entries. But, I don't recall you talking much about S/R or other key entry point indicators/tactics, except for 5-6 pt pullbacks after an r10. Would you care to enlighten us on how you identify key potential entries. Much respect BTW.
More...


Search under my name for




T day theory



r10

gap fills

ihs

h&s

ascending triangle

descending triangle


cup with a handle

support


resistance



10:30 reversal



3 am reversal


3 pm reversal


50% retracements


9/18 ma

crossover


divergence



After you read all of those posts, get back to me with any questions
 
Quote from ammo:

have everyone pull out of equities and into treasuries. maybe after the bonds close vol, we will retest that tl at 52
More...

See the IHS on cash ?


A little retracement to ~ 49 cash ~ 44 es would set up the right shoulder


would bring cash 54 + on the break of neckline
 
Status
Not open for further replies.
Back
Top