ES Journal Archive (2009 - 2010)

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Quote from Gabfly1:

As indexes go, you boys do realize, of course, that TF has roughly twice the daily range of ES and a smaller tick size. Right? Heck, its RTH range has even exceeded that of CL lately. I'm just saying.
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Please elaborate (if you're finished trading for the week. Interesting post.)
 
Quote from LEAPup:

Previous poster, great point! I don't look for a 2 point move in the ES. I used to do that. I was happy to be able to say, "hey I made money!" Now it's a laying and waiting game. It's PERFECTLY ALRIGHT to NOT be in a trade if "prey doesn't come by close to where I'm laying I wait." Meaning, I don't chase or fight a trade anymore. Both cause pain...

I'm looking for my winner to run, and loser be cut quickly. Oh yes, Babe Ruth used to strike out more than the average player. However, when he made contact with the ball, he "knocked the crap out of it, and ran the bases."
Loss as much as winning is a great teacher.
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The million dollar question is how do you know in advance this is the real reversal and not just a minor dip? Actually, I believe there is a way to know this but by know means easy or 100% accurate.
 
Quote from schizo:

On a bullish day like today, you need only monitor SMA(50) on the 5m chart. It works like a charm!
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If you're "eating prey," and doing it effortlessly with a setup as simple as this, that is tremendous!

Please elaborate on what you're doing. What are the indications you look at to determine you will be able to devour a meal before the bigger predators show up taking it from you "mid-meal?"
 
Quote from Eko_Trader:

Quick question. Where is the next 10 ES points?
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High probability we drop to 1066.25 by close. I know it doesn't seem like it but the market needs to complete a downside move for safe trading to the upside.

We may see a jump up to the 1085.25 area but the trade seems to be a seller.

BS commentary is always relaxing.
 
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