ES Journal Archive (2009 - 2010)

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Quote from HuggieBear:

Plan on closing my hedge/short there...
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Target reached. I don't know how he picks his
entry points, they they are sure excellent targets....

P.S.: What I also don't get why he doesn't reverse the strategy and ride it to his entry points instead of waiting to get there? :confused:
 
Quote from Pekelo:

Target reached. I don't know how he picks his
entry points, they they are sure excellent targets....

P.S.: What I also don't get why he doesn't reverse the strategy and ride it to his entry points instead of waiting to get there? :confused:
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Yeah I am going to start executing that strategy for him :)
 
Quote from volente_00:

So maybe I was wrong. Care to tell me what those facts were ?
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With pleasure...:cool:

Stop means STOP for the session...

Grand slams are few and far between...you provided some worthwhile statistics related to profit goals...6 points was a very good #...

Even that became difficult when the volatility dried up..

DONT turn a winning trade into a loser...

Other than that, I cannot keep up with your cryptic idioms:D ..and don't try.

Smart trading to you et al...

NiN
 
Quote from petty1978:

tomohawk I do have an ES Outside Day technique that work great. Inside Day, I don't.

For this technique, you need to be looking at the 30 m Bar ONLY, and at the Full Globex ES Session.

Example:

Stops are going to be larger and positions need to be adjusted accordingly. This can either be used to swing trade or as an intra-day guide, knowing the market wants to head UP.

SO THEN

If today is the outside day then today is day (0) and yesterday is day (1). Day (1) can be an up or down day and day (0) can be an up or down day and there is nor particular structure to the daily bar except the following logic:

Day (1)
1) Find the Full Globex low of day (1) on the 30m bar only.
2) Make sure that 30m Bar does not share that low with any other 30m Bar. It is exclusively the low on that time frame.
3) Make sure that the 30m Bar low is not the 16:30 est bar.

Day(2)
1) Find the low point the very same way

THEN

Connect the two low point to create a trend line. When price reverts back to this trend line "Swing [long] back to Day (0) Full Globex Session [high]"

This does not happen every day obviously but when it does it is a nice trade. I have not looked at any other Emini indexes to see if this works but I am sure it correlates. I like to use the ES charts as guides.

The Short Set Up is exactly the opposite! Check it out let me know what you think.

I will re-read this and make sure I did not leave out any logic, if I did I will leave an "edit" comment at the end of this post.
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This technique is setting up, today has to close out and logic has to be applied to it first...but we will see...I will break it down EOD and then we can watch and see if it ever plays out.

EDIT: remember this is a [guide] and allows you to have a general idea if price is going to rise or fall and "at least" to what level...it is nice to use trade signals that correlate with the direction the guide is pointing to.
 
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