ES Journal Archive (2009 - 2010)

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Quote from petty1978:

No offence taken.

Things take time to explain. This is my 12th day in here in posting.

Primarily, I am not in here to SHOW how I intra-day trade. I am not here to explain my trading models.

Primarily, I am here to show how many of my guides for the ES work. They offers someone who wants to learn how to understand the larger swings in the ES a smaller learning curve.

This allows me to post larger swing ranges and why.

I understand how to trade via really complicated measures, that is why I can trade successfully trade in simple ones.

I have chosen to share this style because it IS different than what is in here.
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Thank you for your efforts petty. I'm taking some notes on some ideas and at a later date will spend some time to investigate and develop them, and it may lead me on a totally different tangent, I'm sure I'll learn many unexpected things.

Its the same with a trading book I use it primarily to generate ideas to investigate, others take the 1,2,3 spoon feed me approach.
 
Quote from EON Kid:

Thank you for your efforts petty. I'm taking some notes on some ideas and at a later date will spend some time to investigate and develop them, and it may lead me on a totally different tangent, I'm sure I'll learn many unexpected things.

Its the same with a trading book I use it primarily to generate ideas to investigate, others take the 1,2,3 spoon feed me approach.
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I totally understand. I can respect learning things slowly, not to take you from money making activities.

If you ever have any detailed questions about anything I have posted, PM and I will answer them for you.
 
Quote from petty1978:

Also, most of my ES [intra-day] trading signals are short. I have found that intra-price action is much more reliable on the short side (based on my techniques). I have been doing this since early 2007. However, my models have changed and become much simpler.

80% of the time I am in a short trade, intra-day only [Swing wise it varies]. I trade intra-day mostly on reversion techniques. This coupled with being short 80% of the time, almost always keeps me out of the market or the right side during huge, fast drops [yeah the markets melt up but differently than drops]. It is just my preference. I trade for others, thus contracts being traded can get up there and this protects capital from "The Unknown". It makes me and them feel all warm and fuzzy.

I trade 6 signals, and I trade those each on the 30m bar, 5m bar and I trade one of them on the 1m bar as well. I do this for various reasons, one being I am concerned in protecting capital and preventing large losses. I don't want to take any portion of capital and have it trading any one signal no matter how reliable it is. Everything is gets evenly spread out and I am heavily bent on letting statistics create my profit curve.

I could care less if I catch huge unexpected gains, I never "ride" out a move...I trade year to year off of ranges that are predetermined by previous ranges...its systematic and it allows me to project profits for me and clients and easily determine maximum losses...this allows me to run a real business from erratic "unpredictable" markets.
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as I say "all very fascinating indeed"

Along with AP you seem to have an "altruistic" component within your nature that compels you to share the fruits of your hard work with others.
A very rare commodity these days.
 
Quote from wave:

rashid 3pts right there. I am short from 91.50 and holding to 81.50.
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Well, back to BE, so far Emg is the King... It is a pity, you were up 7 pts...
 
ES rule of thumb:

**I can already hear it. I know this may not be mainstream and you wont find this in a book but that doesn't mean it isn't valid**

Anytime a days overnight session and its RTH session share a low or a high point at the time of settlement, take the full H/L range and expand 200% up and 200% down and create 2 separate price levels. When price moves to either of these levels (its an either or, one voids the other) price is exhausting its move and will start consolidating for a swing.

When I start seeing different guides creating similar levels through expansion ranges, I know I am seeing serious resistance or support for a larger move and I am then starting to position myself. If I have at least 2 guides setting up similiar levels I know I am seeing a money making move.

AN EXAMPLE:

ES 5-24-10. Look at this day. The 6:30am est 30m bar is sharing the low with the 16:00 pm est 30m bar. Expand your ranges and you get 1126.25 to the upside and 1132.50 to the downside. These level correlate with various other guides I use and there is a confluence of levels that are being painted. So I know these levels are very important.

There many many ways to look at session correlation via geometry and basic mathematical principles that are not taught to the public.
 

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Quote from Pekelo:

Well, back to BE, so far Emg is the King... It is a pity, you were up 7 pts...
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What are you, a spokesperson for emg? Or are you emg? Still going for a 1-pointer, god forbid?
 
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