ES Journal Archive (2009 - 2010)

[trader198]

gee, get my loss back in es. will not play ES today

 

[Arcanine]

Quote from Rashid_G.:

Just started a couple of weeks with OR. So far I am surprised how useful it is.. like an AHA! moment. Seems most mornings there are beautiful trades to take - I would love to find a way to test it. For a trader that wishes to trade less and avoid chop it is very useful WHEN used dogmatically. There are bits on the net about it but I am sure it's application changes periodically depending on volatility so always a moving target.

Thanks, I will look into it some more. Still learning the ropes, as it were.

 

[Arcanine]

short 1070.25 on sim

2 pt stop, 4 pt target

 

[Arcanine]

Quote from Arcanine:

short 1070.25 on sim

2 pt stop, 4 pt target

Moving stop to B/E

 

[Pekelo]

Alright ladies and gentlemen, it looks like we are having a bona fide dragon Failure, as I expected:

The math: 1078-64= 1014 for the 3rd bottom

Notice the pretty SMA bounce at 1078, which is also the usual place for Failure...

If this dragon plays out nicely, we shouldn't pass 1078 cash, so you can use it as a SL...

 

[Arcanine]

Quote from Arcanine:

short 1070.25 on sim

2 pt stop, 4 pt target

Taken out at breakeven. Came 1 tick away from profit.

 

[Decel]

Quote from Pekelo:

Alright ladies and gentlemen, it looks like we are having a bona fide dragon Failure, as I expected:

The math: 1078-64= 1014 for the 3rd bottom

Notice the pretty SMA bounce at 1078, which is also the usual place for Failure...

If this dragon plays out nicely, we shouldn't pass 1078 cash, so you can use it as a SL...

It's at this point that the dragon is active?

 

[Stock]

Quote from Pekelo:

Alright ladies and gentlemen, it looks like we are having a bona fide dragon Failure, as I expected:

[pic removed]
The math: 1078-64= 1014 for the 3rd bottom

Notice the pretty SMA bounce at 1078, which is also the usual place for Failure...

If this dragon plays out nicely, we shouldn't pass 1078 cash, so you can use it as a SL...

Does your dragon care about the fact that the low on the 25th (1040.78) was not hit yesterday (1042.17)?

 

[Pekelo]

Quote from Decel:

It's at this point that the dragon is active?

Yeah, it is active and in play as long as we don't pass 1078....

And no, it doesn't care about 1040.75 low...

 

[Decel]

Quote from Pekelo:

Yeah, it is active and in play as long as we don't pass 1078....

And no, it doesn't care about 1040.75 low...

What are the criterias for it to be active, and does it have a maximum lifetime? (ie: days limit)