ES Journal Archive (2011)

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Quote from gkramer:

Why trade against the trend, and try and fade the momo? Nothing but higher highs and higher lows since Monday pre-market. 55 was the bottom of the channel today, and was also a measured move almost to the tick. Tues high > AH low > AH high > 55ish. Didn't expect 96 today. Volume indicates short covering. But Vol's 80 (back to the top of the channel) was a very good bet. Nice call btw.

The trend is your friend, unless fading is your specialty like ammo.

Later
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Ok 2 points I need to make. The trade was at a point where momentum idicated a reversal. It did not happen and my mistake was that I should have taken a smaller loss and I would have actually profitted by the stop/reversal that i didn't take. It was mistake on my part. I agree with you related to trend.

Also earlier in the day 8:15 I had a nice short from 117400 and that came through but did n't post it as I was busy with a euro trade and that was also based on a momentum shift..

good luck
 
Quote from gkramer:

Why trade against the trend, and try and fade the momo? Nothing but higher highs and higher lows since Monday pre-market. 55 was the bottom of the channel today, and was also a measured move almost to the tick. Tues high > AH low > AH high > 55ish. Didn't expect 96 today. Volume indicates short covering. But Vol's 80 (back to the top of the channel) was a very good bet. Nice call btw.

The trend is your friend, unless fading is your specialty like ammo.

Later
More...



The best entries come from fading
 
Finally decided to trade with overall trend. We had a pullback at end of day, but market opens around 6:00 pm EST or 3:00pm PST.

Waited to see if any news would push it down more, when the market could not go down anymore, went long using magic line with dotted line above to indicate trend was up. Originally set to get 3 points which I could have gotten, but did some other stuff and when I saw i was up 2 points, took that profit to end up day profitable.
 
Quote from ammo:

obvious now pic,but after your post,the ratio increased steadily to the upside.like a trenday with the dvol flatlining,at the time of your post looked like an inside day,expiration week is always a big bag of tricks
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This is the main reason why Ive been standing on the sidelines this week.

Examining how things develop.

I'm bearish but still early to short.

FoN
 
Quote from ammo:

obvious now pic,but after your post,the ratio increased steadily to the upside.like a trenday with the dvol flatlining,at the time of your post looked like an inside day,expiration week is always a big bag of tricks
More...

you just have to bring some mojito magic to out trick THEM on oe


:)



Quote from volente_00:

113-120
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