ES Journal Archive (2011)

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Quote from Picaso:

IMO, normally yes, but keep in mind: lunch + pre-Bernanke => the probabilities of head fakes increase dramatically (as in mini-stop runs)

(Now we get a 10-point 5' bar :D:D:D )
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I do agree pretty much agree, unless I can get a clean entry and quickly reduce risk.

Bernanke in 60 minutes, right? Anyone know how long he will speak?

I actually considered taking the rest of the day off from here.
 
Quote from gmst:

ammo can you please explain this slightly more clearly. it will help me follow. Thanks
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that chart has the blue line as dvol,when it flatlines ,meaning no sellers, and the yellow line is rising meaning an increasing ratio of buys to sells,its a trendday,untl the ratio begins to shrink or the blue line starts to rise meaning sellers are coming into the mrkt
 
Quote from Laissez Faire:

Understood.

What charting software are you using? Investor RT?

So, did you miss your entry totally or what?

If I were considering that same entry and we started putting in consecutive higher lows just above your entry level, I would get even more interested in the trade. The risk could still be contained with a tight stop.

Everyone is of course smart in hindsight. :)
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Yes using IRT -- yes I totally missed it, and not one single 1 minute bar low was broken until 1206 area, so no opportunities for re-entry. Pretty much it was get on or be left. One of my biggest weaknesses is re-entry on missed trades. I had the sinking feeling in my gut as it popped from 96.75 that the train had left, and it was now or never, but I am not yet skilled at just clicking the buy button when it would benefit me to do so.
 
Quote from ammo:

that chart has the blue line as dvol,when it flatlines ,meaning no sellers, and the yellow line is rising meaning an increasing ratio of buys to sells,its a trendday,untl the ratio begins to shrink or the blue line starts to rise meaning sellers are coming into the mrkt
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Thank you :)
 
forexfactory calendar saying ben speaks at 1:15 EST

dailyfx calendar saying ben speaks at 12:30 EST


whatever, I am out of the market for next two hours, unless something dramatic happens
 
Quote from JoshDance:

Yes using IRT -- yes I totally missed it, and not one single 1 minute bar low was broken until 1206 area, so no opportunities for re-entry. Pretty much it was get on or be left. One of my biggest weaknesses is re-entry on missed trades. I had the sinking feeling in my gut as it popped from 96.75 that the train had left, and it was now or never, but I am not yet skilled at just clicking the buy button when it would benefit me to do so.
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That is a skill that can be learned.

Simplified thinking: "Based on my analysis, I`m expecting a pullback to 96,50. If however price does not pull back that far and we start putting in higher lows, I will enter at a higher level if I can get a clean low-risk entry and the R/R is still justified."

Then you know how to act when it happens. Prepare for multiple scenarios.

Are you satisifed with Investor R/T? My license on NT is running out soon and I have been considering switching to Investor R/T.

Can you trade from the charts or do you enter from the DOM?
 
Quote from Laissez Faire:

Cute little flag here at the highs after this little morning rally.

1205 - 1207,50 is the dead zone.

Trading outside this area could set-up a nice trade, yes?
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New highs out of the flag. Flags usually mean pausing before continuation in a trend.

Filled long @ 1207,50 the R/R should be acceptable up to 1210 for a scalp.

Could easily see 1215 or even a gap fill by end of day. If that is a possibility, one could enter even higher.

Hard to tell though.

R1 = 1210.
 
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