ES Journal Archive (2011)

Status
Not open for further replies.
Quote from Billybob543:

agree...I like your charts ammo but I must admit that I haven't yet been able to figure out how you make money...
More...
timing is a bitch,always a day or 2 early,can't use stops either,would have been killed 10 times now shorting this thing,so i avg with a max stop loss,ride a lot of heat back to profit majority of the time,occassionally get burnt
 
Quote from Laissez Faire:

2 tick new high in YM.

Wish I could get the chance to join here. Maybe I`ll just have to tag along even if we look due for a retrace. :(
More...

I usually get a pretty good read on a DT or a breakout based on the volume profile. Price tends to travel to the edges of of the ledges on big moves like this. In a bullish condition, price will usually travel to the TOP edge of a volume cluster. In a bearish condition price will tend to travel to the BOTTOM edge of a volume cluster. If we don't have an "edge" right at the HOD, then when we get there I am expecting a breakout. An example for this move is attached. 71.50's was where I expected price to hold if the bears were going to even attempt anything. Then looking at the TICK and confirming closes above 600, breakage of bearish TL, etc., and I was looking for the break. .02 as always :)

EDIT: I quoted the wrong post, whoops!
 

Attachments

Quote from Laissez Faire:

Watch out at 76,50 or emg target . :)

Since I missed most of this up move, I would love us to crash from here, but that`s probably just me fantasizing. :)
More...

who cares, does emg ever get filled :D
 
Quote from ammo:

timing is a bitch,always a day or 2 early,can't use stops either,would have been killed 10 times now shorting this thing,so i avg with a max stop loss,ride a lot of heat back to profit majority of the time,occassionally get burnt
More...

seems like you go for the wider profit targets...maybe consider the larger timeframe trend and use your methodology to buy the dips and sell the rallies...might help you reduce some of the heat....just a suggestion :)
 
Quote from Billybob543:

seems like you go for the wider profit targets...maybe consider the larger timeframe trend and use your methodology to buy the dips and sell the rallies...might help you reduce some of the heat....just a suggestion :)
More...

I've watched where ammo adds, and he really is adding at the best possible spots. As long as you pick the right places to add based on volume (instead of panic adding) I can see how he would squeak it out when it gets hairy. The key is just relaxing through a trade going against you, and only adding at the absolute best places. I don't know if I would have that discipline.

I'm thinking another new high here. I don't think this move will survive a pullback, so I'm expecting it to go from here.
 
Quote from Billybob543:

seems like you go for the wider profit targets...maybe consider the larger timeframe trend and use your methodology to buy the dips and sell the rallies...might help you reduce some of the heat....just a suggestion :)
More...
i usually take some off and re add,sometimes(today)i get stubborn and burned
 
Status
Not open for further replies.
Back
Top