ES Journal Archive (2011)

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Posted at 10:15AM EST

Quote from emg:

Plan on going long 1258.00
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ES LOD 1257.75 @ 12:15PM EST

Quote from emg:

1 point profit
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Outstanding prediction.

"Any fool can criticize, condemn and complain and most fools do"- Benjaman Franklin.
 
Quote from schizo:

this should be a nice spot to go all out short IMO (well, for the next few days).

currently trading at 68.
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New highs first. The black boxes that fired off at 58 will push up higher, 79ish I reckon.
 
Quote from Pekelo:

SL moved to 67.5 when at 65.5

Edit: Stopped out, 3.5 pts profit

Time will tell if I was too agressive with moving the SL or not, but finally he got the direction right and I didn't want to give it back. I don't think we will get close to 58 today, so I am biased...
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What is really interesting is not his method of coming up with the levels, which is almost obvious to anyone paying attention, but your inability to follow through on the system of your own creation.

I'd focus on that if I were you. I can tell you how to calc his levels for free (the method is public knowledge), after you master yourself, if you still need the levels that is.

How you are going to turn his "proprietary" levels into a method of your creation to make actual cash must be one of the weirdest approaches to trading that comes to mind.

Weird is good.
 
1258 is 2.618 times the first break from the HOD substracted from the HOD. At 10:15 last friday anybody had all the info to make the calc. Surprised no one has posted it.

Maybe he'll deny that's how the calc is done.

Much more important is knowing when the sweeper algo is active though...and it's obvious he has no clue about that!. There are no secrets!.

Make sure you don't hurt yourself with it!.
 
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