ES Journal Archive (2011)

[ammo]

Quote from ammo:

reduce 38.25,avg 37.8,,thanks tomahawk, for breaking that down

reduce 32.75

 

[ammo]

Quote from tomahawk:

That first stat I mentioned was a little ridiculous:
200 (+55) ... 255 -10% to 230 ...

- talking about timing a 27% overshoot of the double (200) to get a mere 10% retracement. But the point is to start looking for a decent retrace once the double is hit, and for up to about 50 pts beyond. That's been the pattern going back 30 years.

You might have caught this one right here, with the high a mere 10 pts overshoot (1332 + 10). A 5% retrace would take us to about 1275.

on that all time chart the upper line reduced is appx 1331,a broken resistance now a support test

 

[ammo]

reduced

 

[noaveragingdown]

L ES 30.75 Stop 25 T 42.75

NAD

 

[NoDoji]

Quote from Chuck Krug:

i'm sim trading a scalping method today
i'll be selling overbought + 1 add with a wide disaster stop
and buying oversold with 1 add

sold at 39.25 trying to get an add at 3975 but no fill
disaster stop at 43.75

Having tested this quite a bit in sim some time ago, my experience was that the disaster stops tended to wipe out many smaller profits. I'd give it a good test run before taking it live

 

[NoDoji]

Currently, 1315.00 is the 20-day EMA - possible counter-trend swing target.

 

[ammo]

27.75 bid for a reduce....cxled

 

[Chuck Krug]

that's what i just found out, when the market kept on being oversold

back to the drawing board

Quote from NoDoji:

Having tested this quite a bit in sim some time ago, my experience was that the disaster stops tended to wipe out many smaller profits. I'd give it a good test run before taking it live

 

[tomahawk]

Alot of these short holiday sessions tend to be one-way days. Not as much time to count on a good intra-day retracement for a bailout.

 

[ammo]

Quote from ammo:

reduce 32.75

reduce 27.75