ES Journal Archive (2011)

emg · Feb 25, 2011

Quote from emg:

Plan on going short 1320.75

order cancel. missed by 5 ticks

emg · Feb 25, 2011

plan on going short 1323.50

jjf · Feb 25, 2011

Quote from jjf:

Thanks Pek, I will read it over the weekend.

Have you coded this dragon pattern or do you prefer to calculate it by hand

you have forgotten all about my question yet again Pek.

Pekelo · Feb 25, 2011

Sorry about that. I don't know how to code, last time I did it I was using a Sinclair ZX Spectrum with Basic....

If you want to code it go ahead, it shows up on every timeframes... Obviously the best/ most profitable ones are on the daily or hourly frames....

On bigger timeframes you have more time to notice it, so the advantage of coding it would be on the 5 mins frames...

noaveragingdown · Feb 25, 2011

Quote from paul_alan:

well done. You kept the faith, lol. Very nice rally. Where were the other longs from? I added quite a few times yesterday myself, but it all came good in the end

This is far from well done.

Nothing good comes out in refusing to take a loss vs cutting it and buying it lower.

You congratulating him for a few +2s and +4s but you are completely ignoring the 38 points of heat he took on a long that he refused to take a small loss.

This is precisely what kills traders.

ammo · Feb 25, 2011

Quote from ammo:

add 18.5 avg 16.5 19.25..avg 16 15/16

17 bid for reduce..lower bid to 15

Pekelo · Feb 25, 2011

Damn, it is like printing money...

That was one helluva clear signal with no heat...

Rickshaw Man · Feb 25, 2011

Three huge days of high volume selling, now a very low volume rally. This would raise a red flag under normal market conditions. You know a normal market without all the central bank interference.

This has been going on for the past 18 months big volume selloffs low volume rallies. Everything is meaningless now.

shakira · Feb 25, 2011

If you think the last selloff was sharp, wait till you see next week's.

ammo · Feb 25, 2011

Quote from Rickshaw Man:

Three huge days of high volume selling, now a very low volume rally. This would raise a red flag under normal market conditions. You know a normal market without all the central bank interference.

This has been going on for the past 18 months big volume selloffs low volume rallies. Everything is meaningless now.

we have the end of month window dressing and tuesday 1st of month pension,401k cash infusion ,better to let them run it up and sell higher