ES Journal Archive (2011)

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Quote from bighog:

Tytcoonman, all kidding aside.

I lately started using OCO stuff like he said to you. It is a crutch we never had long ago, it helps. But we all know toys do not make the man. learning how to trade comes from mistakes, losers all give you information, winners just confirm what you learned from the losers.

Thus, money is not the driver. What was that chess player that wanted more money to play and then later went off the deep end and was dead at 64.??
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i don't really consider my calculations a crutch -- they are on days when I start losing and my confidence in my calculations go away and I end up making even more mistakes...its a horrible spiral.

we had MATLAB last semester and I just started playing around with averages when I was on my sim acct. and I shit you not, I had a 500% profit in 3 weeks based on the algorithm -- i kept the same variable trading conditions as when I would go live and tried to incorporate everything, but did not account for the psych. burden of losing days.

I really feel like I have a winning algo but need to take me out of the equation. I think ill goto IB API and make an auto-trader.
 
Quote from letemrun:

short 70.5 stop 75 target 60.5

edit: bracket on im going for vodka!
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covered at 63 thanks to 3G (I know for some it doesn't count cause it aint real time...)

Enjoy your weekend all, have some vodka on the house!
 
Quote from letemrun:

covered at 63 thanks to 3G (I know for some it doesn't count cause it aint real time...)

Enjoy your weekend all, have some vodka on the house!
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just had whiskey on ice. have a good weekend.
 
Still in play for next week



Quote from volente_00:

we are within 10 points of a major squeeze


whether it comes from the 76 area r10 or we trade down to 67 is what I can't answer for sure. As of right now the area to project to is ~1312. if we tag 1267 then that area will move to ~1307

Short side is very heavy and lot of fuel to make it happen
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Quote from volente_00:

Still in play for next week
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There's a problem with the SP500 right now.

When the shoulders of an inverse head and shoulders are flipped from support to resistance the market has a high probability of taking the head.

You can see in my chart how the projected pivot of the uptrend channel trendline reacted all the way to test the shoulders from below only for price to be not only slammed out of the channel but even close below it.

In order to get further upside we need to see price above the previous shoulder area of 95 otherwise it could be a quick slam dunk for the bears down to the 200 SMA and eventually bend it and take the previous head area in the 1240s.

FoN
 

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Quote from volente_00:

You been killing it from the shortside?
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http://www.elitetrader.com/vb/showthread.php?s=&postid=3205457#post3205457 (page 16998) ...so far no bulls in site ,now at 69 ledge and no buyers,next 29-35 cleavage ,bulls holding their ankles praying for an exp rally,what does wall street do to you when your already in the holding ankles position,think Lehman ,holding since 1310 for exp,lightened up on the close
 

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spx alltime,havent hit the lower line since 1982,volcker's solution was to raise interest rates to 21%,in comes greenspan and we've pushed the lie/debt forward every election,truth time since all the lies have been exposed/ credit exhausted ,long shot but logical,we cleanse
 

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Quote from ammo:

spx alltime,havent hit the lower line since 1982,volcker's solution was to raise interest rates to 21%,in comes greenspan and we've pushed the lie/debt forward every election,truth time since all the lies have been exposed/ credit exhausted ,long shot but logical,we cleanse
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nice chart, but i'm doubtful that the collapse of western civilization is monday's trade.
 
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