ES Journal Archive (2011)

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It seems that a devious trader and poster hijacked my computer today--he was a counter-trend bottom-picker. Fortunately he got out without losing any money and made a few bucks even, but I'll do my best to secure my computer so that this shady character does not compromise my trading platform or this thread again!
 
Quote from JoshDance:

It seems that a devious trader and poster hijacked my computer today--he was a counter-trend bottom-picker. Fortunately he got out without losing any money and made a few bucks even, but I'll do my best to secure my computer so that this shady character does not compromise my trading platform or this thread again!
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GFU, your FOS
 
Quote from gmst:

Thanks Ammo for your comments.

Thanks Picaso for well written comments. Appreciate it.

Ok, let me ask a question:

I have only IB as the data source. Is it possible to get Tick, Trin, Advanced-decline from IB data source. I know IB data is a snapshot - does it affect quality of Tick$ quality substantially ? Sorry if these are basic questions, somewhere I need to start.
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You're welcome

Unless you're going to start some HFT fund, IB's feed is fine.
 

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Quote from JoshDance:

It seems that a devious trader and poster hijacked my computer today--he was a counter-trend bottom-picker. Fortunately he got out without losing any money and made a few bucks even, but I'll do my best to secure my computer so that this shady character does not compromise my trading platform or this thread again!
More...
we dont need no shady bottom pickers round here
 
Quote from Macho:

Gmst, since you said you were or are successful in forex;why not just stick to it? Why try to look for 'trouble' with ES.

What ever you decide keep it simple and then make it simpler.

The idea that you are going to be prepared to lose a small amount of capital to 'learn' is plum crazy,especially if you are starting with just 5000.:eek:
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ES is highly correlated with forex - especially Euro. However, there are times when ES offers opportunity to make money in an uncorrelated fashion with forex. I am trying to develop some edges in ES which will help me diversify my total PL. This is the rationale why I am trying to pick up ES trading.

Edit: Also,
1. I think trading ES 'could' be easier than trading forex, as lots of market internals data like A-D, tick, trin, volume, leading sectors etc. are available for ES/Stocks. No such data is available for forex.

2. This is really long term - however, trading ES in large sizes (1000-5000 lots+) in and out multiple times intraday should be easier than doing that size in forex - as your primary MMs in forex are individual spot traders in big (4-6 major banks). However, your c/p in ES is loads of fund managers, real money investors who are anonymous - so possibility of someone applying game theory against you in ES is much lesser compared to forex, when you are trying to move size in ES.
 
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