ES Journal Archive (2011)

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if this is so great how do you have losing days -same ole same ole -get over it -your lack of follow thru is why people dont have any faith -take the trader p/l thread -you stopped as usual when you took a hit -your system is flawed and i dont even know what it is -other wise you would win none stop every day -i for 1 am glad you dont have time for your awesome pesimisstic comments -good day austin p and best of luck in the future
Quote from austinp:

Two reasons

#1: emg was all too happy to include me & mine in this thread where village idiots congregated, and felt compelled to add personal insults as well. When he was refuted and proven wrong, there was no apology offered at all. I consider that gutless cowardice and a character flaw, at best.

(from September 09-16-11 01:25 PM) "If you visit ET sponsor Mirus Futures at the bottom of this site, you can click thru to => education and then => traderkingdom and then => Archived Webinars and then this link here:

That explains the concept of a few strategic price measurements, which for the people who viewed it Wednesday night could merely apply the measurement study Thursday morning at 9:36am and have Friday morning's high-odds outcome known to them by 4:16pm est Thursday."


#2: weeks ago I posted one simple formula for predicting a day's or in some cases the next day's extremely high odds price action measured at 9:36am est every day.

Yesterday, every single aspiring trader in this thread with zero exceptions could have known where downside price objectives were at 9:36am est that actually printed hours later in the afternoon. Not some vague, mystical voodoo crap... actual price action science explained in detail from A to Z that YOU can use.

**

Rest assured this will be my final post ever in this thread, because I no longer have the desire or time to play games with this profession. But I will leave you with this: no one needs deify or adulate anyone else in this profession. Everything needed to know about price prediction and trading are present in your charts.

emg is all too happy to start endless threads telling YOU how little chance you have to succeed, how you will lose, how if you were smart you'd quit trying to succeed right now.

I'm saying that message is wrong, and no one has the right to tell YOU that you are incapable of anything. The RoadMap tool is one small but very powerful part of what I do each day to take money out of the ES market on a consistent basis.

And you can, too. Each & every one of you, who wants it badly enough and is willing to work hard enough, long enough to make it happen.

Ciao :cool:
 
Quote from Laissez Faire:

I still think we may reverse from here though.

What other see as strength, I only see as counter-trend action at the moment. Perfectly tradeable though as the swings are big.

May re-enter after the swing is confirmed.

We`ll see. One of the reasons I`m not posting so many trades anymore is that I update my opinion so quickly and may get in and out several times before comitting. Posting trades then make me less fluid in my decision making process.

++1, This should end lower, just a relief rally - as nothing goes straight up or straight down for an extended period. IMO, no reason not to remain short till EoD or till proven wrong.
 
Quote from Laissez Faire:

Screw it.

Went back in short @ 1198. Stop @ 1200,50.

If we can get below 96.75's and hang out there I think you will be okay. As of right now though, I'm not so sure about this short... Good luck!
 
Quote from JoshDance:

Delta -- I would view this as bullish, but all is open to interpretation.

http://screencast.com/t/i9PAdMhe5

Josh, it seems first chart is ES price action, on the right side is volume at different prices and 2nd chart is Tick ? Am I reading it correctly ?

And you are suggesting even with high volume and tick going down, price has not gone down......Correct ?

Can you pls define what you call delta ? Thanks v much
 
Quote from gmst:

Josh, it seems first chart is ES price action, on the right side is volume at different prices and 2nd chart is Tick ? Am I reading it correctly ?

And you are suggesting even with high volume and tick going down, price has not gone down......Correct ?

Can you pls define what you call delta ? Thanks v much

The top chart is a 500V chart. The bottom pane is delta, which is defined as the difference between buy volume and sell volume. The histogram on the right is volume at price (volume profile)

My point was this yes--sellers selling, yet price is flat. Bids holding, eating up sell volume. And in this case, it turned out to be a bullish sign as we have just seen it up out of the consolidation. Kind of a twist on wyckoff's effort vs. result.
 
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