ES Journal Archive (2011)

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Quote from Jgills:

When you say your profit target is 1 point, do you mean like 1214.25 to 1215.25?
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No, it's a joke related to how EMG laughed at us all the way to the bank during months saying that he would enter at a price that was actually his target (i.e. he was trading in the opposite direction).

Many people lectured him about what an idiot he was while he kept cashing in.

Genius, a freaking genius!

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So far looking like a down trend day. May be a push down to buy cheaper, though... now where's my tinfoil hat... :eek:
 

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Not sure if emg is planning to widen his profit target or what, but Wednesday`s high which is also S1 acted as resistance for now.

The current bottom was made at Wednesday`s close.

If we trade above Wednesday`s high and find support there, I guess that means a potential gap fill above.

Not always though, as it could just be a deeper retrace up to the 20-EMA before turning. :)

ADD: 50% lining up with the 20-EMA at 42. Be aware.
 
Quote from Picaso:

No, it's a joke related to how EMG laughed at us all the way to the bank during months saying that he would enter at a price that was actually his target (i.e. he was trading in the opposite direction).

Many people lectured him about what an idiot he was while he kept cashing in.

Genius, a freaking genius!

----

So far looking like a down trend day. May be a push down to buy cheaper, though... now where's my tinfoil hat... :eek:
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I am very new to the thread but i figured out that emg means opposite of what he says....really awesome dude.

I presume - when emg says, he cancels order, then probably he is booking profits.

I haven't followed him for long, but looking at it it seems seriously emg has developed a very good system to forecast daily ranges and daily direction, and most likely just take 1 or at max. 2 trades a day and tries to capture on an average maybe 0.1-0.3 of daily's range everyday. So, if average RTH daily range of ES in 2011 has been (lets say 12 points), emg must have been capturing 1-2.5 points per day (I mean 1.-2.5 average winning points per day, net of losing days that he must be having)......thats some serious money. and definitely a system worth applauding.
 
Quote from gmst:

I am very new to the thread but i figured out that emg means opposite of what he says....really awesome dude.

I presume - when emg says, he cancels order, then probably he is booking profits.

I haven't followed him for long, but looking at it it seems seriously emg has developed a very good system to forecast daily ranges, and most likely just take 1 or at max. 2 trades a day and tries to capture on an average maybe 0.1-0.3 of daily's range everyday. So, if average RTH daily range of ES in 2011 has been (lets say 12 points), emg must have been capturing 1-2.5 points per day (I mean 1.-2.5 average winning points per day, net of losing days that he must be having)......thats some serious money. and definitely a system worth applauding.
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when was last time emg was filled? (even if he is fading his calls, as you claim) i'm new here too, i've never seen his target which seems always so outside the market ever reached?
 
Quote from macho grande:

when was last time emg was filled? (even if he is fading his calls, as you claim) i'm new here too, i've never seen his target which seems always so outside the market ever reached?
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even if he is not getting filled, he might be closing after few set hours or at end of day, still i reckon will bring profits.
 
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