ES Journal Archive (2011)

Status
Not open for further replies.
Quote from JoshDance:

Yeah definitely, hope it works for you. Regarding SPX vs. ES volume, it's only a minor interesting note that they can be different. I don't place a lot of emphasis on it. My point was simply that you would expect volume to be low this week. So just like large volume at the open and close has no relevance to volume analysis (since the norm is high volume), so does volume analysis around holidays, IMO, unless it's out of the norm.
More...

Thanks Josh Dance, makes a lot of sense and will keep this in mind in future trades.
 
Quote from JoshDance:

Yeah definitely, hope it works for you. Regarding SPX vs. ES volume, it's only a minor interesting note that they can be different. I don't place a lot of emphasis on it. My point was simply that you would expect volume to be low this week. So just like large volume at the open and close has no relevance to volume analysis (since the norm is high volume), so does volume analysis around holidays, IMO, unless it's out of the norm.
More...

If there are more faults with my trading, please feel free to criticize. Eager to learn. Thank You ahead of time!!!!
 
Quote from gmst:

I know Satchel was long yesterday and Lawrence was talking about the xmas rally for sometime.

But anyone else here who was thinking long after seeing market yesterday? If yes, what was the rationale/thinking behind it.

To me it seemed like we were going to get below 1190, and here we have this massive rally from1196.5 to 1236.35 - without any news !!!

If the market had this much strength and it had to go this higher, why the hell was it selling like crazy for last 2-3 days. Did anyone see this rally coming ? Also reasons please if you say you saw this rally coming.
More...

1198 - 1200 was almost the exact last target point for many (not just a few) timeframes downside projections.

on 30-min and higher timeframes, a multiple leg drop and particularly last part in a channel points to continuation of the original trend which was up.

i do not pick bottom, and the break above the down trendline / channel resistance points to the completion of the drop and that is the entry point to go long.

afterall seasonal is bullish.

all factors say long was coming and time to avoid shorts.

just looking at the chart when it is dropping without context cannot produce useful projection / bias for use in swing trade.
 
Quote from seouljah75:

If there are more faults with my trading, please feel free to criticize. Eager to learn. Thank You ahead of time!!!!
More...
soul when nite trading waiting for the 10 pm start watch the spikes, we were sitting in a 2 point range doing nothing but the volume spikes were mostly on the dips,telling you buyers were more excited than sellers,,that 2 point range gave little reason to enter long.or short,better off waiting for a better signal
 

Attachments

Status
Not open for further replies.
Back
Top