ES Traders

Quote from steve46:

Hey Folks:

I just wanted to ask a question or two:

I notice that you guys post about positions taken and whether we are going to see price fail to take out a number.

What I never see in these posts are comments about how to make decisions, what additional data to monitor, how to determine momentum, etc.

For example, I watch the cash market pretty close, and I watch volume, but the volume I watch is the difference between up and down (also known as $ADD on Esignal) volume. Once I am in a trade I like to watch the tick and ticki. Especially for those who want to sell into strength, I would be looking for a Ticki reading above 26 to exit on.

Good luck folks
Steve
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Steve ;

Probably the reason you dont see much more details on things you mentioned;
even more so than entry or exit, thats pretty confidental for most traders, even the most generous.

Multiple time frames, mainly easily divided by each other like 15 & 60 minute candles, are quite helpful.


1 minute & tick chart do more harm than good with my personality.
:cool:
 
Quote from bighitter1:

funny as crap. when shit goes against volente he never rides it down and when things go for him he's in for days. I SAY BS VOLENTE IS THE BIGGEST LIAR ON HERE. one minute he's a scalper then curiously when the markets are going in one direction he holds. bullshit i say. first he was kicking ass in the ym's then all of a sudden he's trading the es's. i ask why did he leave the ym's? it's simple because he was losing plain and simple. if he was doing as good as he said he was all those months he'd have stayed with the ym's. people switch from one thing to another because they didn't do well end of story
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It's because they happened to be clever about their trading. It's called trading skill, or money management, or profit ergonomics (scientific study of the efficiency of workers in their working environment).

A chapter that most traders don't get to, or, bother about.:cool:
 
http://elitetrader.com/vb/showthread.php?s=&threadid=67197&perpage=6&pagenumber=16

http://elitetrader.com/vb/showthread.php?s=&threadid=67197&perpage=6&pagenumber=12

http://elitetrader.com/vb/showthread.php?s=&threadid=67197&perpage=6&pagenumber=10


Predicted S&P500 year end 2005 at 1250: must have been off by 2 points.

Target for ES Jun06 was 1260: must have been off by less than 1 point.

The only other person who I know, who has gone on the record for ES Jun06 at 1260 is Michael Bugno.

What was Volente_00 telling you do then. YES AND JUST REMEMBER WHO WAS TELLING EVERYONE TO SELL UP AT THE TOP (around 1317.50) LAST MONTH, AND IT SURE WASN'T VOLENTE_00.
 
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