S/R Emini Journal

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between romik's chit chat porno show and volente's last post i have one last parting comment.......both of you guys are sick in the head.....not for real........as i thought.....4re.....hang in but watch those 2 guys don't expose your best stuff to them........internet is dangerous place for good people.........100% stuff is true everyday.......by the way........don't waste your time bashing porgie is over and out....:cool: :cool:
 
Quote from 4re:

The next time it hit that it popped through very nice and could have been traded on a breakout for another easy 2 points. This is S/R in action.

Gary
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Looks good in theory, but what do you use to determine if it will fail or hold ? Such as the multiple failures before we broke the triangle. Also when using S and R for ES, you have to take into account premium erosion over time. This is why I use cash levels or spy.
 
Quote from volente_00:

Looks good in theory, but what do you use to determine if it will fail or hold ? Such as the multiple failures before we broke the triangle.
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I don't determine. I let it do its thing. If it breaks out by .50 points I trade in that direction. If it reverses I let it reverse and wait for a breakout. I never try to outguess a random market. And I NEVER trade unless the market is already doing what I want it to do.

When it bounced there that was luck I would have rather it broke out but since it didn't I would not have traded it. Someone whos speciality is fading S/R was probably licking their chops at that point and going long. That is not wrong either as long as that is the way you trade.
 
Quote from volente_00:

He is only speaking to the gold diggers.

Can I hit in the MORNING
without giving you half of my dough
And even worse if I was broke would you WANT ME?
If I couldn't get you finer things
like all of them diamond rings [niggaz] KILL FOR
would you STILL ROLL?
If we couldn't see the sun risin off the shore of Thailand
would you RIDE THEN, if it wasn't DROPPIN?
If wasn't ah, eight figure [nigga] by the name of Jigga
would you come around naked, would you clown me?
If I couldn't flow futuristic would ya
put your two lips on my kiss it - could ya
see yourself with a [nigga] workin harder than 9 to 5
contend with six, two jobs to survive, or
do you need a BALLA? So you can shop and tear the MALL UP?
Brag, tell your friends what I BOUGHT YA
If you couldn't see yourself with a [nigga] when his dough is low
Baby girl, if this is so, yo..
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oh, i know who he's talking to...still disrespectful, though. like...if you don't have anything nice to say, don't say anything at all.

i like the radio version, b/c you still understand what he's saying, but it's without all the profanity. he's saying, would you still love me anyway, if i weren't rich?...okay, that's fine, but say it with respect...do you feel me? no need to hate....

in the radio version, it's

can i get a what? what? from all of my ladies who don't like bros who get no dough....( i may be misquoting, doing it from memory)
 
Quote from 4re:

Huh???
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when we rolled to sept the premium was around 10 points, so 1260 on spx correlated to 1270 in ES, Now the premium is only around 1 point so if we were at 1260 on spx today, ES would only be 1261.
 
Quote from volente_00:

Care to explain your short bias for tomorrow ?
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i could, but am intimidated by the superior knowledge on this thread, so i won't....

oh, well, what the h*ll, here goes my explanation...i have found that when the market goes down with volume and conviction, it doesn't tend to get back up right away. i haven't checked the volume for today yet, but have a feeling that it's up due to all the folks returning from vacation. what i would do is a-check the volume, b-check the am outlook, c-make sure there's not any major news out tomorrow which would change my bias, and if all those things checked out and things were looking down in am, i would then short it, assuming it broke my support goals.
 
Quote from princessa:

oh, i know who he's talking to...still disrespectful, though. like...if you don't have anything nice to say, don't say anything at all.

i like the radio version, b/c you still understand what he's saying, but it's without all the profanity. he's saying, would you still love me anyway, if i weren't rich?...okay, that's fine, but say it with respect...do you feel me? no need to hate....

in the radio version, it's

can i get a what? what? from all of my ladies who don't like bros who get no dough....( i may be misquoting, doing it from memory)
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You have to understand where he is coming from. He only edited the song to get radio play.
 
Quote from 4re:

Princessa,
Remember I am not using a mathmatical formula to figure I.E. Pivots or fibs, to figure these. Here is why I don't use those two named formulas for S/R. What would happen if I was trading pivots and the majority of traders that day were using fibs or vice versa, I would be hosed. But if I look at a chart and see where price moved down to a certain point and reversed hard to the upside then it did it again and again. That is what makes that point very important.

Gary
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excellent point, gary. thank you.
 
Quote from princessa:

i could, but am intimidated by the superior knowledge on this thread, so i won't....

oh, well, what the h*ll, here goes my explanation...i have found that when the market goes down with volume and conviction, it doesn't tend to get back up right away. i haven't checked the volume for today yet, but have a feeling that it's up due to all the folks returning from vacation. what i would do is a-check the volume, b-check the am outlook, c-make sure there's not any major news out tomorrow which would change my bias, and if all those things checked out and things were looking down in am, i would then short it, assuming it broke my support goals.
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Thanks... you are correct about follow through often from the previous day at least at the open.
 
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