S/R Emini Journal

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Quote from joeyata1:

what romik is doing is just plain averaging down a loser and losing
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Trading, while not an impossible task, is certainly difficult enough when being done by itself.

It's even more difficult to argue your position when currently concentrating on it while it is underwater.

I've seen romik pull this off successfully, with publicly made calls on an anonymous blog (which is yet another difficult thing for an entirely different reason ...) http://www.elitetrader.com/vb/showthread.php?s=&threadid=72117&highlight=divergences.

I think he does a good job of it, I know I won't tread in those waters ...

Best Regards,

JJ
 
Quote from brightstone:

Any chance we could see the delta chart for the day?
thnxs
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Here were the SHORT's of the day............


http://www.charthub.com/images/2006/09/19/ES_317_VB.png

http://www.charthub.com/images/2006/09/19/ES_317_VB_5.png

Here is the current MD chart............


http://www.charthub.com/images/2006/09/19/ESZ6_MD.png


We are still "net" negative -76,000 ES contracts....ouch! :D

I am holding ES swing SHORT positions from the second SHORT entry shown.....will see what happens.
 
Quote from joeyata1:

what romik is doing is just plain averaging down a loser and losing
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Romik most likely has a different definition of what a loser is. He's probably in good shape. --You must define what a losing trade is and it is not 2 or 3 or perhaps even 50 pts .
 
Quote from 5Pillars:

Here were the SHORT's of the day............


http://www.charthub.com/images/2006/09/19/ES_317_VB.png

http://www.charthub.com/images/2006/09/19/ES_317_VB_5.png

Here is the current MD chart............


http://www.charthub.com/images/2006/09/19/ESZ6_MD.png


We are still "net" negative -76,000 ES contracts....ouch! :D

I am holding ES swing SHORT positions from the second SHORT entry shown.....will see what happens.
More...

What data feed is that? Are those Delta footprints? fill me in here. Looks kinda wild but useful
 
Quote from volente_00:

So can we assume that 76000 contracts need to be covered by the close if a rally starts ?
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That would get us back to neutral for the day.....or somewhere near the opening price levels. :)


YM/ES/NQ all trying to put a base in.....but with the "delta" very net negative there may be continual selling on pop ups.
 
Quote from romik:

+3 pts on short

added 1 more long @ 1326.75, stop moved to under next reaction low of 1324.00 (1324.50)

Average 1330.18
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Long closed 1324.00

-6.18pts
 
Bounce wit me, bounce wit me
Can ya can ya can ya bounce wit me, bounce wit me
Ya-yah-yah, ya-ya-yah-yeah bounce wit me, bounce wit me
Ge-gi, ge-gi-gi-gi-geyeah bounce wit me, bounce wit me
Get it!
 
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