S/R Emini Journal

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Quote from 4re:

What a snooze fest today is so far. This is not what I needed today. I hit a big sale yesterday that will increase my business by about 50%. I was so excited and worried that I have been up since 2:00 this morning running numbers for everything. Also caught the spat between JJ and Romik (I just watched and stayed on the sidelines where I belong). But I didn't need this boring day today.
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Agreed! Big yawn! Congrats on the "big sale". Stay outta' them pissin' contests. It's bad for your head. I'm outta' here in about an hour as I'll be off to work. Good trades to thsoe that have the opportunity.
 
Quote from Chart_and_Soul:

Gary,

Any reason you don't trade the last hour? Triggers need volume for follow through and with the larger volume at that time, I would think it would be a valid time to trade .

Not to question your logic, just trying to learn.

Regards,
C&S
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No there really isn't a reason. If it takes all day for my numbers to hit I usually burned out from watching all day is all. If by chance I am watching within 30 minutes of close I would probably take it but not expect to get my full 2 points.
 
Quote from CaptainObvious:

Agreed! Big yawn! Congrats on the "big sale". Stay outta' them pissin' contests. It's bad for your head. I'm outta' here in about an hour as I'll be off to work. Good trades to thsoe that have the opportunity.
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I might not watch much longer myself. I have some work to do so if I do it now I could be back this afternoon. Have a good day at work.
 
Quote from Chart_and_Soul:

Gary,

Thanks for your answer and best wishes to you with your business. It sounds exciting. Congrats!

C&S
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Thank you.

You know all you guys don't have to tip toe around me. I don't have any problems with people questioning me or my methods. It doesn't matter to me if people don't agree with me about anything. Feel free to ask anything and talk about anything.
 
Hi 4re,
Have you ever contemplated another system for the days where the S/R levels aren't touched? I understand that S/R's purpose is to get in on the momentum runs and keep you out of choppy days and it's great for that. But it also keeps one from attaining a 1 point / day goal.

I have been looking for something to catch the nice trends that frequently occur between the S/R levels in order to provide more opportunity. If one wishes to make a living trading, I think they also need to have plenty of opportunity to make even just 1 ES point a day. Has anything along these lines crossed your mind?

For me, I'm looking at overbought/oversold indicators in conjunction with trend and volume. Still working on nailing down the rules and gaining the confidence in it.
 
Quote from riaamaan:

Hi 4re,
Have you ever contemplated another system for the days where the S/R levels aren't touched? I understand that S/R's purpose is to get in on the momentum runs and keep you out of choppy days and it's great for that. But it also keeps one from attaining a 1 point / day goal.

I have been looking for something to catch the nice trends that frequently occur between the S/R levels in order to provide more opportunity. If one wishes to make a living trading, I think they also need to have plenty of opportunity to make even just 1 ES point a day. Has anything along these lines crossed your mind?

For me, I'm looking at overbought/oversold indicators in conjunction with trend and volume. Still working on nailing down the rules and gaining the confidence in it.
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Hey Rick,
I really don't use anything else for my own trading. If I did it would be a chartpattern like flags or pennants. I have discussed a reversal method using bollinger bands that works very well on days like today. I would have had 2 trades today using that method. Both would have worked for about 2 points. But for me no.

Gary
 
Quote from riaamaan:

Hi 4re,
Have you ever contemplated another system for the days where the S/R levels aren't touched? I understand that S/R's purpose is to get in on the momentum runs and keep you out of choppy days and it's great for that. But it also keeps one from attaining a 1 point / day goal.

I have been looking for something to catch the nice trends that frequently occur between the S/R levels in order to provide more opportunity. If one wishes to make a living trading, I think they also need to have plenty of opportunity to make even just 1 ES point a day. Has anything along these lines crossed your mind?

For me, I'm looking at overbought/oversold indicators in conjunction with trend and volume. Still working on nailing down the rules and gaining the confidence in it.
More...

Hey Rick,
I really don't use anything else for my own trading. If I did it would be a chartpattern like flags or pennants. I have discussed a reversal method using bollinger bands that works very well on days like today. I would have had 2 trades today using that method. Both would have worked for about 2 points. But for me no.

Gary
 
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