Technical Trading Setups Journal

Thanks for your reply. I am on my way out but will review the chart later tonight. fwiw sim traded today for +23cents- mostly scalps. using trendlines, channels seemed to help.:)
 
Quote from dv4632:

I'm actually not complaining... I'm just used to hearing other traders say ES stinks so was kind of assuming Cornix would say the same thing. I know most traders are looking for the most action and volatility. But as a developing trader I actually like the fact that ES is relatively slow and boring. I think NoDoji once said trading ES is like zen meditation compared to wild-n-crazy CL. :)
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Yes, I had the same feeling about ES vs. the Euro. :)

But it's deceptively slow I would say. It sits tight and then breakouts and when it does it goes.

Don't think it's worse or better though, just different. After all there are people who scalp Eurodollar futures or day trade SPX options. Compared to ES those ARE slow.

I remember back in the good old times of ET chat there was a guy who scalped Eurodollar futs for like 1 tick on huge size. Worked for him. When I looked at that market I was amazed how could he see anything there, when it moves like 1-2 ticks an hour maybe. :confused:

Just the matter of adjusting your tactics I believe.
 
Quote from clightmarathon:

I have a feeling how these work :). It was sooo tempting to go long on each of the push.
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Yeah, I even tried some longs around 1-min EMA, closed all b/e.

But when it bounced off the bigger channel for the 2nd time in confluence with 3 pushes on 1-min, it started to really look down. Still sitting in this one.
 
The blue line is the downtrend from the May 2011 high.

The pink one is the downtrend from the Oct 2007 high.

This market is so strong that it hasn't even been able to pull back enough to officially backtest either line, it just keeps running higher.

The last big bull move ran from September 2010 through April 2011 - 8 months. The current rally is finishing it's 5th month, so if it is to match the last one in duration it should run through the end of May.
 

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Quote from dv4632:

The blue line is the downtrend from the May 2011 high.

The pink one is the downtrend from the Oct 2007 high.

This market is so strong that it hasn't even been able to pull back enough to officially backtest either line, it just keeps running higher.

The last big bull move ran from September 2010 through April 2011 - 8 months. The current rally is finishing it's 5th month, so if it is to match the last one in duration it should run through the end of May.
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Did I hear "QE"? :D
 
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