ES Journal Archive (2006 - 2008)

That's a very macro perspective, and all this time I thought you were just a scrawny daytrader like myself.

 

1232-42 is the congestion zone.. if we slice through that.. a avalanche starts.

 

Again,

The 60 min chart is showing a continuation to the downside. The only problem is since you can't short 799 stocks, how much leg does this downside really have. Not to mention you can still have an explosive upside in the midst of a downtrending channell.

I'm afraid of the PPT/RFT Uncle Sam radical left wing treasury short squeeze infusion pumping machine.

I'm still on the sidelines.

 

back to 1265

 

No shorts in their right mind would bother holding their position over this weekend.

 

Spectre, you're perhaps the most inconsistent flipper I've had the pleasure of knowing!

 

All daytraders who hold financials now are net long.

All sellers today on the financials are real sellers with existing long position. Once they sell, they would not turn back into buyer today.

 

Nell throw out all those indicators, totally useless imo.

 

I go where the gross tics take me. Combined with filters tic trading is the most grueling yet exhilirating trading I do.

edit: done for the day... the trading is utterly amazing today. Its been 48 hrs of active trading, with the tic's smashing through..prices like butter.

all you need is s/r, consolidation zones with gross filters to keep you inline. Opinions are okay as long as they don't interfere with risk management.

 

so what should i use to determine when to buy and when to sell

toss a coin ??