ES Journal - 2013

Discussion in 'Journals' started by Trvlwanderer, Jan 3, 2013.

  1. ammo

    ammo

    add 7.5 ,stop above 9
     
    #8721     Dec 10, 2013
  2. murrica

    murrica

    1116-1117 on Russell futures is critical IMO, below that might see a waterfall, above 1133 breakout. (currently in clean consolidation).
     
    #8722     Dec 10, 2013
  3. ammo

    ammo

    mini hns in spx
     
    #8723     Dec 10, 2013
  4. ammo

    ammo

    inside a larger undeveloped hns
     
    #8724     Dec 10, 2013
  5. ammo

    ammo

    dow and trans both testing the 20 ema on a 60 minute chart which are both forming hns paterns
     
    #8725     Dec 10, 2013
  6. NoDoji

    NoDoji

    Ammo, when you were a pro MM did you ever use MP or other charts?
     
    #8726     Dec 10, 2013
  7. ammo

    ammo

    it just came out in 86, a guy next to me in the pit was hand drawing it on an index card,showed me how to draw the pics,and just learned it by repetition afterwards, didnt start doing the multi day charts til o8 when picasso pointed out that it was available on tos,in 86 it worked like a charm in the 80's early 90's,the spx had a 3 pt daily range and traded in nickels,you hand charted it and got your trendlines by marking up the wall street journal , a 60 pt dow move back then was big ,so was a 5 pt spx move, back then you knew exactly what was going on a much larger percentage of the time and less people had adopted it so it was a big edge, the majority of floor traders back then didn't believe in charts, one adage was that every ship at the bottom of the sea was loaded with charts
     
    #8727     Dec 10, 2013
  8. NoDoji

    NoDoji

    A psychologist once told me that if you want to really cement something in your brain write it out by hand, don't type it in a word processor. I have copies of Bighog's hand-annotated charts showing me really simple price action setups in ES a few years ago, the stuff you see in old trading books. Now we have all this spaghetti indicator crap and after I played with everything thinking I found the grail, I ended up right back at the really simple stuff.

    "We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time." - T. S. Eliot
     
    #8728     Dec 10, 2013
    Hooti likes this.
  9. ammo

    ammo

    current hypothesis on es is that we worked the top of this bell ,3rd rotation up there and working our way back to the mid at 99 98,the break below that upper nip needs to stay under
     
    #8729     Dec 10, 2013
  10. murrica

    murrica

    Putting aside personal opinions (don't have one), Donald Trump did this from what I read.. he wrote out his long-term goals a long time ago as you described.

    I really like this idea, kind of like PTJ's "Losers average losers" note on his wall.. might be a good idea to help face shortcomings.
     
    #8730     Dec 10, 2013