ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. How much money did you make from your new back-adjusted continuous charts? :)
     
    #6701     Feb 27, 2024
  2. tiddlywinks

    tiddlywinks

    Well, since Badj charts are usually slow charts and I'm a flat-eod day trader, and I only recently learned how to create and use them, and now the US indexes I trade/watch have breached their long term Badj price levels, I earned nothing from them directly.

    Interestingly, not only did my study of Badj make it into my toolkit, it had me taking a second look at something Hershey emphatically prescribed... de-gapping bar by bar.
    My opposition to de-gapping (bar-by-bar) is well documented elsewhere. That opposition is now my past! So back to your question... I now consider bar-by-bar de-gap in my daily trading. It's now in my toolbelt too!! Based on that, the answer is thousands!

    FWIW, properly constructed Badj (including bar-by-bar de-gap) charts will render the Y-axis unsuitable, and in many cases entirely unusable for trading from the chart. Of course volume is not affected. :) Just saying.
     
    #6702     Feb 27, 2024
    Laissez Faire likes this.
  3. schizo

    schizo

    Tell me. Is it better to go with the herd when the tide is rising or buck the trend thinking that everyone is an idiot? (Somebody other than you seems to think so.) Do you know why 20-/50-period moving averages work so well? It ain't because they contain some voodoo power over price. It's because so many traders follow them. It's effectively a self-fulfilling prophecy of its own.

    Now I say this because if you were the only one looking at this newly discovered chart with different ATH to what everyone else is seeing, what is your chance of outcompeting the rest of us? Not that high I would imagine. Just my useless 2-cents.
     
    #6703     Feb 27, 2024
    Picaso and JamesOptions like this.
  4. schizo

    schizo

    Yeah, sorry, I read your post again. That makes sense. My reading comprehension during trading is pretty dismal. :)
     
    #6704     Feb 27, 2024
  5. tiddlywinks

    tiddlywinks

    Our lanes do not even intersect.
     
    #6705     Feb 27, 2024
  6. Well, you did say it was entertaining to most, but money to others. The implication being you had monetized it.

    Anyway, thanks for clarifying.

    It's very easy to fool oneself in trading. Levels hold as often as they don't. And not to mention all the times a level undershoots or overshoots.

    If we are to stay rational, it's hard to find a logical argument for using back-adjusted charts for long term charting of futures as opposed to the cash index of the primary market.

    That's my view. I could be wrong, but I think I'm not...? :)
     
    #6706     Feb 28, 2024
  7. mervyn

    mervyn

    lol, took 19 minutes to nap 5 ticks short, done for the day.
     
    #6707     Feb 28, 2024
  8. mervyn

    mervyn

    just stepped out for a minute-:( back to opening range
     
    #6708     Feb 28, 2024
  9. schizo

    schizo

    Short 79

    SL 83
     
    #6709     Feb 28, 2024
    Axon likes this.
  10. schizo

    schizo

    Out 76
     
    #6710     Feb 28, 2024