ES Journal Archive (2009 - 2010)

True indeed. When the volatility shot up last year, I had to adjust my system to reflect targets being constantly overshot. Now that the volatility has come down, I'm forced to readjust the damn thing again. The only problem is that this time it's undershooting those same target areas.

 

Now that we have a well defined SDD, everybody is playing the bounces between the BBs, right?

It is only 5 pts wide, but hey...

 

Market is expert in catching us off guard, the bear flag in 30min chart wary me a bit. I too sitting on my hands here.

 

the slide should start in the next 5 mins if it's going to without breaking the highs.

 

The problem with that proposal then leads to just what are we going to do for the rest of the day once we hit 870 by 2 o'clock? We could bounce right back to 900 by the close. Hence it would be better to see the slide in the 2 o'clock hour, which would also give legitimacy to the bears.

 

You talk as if the market is some sort of a freak that lives out there in the distant world.

 

worse than that

 

I am not ruling out a double bottom today and a rip up. I was off by 10 minutes, sorry.

 

Personification or freakification of the market is probably a bad idea.

 

USD/JPY down to 90.20, T Bond up 134.04 =>
risk aversion...