ES Journal Archive (2011)

i don't really consider my calculations a crutch -- they are on days when I start losing and my confidence in my calculations go away and I end up making even more mistakes...its a horrible spiral.

we had MATLAB last semester and I just started playing around with averages when I was on my sim acct. and I shit you not, I had a 500% profit in 3 weeks based on the algorithm -- i kept the same variable trading conditions as when I would go live and tried to incorporate everything, but did not account for the psych. burden of losing days.

I really feel like I have a winning algo but need to take me out of the equation. I think ill goto IB API and make an auto-trader.

 

covered at 63 thanks to 3G (I know for some it doesn't count cause it aint real time...)

Enjoy your weekend all, have some vodka on the house!

 

just had whiskey on ice. have a good weekend.

 

A few key numbers that could play a role:

SP500 2010 highs 1262.60

SP500 2010 close 1257.64

SP500 2010 highs 1130.38

SP500 2010 lows 1010.91

FoN

 

Potential areas of support SP500 Daily.

FoN

 

Still in play for next week

 

There's a problem with the SP500 right now.

When the shoulders of an inverse head and shoulders are flipped from support to resistance the market has a high probability of taking the head.

You can see in my chart how the projected pivot of the uptrend channel trendline reacted all the way to test the shoulders from below only for price to be not only slammed out of the channel but even close below it.

In order to get further upside we need to see price above the previous shoulder area of 95 otherwise it could be a quick slam dunk for the bears down to the 200 SMA and eventually bend it and take the previous head area in the 1240s.

FoN

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=3205457#post3205457 (page 16998) ...so far no bulls in site ,now at 69 ledge and no buyers,next 29-35 cleavage ,bulls holding their ankles praying for an exp rally,what does wall street do to you when your already in the holding ankles position,think Lehman ,holding since 1310 for exp,lightened up on the close

 

spx alltime,havent hit the lower line since 1982,volcker's solution was to raise interest rates to 21%,in comes greenspan and we've pushed the lie/debt forward every election,truth time since all the lies have been exposed/ credit exhausted ,long shot but logical,we cleanse

 

nice chart, but i'm doubtful that the collapse of western civilization is monday's trade.