Trading, while not an impossible task, is certainly difficult enough when being done by itself. It's even more difficult to argue your position when currently concentrating on it while it is underwater. I've seen romik pull this off successfully, with publicly made calls on an anonymous blog (which is yet another difficult thing for an entirely different reason ...) http://www.elitetrader.com/vb/showthread.php?s=&threadid=72117&highlight=divergences. I think he does a good job of it, I know I won't tread in those waters ... Best Regards, JJ
Here were the SHORT's of the day............ http://www.charthub.com/images/2006/09/19/ES_317_VB.png http://www.charthub.com/images/2006/09/19/ES_317_VB_5.png Here is the current MD chart............ http://www.charthub.com/images/2006/09/19/ESZ6_MD.png We are still "net" negative -76,000 ES contracts....ouch! I am holding ES swing SHORT positions from the second SHORT entry shown.....will see what happens.
Romik most likely has a different definition of what a loser is. He's probably in good shape. --You must define what a losing trade is and it is not 2 or 3 or perhaps even 50 pts .
TGM - These are the Investor R/T "market delta" footprint charts and the "volume breakdown" tools on the candle charts.....they now have a combined product with marketdelta.com . www.linnsoft.com
That would get us back to neutral for the day.....or somewhere near the opening price levels. YM/ES/NQ all trying to put a base in.....but with the "delta" very net negative there may be continual selling on pop ups.
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