YM Journal

Discussion in 'Journals' started by Adamned, Feb 8, 2007.

  1. bidask

    bidask

    nope not me. but i'll tell you something i've noticed about the european markets. during the morning u.s. time, there are a few hours of overlap between the u.s. markets and european markets. during this period, the relative change in price seems to tell you something about where the ES is heading. for example, the ES is going up and down equally, but the european markets seem to be much more sensitive to only one side of the movement.

    this is not based on empirical evidence so it may be my selective memory.
     
    #71     Feb 14, 2007
  2. Adamned

    Adamned

    Hey, bid ask

    When you say Euro marekts which one are you looking at Stoxx50, Dax, CAC, AEX, or MIB
     
    #72     Feb 14, 2007
  3. bidask

    bidask

    dax. not sure if it matters because i think that they all correlate with each other when their hours overlap. when the ES opens, ES is likely the dominant market and any other market that's trading will likely correlate with ES.

    that's my theory...better decide for yourself

     
    #73     Feb 14, 2007
  4. Adamned

    Adamned

    thats most of the time true but many times certain euro indexes have and mind of their own. I personally despise the DAX its a very very difficult index to trade. But the CAC, AEX and Stoxx 50 have much better and kind attitude. I personally like the AEX. If you look on this chart I attached the setup i have been talking about this whole journal would of worked quite well. Long 1 @ 506.7 Long 2 507.2
     
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    #74     Feb 14, 2007
  5. bidask

    bidask

    why is it so difficult?

     
    #75     Feb 14, 2007
  6. Adamned

    Adamned

    have a look at euronext 100. never even came close to retest the breakout number 2
     
    #76     Feb 14, 2007
  7. bidask

    bidask

    sheesh i do not get your charts and your decision making.
     
    #77     Feb 14, 2007
  8. Adamned

    Adamned

    I'm not sure why the dax is so hard. It has a very erratic attitude and it seems that they really run the stops on that market.
     
    #78     Feb 14, 2007
  9. Adamned

    Adamned

    on the n100 you broke the swing (1-2-3 setup) at 991.5 I would be looking for the retest to 991.5 for a long

    Aex broke the swing at 507.2 and retested, then surged
     
    #79     Feb 14, 2007
  10. bidask

    bidask

    i don't know what the heck is going on. if 507.2 is a swing point and price penetrated from the top, aren't you looking to go short?

     
    #80     Feb 14, 2007