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Maletor's Daily Market Review
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Created: by Maletor Attachments:28

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Maletor's Daily Market Review

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,234 received


Maletor View Post
ES
+8

ZN
+8
+8
+8

Charts attached

Bravo!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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  #12 (permalink)
Member
Boston
 
Futures Experience: Beginner
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Broker/Data: Infinity Futures/Transact
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Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

Thanks Mike. Today was a very trendy day.

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  #13 (permalink)
Elite Member
Alpharetta, GA
 
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Maletor - what is the green and red histogram shown as a subgraph on your charts?

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  #14 (permalink)
Member
Boston
 
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Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

That's the 22 EMA/22 ZLag.
I've since replaced it with the Ergodic since they basically show me the same thing.

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  #15 (permalink)
Member
Boston
 
Futures Experience: Beginner
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Posts: 88 since Jun 2009
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Calling it a day

ES
+12 ticks

Calling it a day, good to take it easy after yesterday's huge sell off.

Attached Thumbnails
Maletor's Daily Market Review-picture-2-2-.png  
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  #16 (permalink)
Member
Boston
 
Futures Experience: Beginner
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Broker/Data: Infinity Futures/Transact
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Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

Ever heard the theory of how the market causes the most amount of pain to the most amount of people? Or how 99% lose at this business?

Well, translated to money management terms this just means that price seeks out the levels where the most amount of stop/market orders are. i.e. Support and resistance.

Our job in this business is to find the support and resistance. Play them on the right side, and eventually, the probabilities will lend themselves in our favor. That's all we do, no matter which way you spin it. Yes, I'm talking to you Tsunami trader and every other $5,000 indicator package out there.

So I've said to heck with indicators. I'm going to stick with what originally made me so profitable in the beginning. The 20EMA and plain old price action.

Here are my trades

ES
+4
+4 ticks

Attached charts

Attached Thumbnails
Maletor's Daily Market Review-picture-1-2-.png  

Last edited by Maletor; June 24th, 2009 at 05:35 PM.
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  #17 (permalink)
Site Administrator
Manta, Ecuador
 
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Maletor View Post
I've said to heck with indicators. I'm going to stick with what originally made me so profitable in the beginning.
Attached charts

It's a brave new world. Good hunting!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #18 (permalink)
Elite Member
Florida
 
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WTG Maletor!


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  #19 (permalink)
Member
Boston
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures/Transact
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Maletor's Avatar
 
Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

I got to check out early today.
3 winners today - I'm on fire. ES countertrend was a bit too risky for my appetite, but I took it regardless.

The first ZN was a micro trendline breakout failure. A little aggressive but in the direction of the gap fill so I was all for it.
Second ZN was the same thing. Buy the high of the breakout bar on failed break lower.

ES trade was when we had the huge swing high. Then we tried to go higher once making a higher high, and got denied. Tried again to go higher and again denied. Now, I'm looking to get going the other way, short.

Bar was a pinbar / gravestone doji and I shorted the lows of it.

Anyways, that's it for today.

ES
+4

ZN
+4
+4

Attached Thumbnails
Maletor's Daily Market Review-picture-2-2-.png   Maletor's Daily Market Review-picture-1.png  
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  #20 (permalink)
Member
Boston
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures/Transact
Favorite Futures: ES
 
Maletor's Avatar
 
Posts: 88 since Jun 2009
Thanks: 7 given, 26 received


Here are two ES trades I took this morning.

I've got to help some friends move into an apartment this afternoon so I'll be gone and I am going to be on my boat this weekend so this will be it until Monday.

ES
+4
+4

First trade, gap filled and double top were both things going in my direction. Just looking for a nice entry.
Second trade was top of channel. I wasn't seeing any bullish trendlines and I shorted 912.25 after the double inside bar, which was pretty tasty. Was considering swinging with another contract but I'm playing it safe seeing as I've been on such a hot streak.

It's true that luck comes in waves. Talk to any professional poker player. It's never win 2 lose 1 win 2 lose 1 win 2 lose 1.

Have a good weekend everyone!

Attached Thumbnails
Maletor's Daily Market Review-1246025036_78_uploadimage.png   Maletor's Daily Market Review-1246027306_97_uploadimage.png  
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