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Looking to go short around 25.

Lots of people were looking for the market to tank since we broke the 950 resistance, including me. This time it seems different. I hadn't seen the market sell off on good news (pretty good actually) ever since this rally started, so maybe there's going to be blow off top soon followed by a...

That's a nice way to explain it, thanks!! When I was a trader at WTS though (2 months ago), they told us we would find a squawk box useful in trading stocks correlated with the S&P. Wondering why they wouldn't have us look at ES if it leads the pit.

Hm, thanks TZ! Standards follow minis? Learn something new everyday. I'm trying to reason why that is, but don't follow.

I was curious if anyone here finds any use in a squawk box trading ES?

I hate all these terms. I remember trying to "choose" to be one when a total beginner. Are you seriously telling me you won't follow a momentum move up or down for more just because you a "scalper"?

I see a huge weakness in the overall market. No 10+ moves on good news, and even then there's a immediate sell off. Seems like either there are no more cash, no more fools, or both. I'll be looking to buy deep OTM puts on the SPY or even better, the 2x or 3x funds sometime during the next two...

Ah I see. Thanks. Wasn't looking overnight.

What do you mean tested? It blasted right through them.

Marcus Grieves...or whatever the dude's name is, never seemed like a bright one to me. Speaking of which, I'm holding a new issue in my hands now :D

Now that I lost 3 ticks, I shouldn't try to pinpoint the exact time period, but rather a window 1115-1130ET. Extending it to the next 15 mins at 1130ET. Probably ES will reach 1021 by that time and reverse.

Long at 26.25, stopped out at 25.50

My volume cycle is completed at 1115 ET. Expecting a turning point to the upside.

At 1000 got stopped in at 2425, stopped out at 2525 1 min later. Kicking myself in the head now. Should've had a 1 tick stop. I'll be posting my trades in the ES Journal from now on. If a moderator sees this, plz delete this thread. Thank you! Just don't see the point of having an...

Wow. Damn. I didn't think there would be that much volume midday. I missed the volume cycle turning point at 1330-1345. DAMN!!! Gotta sit at the screen the whole day.

LOL how did I deserve the honor to be on your ignore list Fractal?

This is the first time the market acts so weak on good news for the past 1.5 month. Maybe we'll see a top very soon? According to my research, 1076, 1060, 1044 are all square root possible price targets for the top! http://elitetrader.com/vb/showthread.php?s=&threadid=173822

I'll take that into account, gookin. Thanks!

Amen! Sometimes the obvious is too obvious.

Can you believe me if I say I truly know that, and yet was going against it? Psychology is a b****! I got to be disciplined, starting from now! Again, thanks for straightening me out, man!