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I am very new to following and trading ES. However, it seems to me that failure of the Vshaped bottom to keep climbing and take out the morning highs probably means that we go lower from here, at least before 3pm, when anything can happen. Btw, does anyone know the reason for sharp price...

thought will book singles instead of waiting for homerun with such a tight stop....so booked at 1245.50 Ammo - that was a very nice graphic. Thanks!!

L 1244.25, brought stop to 1244.5, target 1250.5

seems like a double top forming

Picaso - Thanks for your kind words :) Appreciate it. Yes, this game is just about tilting the balance a little bit in your favor and then you come out ahead in the long run! Also, I wanted to thank you for the tutorial you gave on bid-offer size skew. That was very informative.

alright, got stopped, saw 600$ come and evaporate in front of my eyes :) long now at 1243. the V-shaped steep recovery suggests its going to tag atleast 1250 maybe 1254 also

yes you are correct, i moved the stop to 1242.5, so that it crosses the trendline. I am so new to ES, probably i should have booked it and looking reshort at a pullback. But looking at the big picture, I am guessing we will end up close to or below overnight low. I could be wrong though...

i have been short from 1244, brought the stop to 1240, hoping it keeps going down and as session progresses we puke more and more.. I know if I book profits, it will be a sizeable sum, however, I am taking my chance here. Even if i get stopped out, I will have the good feeling that i was 12+...

i closed short euro before the decision, re-entering euro short now.

I surely hope OP put a stop, otherwise, he will remember that bug for the rest of his life (depending on the size he put on). To OP - Whatever happens, you had a stop or not, it was your trade and please make sure that you owe up the responsibility to the outcome - what i am hinting at is...

If 50bps rate cut is in the offing, doesn't it mean stocks/risk asssets etc. go up but euro should go down ?? or is it just due to correlations you think that are driving euro higher and will fall later on, once the dust settles ??

The current bid in the market is most likely due to reports that referrendum is not going to happen. So risk-on everywhere, however market is losing sight of the fact what will happen after govt falls (some interim govt, elections, greece bankrupt etc.). Also if referrendum is cancelled...

Yes totally incomprehendible to me. I closed the shorts and went long euro at 1.375, but have reversed to short at 1.38.

Shorting silver here as long gold short silver trade again looks attractive.

man, 4 years is a long time go and open a restaurant and devote 4 years making good products and courting clients and you will be much more successful and be known in the community as the restaurant/coffee shop owner. Successful trading consistently over a long period of time is about...

I still hold 20% of my euro short entered at 1.39 with stop at 1.39, have booked profits on other portion (as my time horizon is shorter compared to you guys here). Shorted euro at the break of 1.37 again today with stop at 1.375. With the Greece aid on hold headline, I am shocked to see euro...

Left early yesterday, so didn't see your post. To be honest, I was really baffled by the Greek's move. The idea of referrendum must have been in Greek's President's mind for a long time. 1. Either, he has taken a big gamble and is playing Russian roulette against Markozy etall. 2. Or, He is...

Short euro trade with stop at 1.39 looks good, the only suggestion I have is if price moves very quickly in your favor, lets say it goes to 1.34/1.33 by this weekend, bring your stop to breakeven and trail it. The reason being after greece defaults (assuming no bank failure happens), euro might...

any news out ?

I did a study on weekday effect on either open-close or close-close (not exactly remember which one, maybe both) prices on S&P500 performance (not ES). I did not find any statistically valid results