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Easy there, GTS. ET has very strict rules about free advertising. :D

Welcome (back) to ET, your new alias will fit right in here. :D

Covered ES long @ 88.25 (Stopped out) -10. Cumulative P/L: -.25 (Fifteen trades).

Wayyy to go, Creek!! :cool:

Wow, Dan, looks like they heard you...must've been some size on that trade. :(

Good thread so far, keep it coming. Would like to hear more about how the decision points are created.

I have 95.50 as PP for ES, bounced there overnight, and defended at 95.75 afterward.

Long ES @ 98.25, Target 08.25, Stop 88.25. :cool:

Unemployment number: better than forecast. Labor Costs number: better than forecast. Market reaction: selloff. :eek: Quite a head fake Da Boyz pulled there, with a little pop to shake out the shorts, then the selloff that they had been planning all morning. Gotta love it!!

I look at gaps from the standpoint of the close/open correlation. If the open of a bar is lower than the close of the previous bar, a gap is formed, and vice versa. However, I use shorter time frames in my trading, therefore increasing the likelihood of gap formation. Gap plays can be...

Well, we had the push down to the 95.50 level, but WTF happened around 3am EST to make the market pop four points?? Something going on across the pond maybe?? We've got four reports this morning at 8:30am EST, with Unemployment Claims sure to be an action-maker, then the ISM PMI number at...

Thanks, got a "gift fill" on the second pullback to 95 and got flat B/E. I had entered the order a couple of hours earlier, so I must've been in the right place in the queue. I got busy dealing with the kids this afternoon and neglected to post the exit...my bad. :eek: Was very surprised to...

Good post, LF. :)

Covered ES long @ 97.50 (MOC), +2.5. Cumulative P/L: +9.75 (Fourteen trades).

Let me see if I understand this correctly: A large brokerage firm develops a system to trade the markets using data that only they have access to, and effectively take money from their own customers by trading against them. A couple of guys figure out the brokerage firm's system, and use...

Nicely played, DanS!! :)

NQ making new highs, ES looking like it wants to go too. Gonna try to get outta my short B/E if we get a pullback into the close.

Last add @ 97.50, avg. 95, reduce @ 95, target 89.50.

Added @ 94.50, average position 93.50.