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Boy that would be something! I'm sensing 945-952 as the closing zone.

You're the man! How do you do it when nobody can? :)

I'm trading the June ES futures right now. I have till end of next week to roll over.

Goldman traders are a cool bunch. They don't react strongly when they want to move the markets. :)

First short add in 2.5 months! This position is of equal size to the first one. I'll be adding gently in size till the market proves me right. Short 814.25 + Short 950.25 + Zero hedge. Stop on the last short add at 960.5.

And out at 948. :) Current position: Short 814.25 + Zero Hedge. I'll be using the June contract till otherwise noted.

Yet barring any penetration of today's low and high, this week may end up being the smallest trading range in 52 weeks! Go figure.

So this big down move from 955 and all the bid hitting (hand slapping) that was taking place today turned out to be nothing more than a bear trap?? Notice how the bulls erected a powerful defense when we approached the 925 I talked about yesterday which highlights the significance of that level...

Back in again with a 10%er here at 944.5. Current position: Short 814.25 + 10% Hedge

And I hope it doesn't go off till I'm loaded with right quantity of shorts. The 940's may not be the intermediate top. Why is it that I'm sensing another push is in the cards for this relentless rally, I'm not quite sure. A break of 925 -920 though could signal it (heavy volume hitting the bids...

Thank you for the compliments. I understand that my trading strategy is more complex and beyond the purpose of this journal. Therefore, it's best that you ignore the % figures and focus more on the timing of these trades. However, placing these % figures next to my hedges is quite meaningful. It...

I'm actually "out" more than 100 points, lol. "itching to short" is to place => than 60% of my portfolio on the short side of the market. It has yet to happen. In fact, I have not added to this small short since early-mid March. Greater than 99% of my trades have been on the long side. I have...

And out again at 945. I'm itching to short, but the market is not quite ready to roll over Current position: Short 814.25 + Zero Hedge.

Back in again with a 5%er at 938.25. Current position: Short 814.25 + 5% Hedge.

And out again at 944.5. Lovely! Current position: Short 814.25 + Zero Hedge.

Interesting. What is the stop on that short signal if you don't mind sharing? Thanks

That was a quick drop!! Back in with a 10%er at 936.5 Current position: Short 814.25 + 10% Hedge.

So what hit the wire to cause this 16 point run?

And out at 944.25. Wow, what a rally!! Current position: Short 814.25 + Zero Hedge.

Another 10%er here at 936.5. Great PA. :) Current position: Short 814.25 + 10% Hedge.