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wow that was a boom! Must have been some news out of Iran - but you will generally expect it to rally on war mongering. Maybe iran said they are surrendering, causing breakdown in oil :) haha 1) It seems thats the reason that pulled down ES with it due to correlation. but looking at tepid...

it hasn't pan out as my expectations. So, covered at 1288.75. Now long 1288.75, with stop at 1286.

Hurricane or Tortoise, its hard for me to understand what Phantom is saying in above paragraph. I am sure you can appreciate it as it took you some years to understand this yourself. Will you please explain it more gently/detailed fashion as to what phantom is saying here. Thanks a bunch!

good trade :) now its the time to reverse, imo

short 1285 - my hope is I will be able to keep this short the whole day and have a good 10 point + end of day exit in my favor :) Stop 1292 btw.

Yes agreed market always overreaches in both the directions. Remember doomsday call when ES was at 800 than 750 then 700 and then 666....people were calling for 400-. And then the massive rally ensued.

Good observation. Maybe big guys are manipulating it, pushing it higher on low volume to get a better price to sell at. Well, if i have a 10 mm account and I specialize in a single low volume stock and if I can control it given my buying/selling power, I will do the same - won't you ? Thats...

Seems like there will be some followthrough on Eur here. Going long Euro is a better trade imo for taking an outright position. For getting purer alpha, long euro short ES with 1-2 day horizon. Whole of last month, long ES and short Euro was the trade to be in. much smoother than either...

very rare on ET, we see example of someone scaling-in. Good show!

Buying 200k AUD @ 1.0335, and 1 ES @ 1290 - trying to reduce short exposure here. Have been too correlated. New Orders 1. Sell 100k AUD @ 1.036 and Sell 2 ES @ 1310 Edit: Got filled 700k long @ 1.2105 on EURCHF.

Trades: 1. Sell 600k AUD @ 1.0345, so net short 400k position. (AUD is highly correlated to ES, but recently AUD has shown relative weakness compared to ES. 2. Sell 4 ES @ 1293 Orders: 1. Buy 1 GC @ 1630. 2. Sell 300k AUD @ 1.039 Note: This is a great time to buy 1250 puts on S&P, but...

This is called money taps are on :) Fed/ECB/BOJ have given away so much free money that it is flowing into all asset class simultaneously :)

Price is forming visually clear higher lows, and highs in the same region.

yeah price action today has been amazing i must say. Classic fight between bulls and bears. Initial balance high - that is something I don't look at. My rationale for a stop at 86.25 is the morning high (1st runup) and 1 tick above the 3rd runup high (which was 86). So, in my mind, if we go...

yes, very confusing price action. Definitely not an outright bull case. Price finding it hard to get into and stay into yesterday's range. 10 min ago reversal at 86 means we are going to form a triangle or we will go lower from here. i am more inclined that we go lower from here. Edit...

Thanks for the link, website says 20 pounds per month fee. How do they compare with other news providers (like DJ/reuters). Ever compared ?

Alright, I see. Were you looking at 6E or euro spot T&S, because Euro spot T&S won't give any volume. Don't need the screenshot, I can picturize what you are saying. Cheers mate ! Btw, on a secondary topic, do you use T&S at all to make trade decisions, say when you are trading ES ?

Well, that will be great :) But really no worries if you are busy.I thought you compared 3am central ES and eur T&S 10 minutes ago when you made the comment, so I thought taking a pic and posting won't be too much to ask.

what comments ? which news service do you follow ? probably I need to take it - not good to miss news. you are left wondering if this is a temporary spike and you should leave the trade, or stop and reverse. Thanks

I see what you are saying. Possible for you to post a screenshot comparing eur and es T&S side by side. That will be awesome. I find it incredibly hard to even follow one T&S, comparing two myself is harder - maybe i will figure it out looking at your picture. Thanks