Es - 10/29/03

dbphoenix · Oct 29, 2003

Quote from funky:

thanks, i took profits and reversed at 1:59pm, 105.15 on SPY. hopefully we'll get a good short now......

I don't follow SPY, but there was a good reversal on the ES/NQ at 13:30.

funky · Oct 29, 2003

Quote from dbphoenix:

I don't follow SPY, but there was a good reversal on the ES/NQ at 13:30.

yes, the reversal at 1:30. the SPY is almost exactly like the ES....they are quite arb'ed. my strategy reverses only after a retest of a pivot....the 105.25 pivot to be exact

dbphoenix · Oct 29, 2003

Quote from funky:

yes, the reversal at 1:30. the SPY is almost exactly like the ES....they are quite arb'ed. my strategy reverses only after a retest of a pivot....the 105.25 pivot to be exact

I know you don't want to talk too much about the specifics, but can you explain what you mean by a retest?

fan27 · Oct 29, 2003

What caused the sudden Spike up?

funky · Oct 29, 2003

Quote from funky:

yes, the reversal at 1:30. the SPY is almost exactly like the ES....they are quite arb'ed. my strategy reverses only after a retest of a pivot....the 105.25 pivot to be exact

here's a chart

goforwand · Oct 29, 2003

Quote from fan27:

What caused the sudden Spike up?

I don't know, but it just ripped me a new one :mad:

funky · Oct 29, 2003

Quote from goforwand:

I don't know, but it just ripped me a new one

hehe, that was fun, wasn't it?

still short, stop at 103.35

EMini-Player · Oct 29, 2003

Quote from goforwand:

I don't know, but it just ripped me a new one

Sucks when your trade is actually good but a spike like that one stops you out

-Fast

dbphoenix · Oct 29, 2003

Quote from funky:

here's a chart

Gotcha. I take the first failure.

dbphoenix · Oct 29, 2003

Quote from funky:

hehe, that was fun, wasn't it? still short, stop at 103.35

Definitely a day for playing pivot levels and price R.

Es - 10/29/03

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