ES Journal - 2012

[Lespaulr0cker]

Quote from Lespaulr0cker:

reversed at 62.00 for -2.00

Out at 64.00 for -2.00. Losing day -4.00 total.

 

[JoshDance]

Quote from ammo:

wonder how greece is reacting, will react over weekend

I wonder too, and I'm curious as to these many contracts being bought here, who the hell wants to go to sleep tonight being long in this environment... but that's the thing, could be closing shorts from above, could be hedging against a larger short position, or maybe they really do want to be long and hope that Sunday they're right.

 

[bigsnack]

Quote from JoshDance:

I wonder too, and I'm curious as to these many contracts being bought here, who the hell wants to go to sleep tonight being long in this environment... but that's the thing, could be closing shorts from above, could be hedging against a larger short position, or maybe they really do want to be long and hope that Sunday they're right.

C'mon guys, there really is only one option.

NEW HIGHS

This thing should have sold off at that first 50% pullback after the push down. The fact that we didn't leads me to believe that the long trend is back already. I'm still looking for 70's, most likely overnight on Sunday.

 

[ActiveTrader07]

Quote from ActiveTrader07:

Technically, those targets makes sense, but you must convince the robots to not buy the dip first, and good luck with that.

Quote from JoshDance:
Good point... not sure I have the influence to do that!

They just keep buying.... don't know why they wouldn't pop it up here and then slam it down, but I don't want any part in it. Stop 66.75

I agree, you would think the robots would want to slam it up and down more often than they do. Short trades are treacherous since you never know when you get run over by a robot.

 

[Lespaulr0cker]

Quote from bigsnack:

C'mon guys, there really is only one option.

NEW HIGHS

This thing should have sold off at that first 50% pullback after the push down. The fact that we didn't leads me to believe that the long trend is back already. I'm still looking for 70's, most likely overnight on Sunday.

I'm telling ya, Ben is on a mission!

 

[JoshDance]

Quote from Lespaulr0cker:

I'm telling ya, Ben is on a mission!

Speaking of Mr. Bernanke, the market has, I suspect, already priced in the newest news of sterilized QE.. and it couldn't make a run for last week's high. Next week should be interesting.

 

[Lespaulr0cker]

The daily chart is looking like a big 3 point reversal pattern. A battle of wills between typical price action & central banking influence.

 

[ammo]

weekly ,lower high,lower low

 

[DanS]

This is weird, but I am looking at the ES on Saturday morning and my brokerage is showing bars and volume. I have never seen this before. And by the way it showed a huge spike down to 1339.50(ESM2).
I'll have to check this out.

 

[Lespaulr0cker]

Quote from DanS:

This is weird, but I am looking at the ES on Saturday morning and my brokerage is showing bars and volume. I have never seen this before. And by the way it showed a huge spike down to 1339.50(ESM2).
I'll have to check this out.

Wow...how much $ are you paying for data like that?

And can you make trades?