ES Journal - 2012

[lucky lucille]

Quote from lucky lucille:

cover 80.50

S80.50

here comes the real pain

S82.50

 

[lucky lucille]

S83.75

 

[ammo]

Quote from ammo:

sh 82.25

add 3,25 trans nip

 

[Trvlwanderer]

Quote from gmst:

This doesn't make sense to me, eventually I might be correct but at the moment I will have to accept that I am wrong.

Out at 1281.5.

Free money at trading desks. Massive amounts of free money. It has to go somewhere.

fundamentals are corrected for and smoothed over long periods, crowds control short periods.

 

[ammo]

dvol uvol 3/1 best all day

 

[gmst]

Quote from ammo:

dvol uvol 3/1 best all day

so dvoluvol was around 5/1, 7/1 the whole day - still we managed to come back so much from the lows.

Ammo, can you please explain how it is possible for the index to go up so much with dvoluvol so much against it. Thanks

 

[JoshDance]

Hey Hurricane: I read some of Phantom yesterday, and have a question for you from what I've read so far. Rule #1 basically says that the trade should be exited if the market does not do what you expect it to do. So for a long, if it starts going against you, then get out.

However, isn't that simply what a stop is for? So often we can enter a trade and the market looks like it may go against us and then it goes in our favor. It almost seems as if he's advocating a time-based stop. In fact I think he mentions that.

What are your thoughts on this? The options for exiting a trade seem to be only 2: a stop based on price, or a stop based on time. What is your interpretation of Phantom?

 

[lucky lucille]

new T...71.50

 

[JoshDance]

Quote from gmst:

so dvoluvol was around 5/1, 7/1 the whole day - still we managed to come back so much from the lows.

Ammo, can you please explain how it is possible for the index to go up so much with dvoluvol so much against it. Thanks

I'm not ammo, but uvol / dvol is, if I remember correctly, the total volume traded of stocks trading either above (uvol) or below (dvol) their prior closes. When there is a big gap down, most stocks will be below their closes, hence all volume, even if the stock is trending up, will still be counted as "dvol" ... I could be wrong and I suggest you research it, but this is how I remember reading. Someone more in the know, maybe you can verify this.

 

[ammo]

Quote from gmst:

so dvoluvol was around 5/1, 7/1 the whole day - still we managed to come back so much from the lows.

Ammo, can you please explain how it is possible for the index to go up so much with dvoluvol so much against it. Thanks

i think it's up ticks uvol and downticks dvol ,compared to last print,so we have had a lot of upticks off the 12/1 low and not so many downticks,