ES Journal - 2012

[ammo]

27-37 nip in cash on no 3..... http://www.elitetrader.com/vb/attachment.php?s=&postid=3430120

 

[volente_00]

Quote from Lawrence Chan:

vol,

the IHS is broken, right shoulder too low.

MM target around 24

close enough to the 36-37 projection from it ?

 

[tortoise]

Quote from ammo:

27-37 nip in cash on no 3..... http://www.elitetrader.com/vb/attachment.php?s=&postid=3430120

I know, but I wonder. If the market is truly repricing risk then these high-volume zones based on previous price behavior may be irrelevant.

In other words, this may be one of those situations where the profile just doesn't matter (for now...)

 

[volente_00]

APEX82

"market has a high probability of rallying into the job report and then falling the week after.. do the stats. Its pretty amazing how accurate this is"

 

[trickshot]

Will we finally see SPX 1340s today?

 

[tortoise]

Quote from volente_00:

APEX82

"market has a high probability of rallying into the job report and then falling the week after.. do the stats. Its pretty amazing how accurate this is"

That observation was valid when made. By that point, it had also conventional wisdom. And we all know what happens to conventional wisdom where the markets are concerned.

The NFP-fade has been the exception, not the rule, over the last eighteen months.

 

[chaykapwr]

I am a TA trader...but isnt it obvious to everyone that we will have a trend day up? I mean can you possible see the market closing 1% or less on such great unemployment numbers? buy this dip

 

[Macho]

Anybody take a peek at the Euro. It just dumped 100 pips.Usually a pre curser to a fall unless this is strictly related to the misfits in Greece.

Gut feeling :Trouble ahead.Need confirmation first.

 

[volente_00]

Quote from tortoise:

That observation was valid when made. By that point, it had also conventional wisdom. And we all know what happens to conventional wisdom where the markets are concerned.

The NFP-fade has been the exception, not the rule, over the last eighteen months.

The first part is more profitable and reliable than the second and still remains very high probability.

 

[ammo]

trying to move the cursor and get these exact is tough to read,the 1337 could be 40 or 35 so give them all +/- 3