ES Journal - 2012

volente_00 · Feb 3, 2012

Quote from 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

Upside 1360 downside 1260

Do you like catching knives ?

uptickk · Feb 3, 2012

Not to contribute to the rumor mill but saw this on another site.

"Rumours on twitter, Greek PM to resign, Eurgroup meeting cancelled, real reason for sell off, should have been risk on with job numbers" (On a EUR/USD forum)

chaykapwr · Feb 3, 2012

Quote from volente_00:

Upside 1360 downside 1260

Do you like catching knives ?

Looking at fundamentals, I would bet on 1356 before 1260.

tortoise · Feb 3, 2012

Quote from volente_00:

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

I'm not certain I'm following. On what basis do you say that it "remains very high probability"?

trickshot · Feb 3, 2012

Quote from volente_00:

Upside 1360 downside 1260

Do you like catching knives ?

I don't think we are going to see 1260 again anytime soon, in fact we haven't even been able to retest SPX 1295.

chaykapwr · Feb 3, 2012

Quote from uptickk:

Not to contribute to the rumor mill but saw this on another site.

"Rumours on twitter, Greek PM to resign, Eurgroup meeting cancelled, real reason for sell off, should have been risk on with job numbers" (On a EUR/USD forum)

Even if that were true, the markets have taken on the notion that America has isolated from Europe, so any sell of by European banks would gladly be scooped up.

Lawrence Chan · Feb 3, 2012

Quote from volente_00:

close enough to the 36-37 projection from it ?

Cool.

euro false breakout to confirm the weaknesses too.

trickshot · Feb 3, 2012

Yea EUR looks weak, but I noticed that the correlation between EUR and ES seems to have weakened considerably in the past few weeks, seems to be the case again today, so far at least.

ammo · Feb 3, 2012

Quote from trickshot:

Yea EUR looks weak, but I noticed that the correlation between EUR and ES seems to have weakened considerably in the past few weeks, seems to be the case again today, so far at least.

tired of chasing false rumors,real threat of impact on rest of globe still there,IMHO

fishing · Feb 3, 2012

Quote from Lawrence Chan:

Cool.

euro false breakout to confirm the weaknesses too.

euro couldn't break out because USD is strong again after the data imo

previous weeks mkts have been pricing in low interest rates till '14 and possibly QE3