ES Journal - 2012

mastacoli71 · Apr 25, 2012

Quote from mastacoli71:

always look at the positive side of things...you are plus 2 on that last trade.

i was offering 87.5 and 87.25 printed and flipped me the bird on its way back down.

2nd time today this has happened but i will not chase, i refuse to

mastacoli71 · Apr 25, 2012

Quote from mastacoli71:

always look at the positive side of things...you are plus 2 on that last trade.

i was offering 87.5 and 87.25 printed and flipped me the bird on its way back down.

Unbelievable, this time around agitates me somewhat

keeptradin' · Apr 25, 2012

Quote from mastacoli71:

always look at the positive side of things...you are plus 2 on that last trade.

i was offering 87.5 and 87.25 printed and flipped me the bird on its way back down.

I will never cry about booking a profit, we are trading against the best of the best, and winning is always an accomplishment.

If I had a dollar for every time I was one tick away from greatness...

keeptradin' · Apr 25, 2012

Quote from mastacoli71:

2nd time today this has happened but i will not chase, i refuse to

Plan your trade, trade your plan.

As quick as it went up, it came back down. Beware the shenanigans, and the shelalies.

Just like the subway, there's another train coming soon.

mastacoli71 · Apr 25, 2012

i can't remember the last time ES held 7 pt range after a fed announcement. Something is not right here.

keeptradin' · Apr 25, 2012

Quote from mastacoli71:

i can't remember the last time ES held 7 pt range after a fed announcement. Something is not right here.

It's almost as if someone was manipulating the market, like pulling strings on a puppet.

I have been trading ES for ten years now, and have NEVER seen a Fed day this flat... But then again, Craaple is flat too, after announcing a 90% plus increase in earnings.

Things that make you go "HMMMM?"

http://www.youtube.com/watch?v=XF2ayWcJfxo

mastacoli71 · Apr 25, 2012

There is the white tail again

gmst · Apr 25, 2012

ES has no strength left. I can't keep overnight short, otherwise shorting here with a 5 point stop and 20 point target would be a good trade.

keeptradin' · Apr 25, 2012

This is the toughest type of market to trade, and one in which most (including me) get burned.

Market rallies to a one-three tick higher high, then pulls back to a one-three tick higher low. Rinse, repeat, for an entire day.

So the assumption is, the market wants to go higher, and is grinding away at doing so. What usually happens when we assume??

My theory is as follows: another pump to the HOD, then a dump into the close. Only because I like the way "pump and dump" sounds.

With that being said, I am offering 87.50.

mastacoli71 · Apr 25, 2012

Quote from keeptradin':

This is the toughest type of market to trade, and one in which most (including me) get burned.

Market rallies to a one-three tick higher high, then pulls back to a one-three tick higher low. Rinse, repeat, for an entire day.

So the assumption is, the market wants to go higher, and is grinding away at doing so. What usually happens when we assume??

My theory is as follows: another pump to the HOD, then a dump into the close. Only because I like the way "pump and dump" sounds.

LOL, too funny.