ES Journal - 2012

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Quote from ajcrshr:

Central Banks preparing for coordinated action to provide liquidity if needed after Greek election according to G-20 sources
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another suedo qe rallies the market, they ddin't have to spend a dime
 
for the first time I have left 1 contract short position in ES over the weekend. We have rallied after the possible G7 intervention speculation following events this weekend, but there is a good chance that something very bad happens this weekend. So, I have left 1 car short.

I hope markets won't open like 20 points against me, that would cause me to lose 1000$.

Edit: I am short from 1335.25
 
Quote from gmst:

for the first time I have left 1 contract short position in ES over the weekend. We have rallied after the possible G7 intervention speculation following events this weekend, but there is a good chance that something very bad happens this weekend. So, I have left 1 car short.

I hope markets won't open like 20 points against me, that would cause me to lose 1000$.

Edit: I am short from 1335.25
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i hope it works out for you cause my bias is short. however, for the first time i carried nothing into the weekend. probably a mistake but i will be in front of computer Sunday night to trade the reaction of news.
 
Quote from mastacoli71:

i hope it works out for you cause my bias is short. however, for the first time i carried nothing into the weekend. probably a mistake but i will be in front of computer Sunday night to trade the reaction to the news.
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Quote from gmst:

for the first time I have left 1 contract short position in ES over the weekend. We have rallied after the possible G7 intervention speculation following events this weekend, but there is a good chance that something very bad happens this weekend. So, I have left 1 car short.

I hope markets won't open like 20 points against me, that would cause me to lose 1000$.

Edit: I am short from 1335.25
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I am short too. Last time I was long over weekend market gapped down 10 points or so. This time it should be different! :D
 
Quote from failed_trad3r:

I am short too. Last time I was long over weekend market gapped down 10 points or so. This time it should be different! :D
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LOL.....So I see you are short, ammo is short and Mastacoli is not short but his bias is short. I am short too.

If 95% traders lose over time, it means all of us are going to lose :)

Only thing that worries me is the huge run-up we have seen in ES, Euro and Aud over the last couple of days. Even the closing bar today was strongly green. This can be interpreted as two way.

1. Traders were short and they have covered their shorts before the news.

2. Smart traders are getting long before the news because they think news is not going to be as bad as expected. Thats why market is running high for last few days, and hasn't been able to break below 1310 this week for any meaningful time.

Both the above rationales are against my position. So, I am worried.
 
Quote from gmst:



Only thing that worries me is the huge run-up we have seen in ES, Euro and Aud over the last couple of days. Even the closing bar today was strongly green. This can be interpreted as two way.

1. Traders were short and they have covered their shorts before the news.

2. Smart traders are getting long before the news because they think news is not going to be as bad as expected. Thats why market is running high for last few days, and hasn't been able to break below 1310 this week for any meaningful time.
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or 3. Shorters hiding in the bush for the price to be high enough to short? :cool:

the ES run ups yesterday and today fills the gap created on Monday.

alas, my timing, entry, exits were shit thanks to greed, fear and impatience :(
 
Expecting a monster short squeeze early next week. Greece elections are fundamentally meaningless, but have been instilling irrational fear among investors. Once they realize that the world did not end on Monday, the chicken littles will start piling in on the long side. We are still 80 points below the May high, lots of room to run higher and squeeze shorts. I wouldn't even think about going short until I see SPX 1360, which is about ES 1354.
 
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