ES Journal - 2012

[mastacoli71]

tick shy of 40 pts off overnight low

 

[ammo]

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html i never know how to take this but the big money is always selling into rallys or buying the big drops so this could be a pump and dump, the news from europe was just another throw something at the wall and see if it sticks

 

[ammo]

sh 59 offer 60,1,2,3..70-68 - 7 is 63-61 out 58 75 offer 61-63 offer 60

 

[tortoise]

huh. blowoff?

 

[mastacoli71]

Quote from tortoise:

huh. blowoff?

banging stops above 6/19 high, insane

 

[mastacoli71]

Quote from mastacoli71:

add 55.5, avg 54.5

flat 57.5. enough intra daytrading for me. thought i would give it a shot again but it simply does not work for me.

good luck guys, i will stick with selling option premium

 

[ammo]

fading trend days is a contrarians nemesis

 

[mastacoli71]

Quote from ammo:

fading trend days is a contrarians nemesis

Yep. I should know better. Even stated earlier that today is Friday, low volume, typical drift, and the fact that it is market makers dream day. And I still tried to fade, not very smart of me at all. Deserve everything that happened today.

 

[ammo]

used to get killed about 3 times a month til i learned to recognize trend days and how they affected my month

 

[mni4tw]

Quote from mastacoli71:

not even sure why i tried trading a move like this on a Friday going into a holiday weekend. imo, market makers are baiting shorts right now to take this thing above june 16 high.

really great prediction. i couldnt believe it after we run already that high in this(!) environment(dax was already over +4%).