ES Journal - 2012

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Quote from failed_trad3r:

WOW TREND DAY OR FAKEOUT:confused: :confused: :confused:
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It appears to have broken the previous down trend on the hourly chart, and is taking to the sky.

For me, I would wait for the third wave (first higher low) to be sure I've got great oddz.....
 
Quote from gmst:

Was short at 1324.25 and 1331.25.

Closed 1 contract because of margin issue around close of RTH at 1329, am going to keep another open overnight. Target 1300-1310.
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Took my stop at 1341.5.
 
Quote from Wide Tailz:

The Market has exploded to the upside.

I hope he was long.

:eek:
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That recommendation was for Dan was in relation to the day trade, and it did move 5 points down. I guess Dan never took the trade as he didn't respond. Anyways.

Btw, Good to see you in ES Journal.
 
Quote from DanS:

This is pure manipulation, based on historic data. This could go to 55 today
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volente said more than once ,he takes the fat calls and puts in spy,(paraphrasing)they take it down and fatten the puts, then up and fatten the calls, short both and then narrow the range into exp and funnel the price in between those strikes
 
Greetings,

I don't see it so much as "manipulation", as it is the market carrying out its primary function. As Pete Stedlymayer said some time ago in his book, Mind over Markets; "The primary function of the markets is to facilitate trade".

And I believe the best place to "find trade" is to seek out where the retail stops are located. If you look at you charts from that perspective, and seek join the "Big Boys & HFT's" rather then fight against them, you might see things in a different light. Its kind of eye opening I think,...what do you guys think?

KDASFTG
 
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