ES Journal - 2012

[Handle123]

Quote from Handle123:

Long 1438.00

R 6 ticks

TP 4/8

minus 5 ticks

 

[ammo]

Quote from ammo:

cxl 38 bid

34 bid for reduce

 

[ammo]

Quote from ammo:

cxl 38 bid

34 bid for reduce

 

[Daring]

AA reported and although it was nothing spectacular it was fairly positive but these cooked books fail to impress.

Market heading lower, we were overbought now the downtrend has commenced. Expecting teens before Friday and that's where I will cover my short.

 

[Macho]

Quote from ammo:

cxl 38 bid

Ammo,

Not for a minute would I pretend to understand 'mp' although the concept is simple enough.

Could you tell us why you cancelled the 38 bid ,because the way I understand what you are doing ,it would have been "set in stone".Nothing had really changed in the 38 bid layout as it was a set bid way earlier.

So you have now cancelled it to take a lower bid,great if it comes off,but I would be interested if you could explain your reasoning.

Thanks

 

[ammo]

Quote from ammo:

34 bid for reduce

cxl

 

[ammo]

Quote from Macho:

Ammo,

Not for a minute would I pretend to understand 'mp' although the concept is simple enough.

Could you tell us why you cancelled the 38 bid ,because the way I understand what you are doing ,it would have been "set in stone".Nothing had really changed in the 38 bid layout as it was a set bid way earlier.

So you have now cancelled it to take a lower bid,great if it comes off,but I would be interested if you could explain your reasoning.

Thanks

that all time chart is possibly a major top, we didnt stall at the previous nips, so the sellers absorbed the buyers there as they were doing here,there was no bounce so it may go to the 22,normally you could reduce and sell them higher,i like to reduce into a bottom,not ever sure where that is,but it didn't feel like there were any buyers, more like they were holding it up above the sell stops to not have to share any short sells with them,or to keep it above those sell stops to sell at better prices ... every nip or ledge is a spot where some of the leftover wrongs will cover to breakeven, if there are enough,it will stop and turn, if they get absorbed, then their is something bigger happening,size wise.. the dvol over uvol was acting like a trend day and often that pushes to a new low at the close,opposite if it's an uptrend

 

[Macho]

Ammo,

Got you.

So it is a combination of revolving factors that influence your ultimate decision to stand by the initial bid/ask depending on current activity and not one particular nip or whatever.

 

[ammo]

Quote from Macho:

Ammo,

Got you.

So it is a combination of revolving factors that influence your ultimate decision to stand by the initial bid/ask depending on current activity and not one particular nip or whatever.

i usually am watching the same nips and tls in the eur/usd and trans,aapl, dollar,am always watching the internals ,uvol/dvol and adv decn, but the combination of those as a group,often they are working together and it's as easy as just using the es or cash nips,the major res tl mentioned may not even be major but it's worth taking notice, may have missed out on some profits here,we'll see

 

[ammo]

another thing macho, this usually fades a big move,like on a big up move, the spy would be close to the top on the selling on strength,or on a big selloff, it would b close to the top of the buying on weakness,theoretically meaning they move it to a point to sell or a point to buy,today the spy on the buy side is almost one for one, half way down the page http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html