ES Journal - 2012

failed_trad3r · Oct 16, 2012

Long term view we should hit 1500 this year, and 1700 next year.

Super new highs. I believe. Whoever shorts is an idiot.

Handle123 · Oct 16, 2012

Quote from failed_trad3r:

Long term view we should hit 1500 this year, and 1700 next year.

Super new highs. I believe. Whoever shorts is an idiot.

Thanks, LOL been selling it when it hits 1450.00

Normally when ES hits "00" or "50", till it breakouts out, it is good for 3-4 ticks.

I am a huge pessimist, don't think of new highs on lousy economy, but if it gets up there, I will be a seller.

failed_trad3r · Oct 16, 2012

Quote from Handle123:

Thanks, LOL been selling it when it hits 1450.00

Normally when ES hits "00" or "50", till it breakouts out, it is good for 3-4 ticks.

I am a huge pessimist, don't think of new highs on lousy economy, but if it gets up there, I will be a seller.

I didn't believe. But now I do. We will go to new highs, and soon. It won't take more than a year, mark my words. Hard lesson.

mastacoli71 · Oct 16, 2012

Quote from failed_trad3r:

I didn't believe. But now I do. We will go to new highs, and soon. It won't take more than a year, mark my words. Hard lesson.

You and all the bears that have finally thrown in the towel. Good contrarian indicator from what I understand.

For intraday trading, why does it even matter?

Macho · Oct 16, 2012

Quote from failed_trad3r:

Whoever shorts is an idiot.

It will be only a matter of time and you will see yourself in a mirror.

Spectre2007 · Oct 16, 2012

Last line at 1450 hit..

1465-1415 is the consolidation zone ..

- Fiscal cliff
- Obama presidency
- European issues

ammo · Oct 16, 2012

Quote from failed_trad3r:

Long term view we should hit 1500 this year, and 1700 next year.

Super new highs. I believe. Whoever shorts is an idiot.

years ago, maybe 2000, i used to watch cnbc too,carnival barkers,up,up,up,invest,invest,invest

failed_trad3r · Oct 16, 2012

Quote from mastacoli71:

You and all the bears that have finally thrown in the towel. Good contrarian indicator from what I understand.

For intraday trading, why does it even matter?

It is not a very good indicator to do the opposite of ET, we have QE3 now. The only game is to play long.

Also, I'm just warning that we will probably have 5 point ranges and stair step up pattern next few months or year. Not much profitable intraday trading possible. Very boring market it will be. VIX at 14-15

Quote from Spectre2007:

Last line at 1450 hit..

1465-1415 is the consolidation zone ..

- Fiscal cliff
- Obama presidency
- European issues

we have had these three issues during the last 4 years. We also went from 666 to 1470. Nothing to do but buy. It's almost free money.

When we break last month high in the next two weeks you will see the error of your ways.

ammo · Oct 16, 2012

just read it as it happens, don't predict, react... http://www.stopmarketrisk.com/index.php?idpost=78 edit ,posted a section from the imf report about qe 3 ,they said that the banks are not putting the money into the markets anymore, they are keeping it for their own protection.. http://www.elitetrader.com/vb/showthread.php?s=&postid=3649714&highlight=pages#post3649714

Handle123 · Oct 16, 2012

Quote from failed_trad3r:

I didn't believe. But now I do. We will go to new highs, and soon. It won't take more than a year, mark my words. Hard lesson.

I hope you are right, I can sell it that much higher, but I am just trading my rules that I developed in 1994, and since I normally hedge, risk is mininal.

Since you have such strong beliefs, are you long the ES for a long term trade?