ES Journal - 2012

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Quote from Handle123:

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Normally when ES hits "00" or "50", till it breakouts out, it is good for 3-4 ticks.
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Finally went down, was getting tired of scalping 2-3 ticks.
 
Quote from failed_trad3r:

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



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.
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Yea the market is basically dead, most market participants believe that the central banks have successfully backstopped the market with their printing presses, so nobody really wants to short this market anymore. That coupled with the fact that there are next to no alternatives to equities right now makes things worse, where would you go to after selling stocks if you were a fund manager? Treasuries? Those things yield nothing now, and the fundamentals for USTs arent in any way better than stocks.

Its a hobson's choice, everything looks just as bad as stocks so there is nowhere to move to, hence fund managers are choosing to do nothing. This is probably why volatility is so low right now.
 
Quote from failed_trad3r:

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
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Lol, ok.
 
If you look at the price of gold and how much it has appreciated, and also think of on average how much global money supplies have increased. Share prices or book value of companies being fixed assets ( buildings, cash on hand), will tell you that equity prices haven't kept up with money supply increases.

It means as sovereign funds convert paper wealth into fixed assets to protect from further debasing. You will have one of the largest bull market of all time. All driven by inflation printed by the FED.
 
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