ES Journal - 2012

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Quote from Pekelo:

Anybody knows why we dropped 20 pts overnight? It started just after the debate ended...
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To see if Obama would underperform.. He didn't so hail the new President with a market crash..
 
Quote from Daring:

considering I don't do long positions, covering my short position from 57 @ 31 for +26.00 until further notice.
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Nice trading. But I never understood people who only take positions in one direction. I understand if you have a preference, but why not just trade it with a minimal position.

What do you do when the market is in rally mode and you miss all the oppostunities? Just wait?
 
Quote from Spectre2007:

To see if Obama would underperform.. He didn't so hail the new President with a market crash..
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I thought the debate wouldn't change much:

Quote from Spectre2007:

the market already knows whos going to win the elections, tonights debate wont change much.
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But I agree, the market already knows, now we should just tell the kids in the Politics section... :)
 
Quote from Pekelo:

Anybody knows why we dropped 20 pts overnight? It started just after the debate ended...
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Reality setting in but technically speaking we are in a downtrend on the daily, lower highs, lower lows.
 
Quote from Pekelo:

I thought the debate wouldn't change much:



But I agree, the market already knows, now we should just tell the kids in the Politics section... :)
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The market knows but other factors such as the Fed meeting will create gaps in either direction. We had a pseudo statement about increasing scope of QE3. Price action gaps to maintain efficiency.
 
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