ES Journal - 2012

[gmst]

Quote from gmst:

Added at 1411.5, Average price = 1421

Edit: Also added at 1408.5, Aver price = 1418.5

Stopped half at 1406 yesterday,

added again at 1410.25 today for full long position. Stop 1401.

 

[ammo]

es 4 hr 6 mo. hns? retest neckline?

 

[Spectre2007]

14:15.. Fed Statement some volatility stops on both sides will be hit. 1404/1401 and 1414-1415 next set at 1420 and 1424 and 1430. Position shorts have stops at 1430.. Longs at 1401..

Most are shorting in anticipation of break down to 1390. The price action and climate implies getting short. If most are shorting what will price do?

 

[clearinghouse]

Not an ES trader; just an observer -- is it me, or is the ES rather sloppy this morning in terms of trading?

 

[Spectre2007]

The banks and 'working group' .. Have a mandate to prop up equities, they will sell them but on the whole low vol run up ponzi scheme.

 

[Spectre2007]

Quote from clearinghouse:

Not an ES trader; just an observer -- is it me, or is the ES rather sloppy this morning in terms of trading?

Most sideline till FOMC statement price just ranges till then.

 

[fishing]

Quote from Spectre2007:

14:15.. Fed Statement some volatility stops on both sides will be hit. 1404/1401 and 1414-1415 next set at 1420 and 1424 and 1430. Position shorts have stops at 1430.. Longs at 1401..

Most are shorting in anticipation of break down to 1390. The price action and climate implies getting short. If most are shorting what will price do?

thre are lots of bottom pickers like myself too

 

[nillionaire]

Quote from clearinghouse:

Not an ES trader; just an observer -- is it me, or is the ES rather sloppy this morning in terms of trading?

I noticed various statements from Draghi in my news feed during that period of sloppiness.

 

[ammo]

http://reddragonleo.com/ not saying or believing they would do this at this time but its possible edit.. flat and cxled on existing gtc's

 

[mastacoli71]

Quote from Spectre2007:

14:15.. Fed Statement some volatility stops on both sides will be hit. 1404/1401 and 1414-1415 next set at 1420 and 1424 and 1430. Position shorts have stops at 1430.. Longs at 1401..

Most are shorting in anticipation of break down to 1390. The price action and climate implies getting short. If most are shorting what will price do?

Another side, most are trying to pick bottom last few days so big money will try to run stops below 1400 to shake out the low risk longs and run it up into the close or overnight to 1422-1427 range before pulling the rug again.