ES Journal - 2013

[sttrader]

Quote from sttrader:

Will add to short at 82.5 if we get there.

Got stopped out at 1701.5 on Sept. shorts.

Short at 1720.5(Dec)

 

[pinkman]

long 1722

 

[Visaria]

long 1719.5, small position

 

[EsKiller]

Short @19.75 1/2 position. Will add with cofirmation down. Looking to see a move to 15ish.

Edit: stop moved to breakeven.

 

[EsKiller]

Quote from EsKiller:

Short @19.75 1/2 position. Will add with cofirmation down. Looking to see a move to 15ish.

Edit: stop moved to breakeven.

stop trailed to 18. Averaged in position @1719. First target 15.25


edit: Stopped out ! Should have exited a tad earlier, but was stubborn. NQ and Euro were holding strong

 

[TskTsk]

Quote from horton:

That imperial model has worked since 1982 in the context of multiple real deflationary factors. I don't think the Fed will enjoy the same luxuries over the next 30 years.

It has been the de-facto way to deal with debt since way before that. In a fiat system there is never enough money for everyone to pay down their debts, thus inflation is utilized to lower the burden of making a stream of payments whos nominal value is fixed. This is a central piece of information that the neoclassical monetarists (dominating western academia) seem to completely ignore.

Quote from mastacoli71:

Us gov Debt ceiling at 16 tril. Fed balance sheet currently at 4 tril and growing. Approx 25%. This is way different then china so I have no clue what tsktsk is saying.

You obviously have never seen the dollar adjusted PBoC balance sheet.

 

[mastacoli71]

Those going long are playing with fire now. Bulls and bears make $, pigs get slaughtered.

 

[Laissez Faire]

Quote from mastacoli71:

Those going long are playing with fire now. Bulls and bears make $, pigs get slaughtered.

Maybe.

But there were people in this journal skeptical towards the long side 900 points lower than this as well.

And probably lower than that before I started reading here.

Just saying.

 

[candles]

Quote from Laissez Faire:

Maybe.

But there were people in this journal skeptical towards the long side 900 points lower than this as well.

And probably lower than that before I started reading here.

Just saying.

I must say, you're completely correct.
I don't know if you were around or not, but I remember in this thread when we were well below 1000 ES, and a trader (I think it was ''Airwaves''?) told everyone that the easy money was up, and that we'd see 1500 soon. He went long everyday whilst everyone else, as usual, shorted and got killed. He wasn't much liked.

It was either Airwaves, or maybe Lexcorp?? Both used to do very well day after day.

It fun looking back.
Fact is, we will keep going higher over time. It simply has too. It's manipulated to high heaven and surely by now, everyone knows it!

I would never short the ES for anything more than a tiny scalp.
I also wouldn't be looking for swing longs here either, but shorts are pretty much always out of the question.

It is, and will always be, heavily biased to the upside

 

[mastacoli71]

Quote from TskTsk:

It has been the de-facto way to deal with debt since way before that. In a fiat system there is never enough money for everyone to pay down their debts, thus inflation is utilized to lower the burden of making a stream of payments whos nominal value is fixed. This is a central piece of information that the neoclassical monetarists (dominating western academia) seem to completely ignore.


You obviously have never seen the dollar adjusted PBoC balance sheet.

No I have not but what is their balance sheet in comparison to china gov debt level? On a %basis?