ES Journal - 2013

Quote from Laissez Faire:

Could you post a chart?

I'm just watching this on a day-by-day basis and based on simple volatility analysis combined with a price target at the level I mentioned earlier, I thought it not to be impossible, just improbable.

May very well see it tomorrow or another day.
More...

Sorry but Im heading out soon, maybe gmst can do it.
 
Quote from trickshot:

Sorry but Im heading out soon, maybe gmst can do it.
More...

just want to clarify that my opinion for a target of 50-55 was not based on chart. I have seen a lot of downmoves and they tend to get extended becasuse people worry more when equity markets fall compared to when equity markets rise....that was all the reason for my opinion.

LF - I hope my simple explanation for my target doesn't disappoint you much :eek:
 
Quote from gmst:

just want to clarify that my opinion for a target of 50-55 was not based on chart. I have seen a lot of downmoves and they tend to get extended becasuse people worry more when equity markets fall compared to when equity markets rise....that was all the reason for my opinion.

LF - I hope my simple explanation for my target doesn't disappoint you much :eek:
More...

Yes, actually I'm disappointed, since the reasoning seems too 'intuitive' and not rational. :)

In fact, I've reasoned like that myself in the past, but I've learned that:

1) It usually pays off to bet on what's most probable, since that's what's most probable, even though the improbable may happen.

Simple volatility analysis of daily ranges can be very helpful to 'stay out of trouble'. Pivot levels can also be a useful guideline. I don't have the numbers right here, but tagging S3 and R3 is a very low probability for most days. I believe S3 was 54 today. 1650 would be like a 35 point RTH range or so?

2) Short signals or breaks of support, does not seem to have any real follow through in this market, yet. Maybe since it's a bull market? I've no ideas how many times I've been positioned short on what I thought would be a great sell, only to get stopped out.

Let's just say I've kind of given up on that for a while.

Mini H&S at the 50% though and still 90 minutes left.

Good luck. :)
 
Quote from gmst:

short 3 more at 1676

bidding these 3 at 1671
More...

out of these 3 at 1671 for 5*3 = 15 points booked profit. still have other 5 short contracts on.

So, my current position is as follows:
1) 2 more shorts at 1670.
2) 3 shorts from 1667.5
 
From RS:

Reports of gun-shots fired inside the US Capitol in Washington;
some US Capitol offices in lockdown
Global News
Source: Newswires
Thu, 13:24 03-10-201
 
Quote from horton:

From RS:

Reports of gun-shots fired inside the US Capitol in Washington;
some US Capitol offices in lockdown
Global News
Source: Newswires
Thu, 13:24 03-10-201
More...

Whoaaaaa!!

Will Obama ban guns now????
 
RANsquawk

OFFICIAL NEWSWIRE CORRECTION: Shots fired outside (not inside
as originally reported) US Capitol according to a US Senate aide
Global News
Reaction details:
- Following the correction, E-mini 500 bounced 6.25 points from 1668.25 to 1674.00.
Source: Newswires
Thu, 13:26 03-10-2013
 
You must log in or register to reply here.
Back
Top