ES Journal - 2013

Quote from mastacoli71:

i don't see this as strange. there is more questioning now within the fed about QE. if they stop buying, who is going to buy at such low yields with a current economy that is still being spoon fed by fed liquidity. i wonder what will happen to US gov deficit every 0.25% increase in bonds. this is another bubble but this time at gov level, not good. enjoy the euphoria of the media cause it won't last long.
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i get lost in all that stuff.. i agree with you.. but i'd rather trade the price action in front of me.. i'm sure there will be a day of reckoning maybe sooner maybe later.. but i don't wanna be illiquid when we do get their.. nor do i wanna get lost in some narrative. just sitting tight until that is realized is a job in itself.... i've got a better idea.. dont' watch the media at all.. after trading hours the last thing i wanna hear is some crazy spin on reality thats been sensationalized to feed to the pigs of America dying of obesity and boredom haha..

i'm looking for a bit of bounce in vol and a little retreat .. not to buy but just as a consequence of such a large move up.. sort of like a frequency bouncing back as nothing happens in a vacuum.. todays action means less of anything then it does of something.. the jump up is to me more of a confirmation of a longer term uptrend support.. and yes thats the 62 dollars i lost today trading es in the upper right corner..

<a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/832/esjan3.png/'><img src='http://img832.imageshack.us/img832/3413/esjan3.png' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>
 
Quote from Daring:

What's your position like now ?

Last update I got from you you were adding to your shorts around low 20s.

Thanks
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ammo


Registered: Feb 2007
Posts: 17071


01-03-13 01:25 AM

Quote from ammo:

add 23.5

covered these at 41 for -23
 
agree 110% about price, that is what i trade. as sick as this may sound i like the background sound of CNBC cause trading is boring, but you have to keep it in perspective and trade the price. btw, imo there are only a few sound minds on that station, the rest can be kicked to the curb especially their "special" guests, lol.

Quote from cdcaveman:

i get lost in all that stuff.. i agree with you.. but i'd rather trade the price action in front of me.. i'm sure there will be a day of reckoning maybe sooner maybe later.. but i don't wanna be illiquid when we do get their.. nor do i wanna get lost in some narrative. just sitting tight until that is realized is a job in itself.... i've got a better idea.. dont' watch the media at all.. after trading hours the last thing i wanna hear is some crazy spin on reality thats been sensationalized to feed to the pigs of America dying of obesity and boredom haha..

i'm looking for a bit of bounce in vol and a little retreat .. not to buy but just as a consequence of such a large move up.. sort of like a frequency bouncing back as nothing happens in a vacuum.. todays action means less of anything then it does of something.. the jump up is to me more of a confirmation of a longer term uptrend support.. and yes thats the 62 dollars i lost today trading es in the upper right corner..

<a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/832/esjan3.png/'><img src='http://img832.imageshack.us/img832/3413/esjan3.png' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>
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