ES Journal - 2013

bought that 5 lot back 1699 +4 a bit irresponsible going into data but usdjpy was at strong upper trend right before jobs....

still short avg 98.2 may take that off for a couple of points loss right here on strong retracement in just about everything.
 
Quote from mastacoli71:

SPX bigger picture...coincidental?
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nice chart, so you are saying that upper channel line acts as a magnet, a target that we can hold long trades to, maybe even keep adding to longs for the test of that line?
 
Quote from EON Kid:

nice chart, so you are saying that upper channel line acts as a magnet, a target that we can hold long trades to, maybe even keep adding to longs for the test of that line?
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However one wants to interpret it depending if u r long or short. It a pt of reference. PA will give a clue as what expect.
 
apex82


Registered: Oct 2005
Posts: 2882


12-08-07 02:03 AM

Quote from opt789:

Apex,
Could you expand on this a little? Maybe I am missing the point but I don't see what you are seeing.
NFP : next week's SPX
1/5/07 +21.02
2/2/07 -10.33
3/9/07 -15.89
4/6/07 + 9.09
5/4/07 + 0.23
6/1/07 -28.67
7/6/07 +22.06
8/3/07 +20.58
9/7/07 +30.70
10/5/07 + 4.21
11/2/07 -55.95
Looks like 7 up and 4 down, which has an upward bias but not really statistically significant.



nice stats.. but this pattern is a lot more prevalent if you take the past 3-4 years. There is also the rise starting the week of or before the nonfarm which is a very high probability. The following week may have closed up but check out the following couple days after the report was released. Its one of the best edges I have seen with any reports.
 
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