ES Journal - 2014

Brianharvey · Jul 1, 2014

pinkman said:
As always, much obliged for the easy $$$$

Out here at 1969 for +8 ES points. My daily average.

Off out. See you tomorrow!

Outstanding trading. When you understand how the market works, it becomes pretty easy i'm thinking!
Fed should pump a few more billion in soon which will be good for long traders.
Keep posting your calls, pls.

Brianharvey · Jul 1, 2014

Brianharvey said:
Trying Long here @ 1970

Lots of good traders say we colud get 1990 today/tomorrow

Putting a limit order in at 1985 and walking away! cheers.

ES Shooter · Jul 1, 2014

NoDoji said:
Interestingly, I've found that price tends to pull back from "pre-magnet level" (10 ticks in CL, not sure what is equivalent in ES) and shake out everyone who got in there, afraid of missing the blow off move. Once that's done, shorts are sucked in and the real move then transpires.

Thumbs up!
Short covering is what drives markets higher

bigsnack · Jul 1, 2014

Brianharvey said:
Putting a limit order in at 1985 and walking away! cheers.

Damn, that would be one of the most intense bullish trend days we've seen in nearly as long as I can remember.

Lots of bullish trend days top out near or around 17 points, at least from what I can remember over the years.

TskTsk · Jul 1, 2014

iloveoptions said:
I have to believe you. Your posts have been spot on. Specially the 1000 points drop you called a few days ago.

Every now and then, I like to let out my inner zero hedger.

iloveoptions · Jul 1, 2014

TskTsk said:
Every now and then, I like to let out my inner zero hedger.

Those 1000 point calls are starting to get boring though. Please ramp it up to 5000 from now, otherwise I'll put you on my ignore list

DarthSidious · Jul 1, 2014

I keep refreshing the page for someone to chime in "getting oversold".

I still do not see any reason for any high target short, but still...

ES Shooter · Jul 1, 2014

ES Shooter said:
Ah that sucks.
I cut half of mine at 1196.40
Watching 1201 area to put it back on. Looks like its going to be a long wait.
It should explode above 1212-1215 area. Would be nice to see this week

1201 Area hit. Rally to the close!

tiddlywinks · Jul 1, 2014

I wonder what happened to CoolHandLuke.
Yesterday late day he was short NQ around 3850 convinced a big selloff was "imminent" (his word) and calling people idiots.

FreakofNature · Jul 1, 2014

tiddlywinks said:
I wonder what happened to CoolHandLuke.
Yesterday late day he was short NQ around 3850 convinced a big selloff was "imminent" (his word) and calling people idiots.

The usual, noobs calling tops, marrying one side, too many biases, but these noobs are great examples on what not to do and how not to trade the market.