ES Journal - 2014

[mastacoli71]

add 77 5 on a volume spiki

4 days worth of gaps to fill. Fed mtg mins could take care of those

 

[ammo]

4 days worth of gaps to fill. Fed mtg mins could take care of those

looking for any pullback to reduce, thinking same as you but may rally into meeting, get the bigs nice prices to get short
first sizeable open int in spy puts is 195s
http://imgur.com/68VnX0p

 

[Brianharvey]

I think we have probably started a new large leg up now.
L 1968.5

Nice start. Looking good. Holding for 1976.

People with the snidy comments aimed at me yesterday have gone aweful quiet!!

target hit. Took it's time and made a ridiculous move down in the meantime, but had to be patient in the knowledge that it would rally back,

out for 7.5 points

 

[ammo]

add 77 5 on a volume spike

avg 67 reduced 77 25- 10.25

 

[redbox]

try to guess what the big accts are doing,goldman morgan,assume they always know more than we do, lobbyists, gifts ,always a mouse in the information room ,wherever that may be, ecb,fed,DC,arms dealers,etc.... if you are going to let your mind wander, try to find their footprints

Thanks Ammo, well I imagine they would keep pushing price up to squeeze shorts, when that is done push price down rapidly to force longs out of their positions. Not sure if goldman et al have the power to do that.

 

[redbox]

add 77 5 on a volume spike

avg 67 reduced 77 25- 10.25

does that mean you've just lost 10 points on that reduction?

 

[actionzip54]

Hmmm, pull up a daily S&P chart for the past year or two. Several 6, 8, even 10 day rallies. Sure a few days that were flat or slightly down, but some runs were overall still very strong after 6+ days (example: Feb 5-27th this year and May 21-June 10 this year).

Good traders aren't bulls or bears. They trade what the market dishes to them. Low volume, low vol = go long. Pop in volume and vol = go short for a few days and make sure to cash out when volume/vol diminish.

I've pulled up the charts. You can back test it. That's true, "some" runs are very strong but it still doesn't change the overall mean reverting action of the market. The last 18 months have been an anomaly. Are you telling me that you are objectively looking at the market buy simply declaring the market is going higher with no data to back up your claim? Lolz.

Also, if you look at the market runs you cited the meat of the move was in the first 4 to 5 days and none of those moves ever made a run over 4ish days without a down day.

 

[istoptime]

don't fight the trend. unless you can pick the exact beginning of a new trend.
don't fight the fed. as long as you know the old trend didn't end. lol
forget everything but price.
i haven't shorted the ES on a day-trade for weeks. no reason to now.
remember, no matter what anyone says about anything, nobody knows.
i don't know, but i wouldn't want to be short. what do i know....

 

[OTCkrak]

"nothing can stop this market"..

honestly, i dont see this having a significant move down before 2000 on the cash.. between USDJPY breaking out, crude oil collapsing/geopolitical risks off table .. nothing can stop this...

 

[ammo]

Thanks Ammo, well I imagine they would keep pushing price up to squeeze shorts, when that is done push price down rapidly to force longs out of their positions. Not sure if goldman et al have the power to do that.

they are running the show and they need to take profits, forcing longs and s

does that mean you've just lost 10 points on that reduction?

if you took that previous 6 lot example and bought 1 back,you lost 10 points on the 1 lot and are still short 5 lots