ES Journal - 2016

Visaria · Mar 10, 2016

tbf, (short term) TA kinda goes out the window when you have major policy announcements e.g. the ECB thing in less than quarter of an hr.

Spectre2007 · Mar 10, 2016

Visaria said:
tbf, (short term) TA kinda goes out the window when you have major policy announcements e.g. the ECB thing in less than quarter of an hr.

Yep it's like free money.. You know who pumps up the prices directly pre announcement?.. The market to a minor degree but the central banks themselves pump it up. They create the "CB Mystique" and train the masses with Pavlovian price behavior. They instill the image of omnipotence. So it's free money on their backs.

dartmus · Mar 10, 2016

There are more stops above than below. Outside days are possible but rare within the current context.

Builder17 · Mar 10, 2016

ecb going early!

Visaria · Mar 10, 2016

what do u mean?

Builder17 said:
ecb going early!

Builder17 · Mar 10, 2016

think i missed where rate was scheduled, but thought everything was at 8:30 EST. big move

Visaria · Mar 10, 2016

ah, ok...rate was at 12.45pm and press conference is at 1.30pm uk times

dartmus · Mar 10, 2016

Strong close on all timeframes at the top of the hour. Uptrend reconfirmed.

Buy1Sell2 · Mar 10, 2016

From the chatroom

Buy1Sell2: I don't believe daily trend has changed downward yet. So far, I see pullback only
Buy1Sell2: Long 1988.00
Buy1Sell2: Initial stop 1976.00
Buy1Sell2: Holding long overnight. I see some action that implies higher prices
Buy1Sell2: current price 1986.50
Buy1Sell2: ok so holding now with 1.5 pt unrealized profit. Keeping stop the same
Buy1Sell2: Positioned for an up day overnight/Thurs

From the chatroom this morning

Buy1Sell2: Out at 2005.00
Buy1Sell2: for 17 pt gain
Buy1Sell2: Due to high margin on the trade, I am not holding into the day
Buy1Sell2: Once we jumped that that far out of the upper Bollinger Band

romik · Mar 10, 2016

Visaria said:
tbf, (short term) TA kinda goes out the window when you have major policy announcements e.g. the ECB thing in less than quarter of an hr.

Works both ways, if TA positions you to be on the right side of the market in line with expected announcements you'd profit. This re-confirms the notion that money management is king.