ES Journal Archive (2006 - 2008)

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HERE'S MY DAY:

0940 bot @ 1510.50, sold 0942@ 1511.00 +0.50
0948 sold @ 1509.00, bot 0951@ 1508 cum+1.50
1035 sold @ 1516.00, bot 1039@ 1515 cum +2.00
1145 bot @ 1517.25, sold 1149@1517.75 cum +2.50
1521 sold @ 1517.25, bot 1523 @ 1516.50 cum +3.25

missed that beautiful move shortly after 10a.m. b/c i was otherwise occupied.
 
Quote from princessa:

HERE'S MY DAY:

0940 bot @ 1510.50, sold 0942@ 1511.00 +0.50
0948 sold @ 1509.00, bot 0951@ 1508 cum+1.50
1035 sold @ 1516.00, bot 1039@ 1515 cum +2.00
1145 bot @ 1517.25, sold 1149@1517.75 cum +2.50
1521 sold @ 1517.25, bot 1523 @ 1516.50 cum +3.25

missed that beautiful move shortly after 10a.m. b/c i was otherwise occupied.
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Nicely done. You have a knack for timing. Only in the market for a few minutes at a time while capturing your money.
 
Quote from riaamaan:

Nicely done. You have a knack for timing. Only in the market for a few minutes at a time while capturing your money.
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thanks, dude. appreciate the complement.:)
 
Today's tell was market internals told the story of a non-trend day up with the arbing across the SIF's. i.e. when the pivots are cracked and stretched yet the market is getting sold into it look for a reversal. There were a couple of heavy program sell bursts which were triggered by buy stops--the hallmark of controlled institutional selling. The rest is just following the rules.
 
Quote from duard:

There were a couple of heavy program sell bursts which were triggered by buy stops
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How does one know--The big ass several thousand contract engulfing trades which go off in the opposite direction to momentum. They'll sit on the otherside of the stops waiting for buy stops so their sell orders can fill with minimal slippage. Iceberg stuff. Sometimes they'll rapid fire smaller orders in succession. The bottom line is that happened the minute the spoos poked there head into new high territory. 1/4 to a half point and wham traders were awaiting the otherside of the mountain. Kinda like trapping the opposition in a box canyon. Then program sell them into submission until they join the selling themselves and then it's about time to cover....

But I'm rambling. Just a hobby....
 
Quote from dmartin:

Apex:

Love your trading. How do you determine areas of confluence? What are you looking for that creates areas of confluence?

DMartin
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Thanks... Areas of confluence are derived from a combination of methodoligies. Such as EMA's, median lines, dual purpose trendlines, breakout bar pivots, retracements, indicators, time of day, volume, etc.. If you have one thing that gives you an edge in a 1 pt zone and then in another you have about 10 things.... where would you rather place your trade?
 
Just thought I would chime in like I do every month at this time....

The tuesday and or wednesday of option expiration week are generally one of the most volatile days of the month. Get ready for some action tomorrow...
 
Sitting tight here with my long position. If I should see a good long signal on the daily chart, I will add to it. Nothing to do right now, as I have my puts in place in both ES and NQ as protective stops. :)
 
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