ES Journal Archive (2006 - 2008)

[Spooz Top]

Quote from Spooz Top:

looks like they want 42/43.....

caught the 42 but bigger size up to 43.25 missed me......44/45 sounds about right....being that dow wants to see 600-610,imo.

 

[Brucelee]

Quote from Spooz Top:

caught the 42 but bigger size up to 43.25 missed me......44/45 sounds about right....being that dow wants to see 600-610,imo.

Are you saying we traded up to 43.25 on the days session?

 

[[K2]]

He's saying he had bigger size waiting @ 43.

Good style when it works, watch out when it doesn't.

 

[Spooz Top]

Quote from Brucelee:

Are you saying we traded up to 43.25 on the days session?

i`m saying that i had more to sell up to 43.25........5`s every tick up 43.25............42.25,.50,.75.etc.

i don`t usually get my whole scale on an extreme move like that but if i don`t ....it usually means i`m right.

 

[BoyBrutus]

Quote from Spooz Top:

caught the 42 but bigger size up to 43.25 missed me......44/45 sounds about right....being that dow wants to see 600-610,imo.

Nice going ST. What would be your stop on a scaled entry like that.

Also can you give a general indiction of how you identified the zone.

thx

 

[Brucelee]

Quote from Spooz Top:

i`m saying that i had more to sell up to 43.25........5`s every tick up 43.25............42.25,.50,.75.etc.

i don`t usually get my whole scale on an extreme move like that but if i don`t ....it usually means i`m right.

Ok, got it. I thought I was having feed problems.

 

[Spooz Top]

Quote from BoyBrutus:

Nice going ST. What would be your stop on a scaled entry like that.

Also can you give a general indiction of how you identified the zone.

thx

stop would be 6 ticks from the last fill for 3/4 size then "feel" the rest for rentry or out.........


was waiting for 1 more leg from 38/39........on an extreme move like that we`ll more often than not tag that prior gap open to the tick or ride just inside of it before heading south.

 

[Spooz Top]

also remember that the rule of 10 x 3.......from yesterdays lo of 12.25....to......42.25.

rule of 10 or ( dow cash...rule of 100) works in doubles & triples on big moves.

that`s an old measurement rule that has been around a long time now.

 

[BoyBrutus]

Quote from Spooz Top:

stop would be 6 ticks from the last fill for 3/4 size then "feel" the rest for rentry or out.........


was waiting for 1 more leg from 38/39........on an extreme move like that we`ll more often than not tag that prior gap open to the tick or ride just inside of it before heading south.

Thanks ST, will have to do more gap analysis.
Yesterday the ER HOD closed the gap from the prior day 12th before heading south for 4 points.

 

[apex82]

nice spooz... I was hoping for one more leg higher to sell hard into.. but cant always get what you want.


We should have a nice buy setup this afternoon if this market can pullback from these levels. However, it must hold these highs in order to qualify the zones as a buy.

1530-1531.50

targets retest of highs 1540 area, 1544-1545 and last target at 1550-1551 and flip short for a pretty good decline.