ES Journal Archive (2006 - 2008)

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Quote from tommymoose:

I like 1456-1460 as a short zone if it looks like a reversal is in the making. Just above Fridays high in SPX (but not ES which was 10pts above fair value at 9:40), plus a matching 61.8 fib (last big rally ending 8/08 turned at the same level... similar size move aswell)

Through that and I wouldn't look at shorts til ~1479 where there could be a good setup.

Take anything I say with a grain of salt, I'm still learning.:)
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I haven't been able to trade, but its nice to see this zone is very valid.
 
Quote from Spectre2007:

I've been buying anything under 1450 and selling it a few points above 1450...for past few sessions.

but only initiating trades on long end.

and its been working pretty well.
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MM's don't want to give me 1450's or lower, for the 2:00-2:30 pm upsurge.
 
Quote from mbusch:

Re-entered short at 1459.50
BS at 1461.00 (6 ticks)
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Wound up exiting this position on a trailing stop at 1454.25 for +5.25. Not the 10-20 points I'd hoped for, but perhaps the last hour will bring another shorting opportunity from a retest of HOD.

[Sorry for late report, but I've been having a heck of a time posting on ET today. Awhile ago, I couldn't even read posts, much less make them. Maybe they need a bigger server or bigger pipe.]
 
Quote from mbusch:

Wound up exiting this position on a trailing stop at 1454.25 for +5.25. Not the 10-20 points I'd hoped for, but perhaps the last hour will bring another shorting opportunity from a retest of HOD.

[Sorry for late report, but I've been having a heck of a time posting on ET today. Awhile ago, I couldn't even read posts, much less make them. Maybe they need a bigger server or bigger pipe.]
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install the netscape browser.. its a lot faster. I disabled IE.

don't install any additional plugins.
 
Spectre and Spooz,

Are you guys placing resting BUY STOP orders above the market to catch the potential blast-off if the Fed cuts rates before the next meeting? Or are you just trying to catch the B/O above Friday's highs (intraday) as the market moves higher ahead of the Fed? Nice strategy either way.

MDT
 
Quote from MiniDowTrader:

Spectre and Spooz,

Are you guys placing resting BUY STOP orders above the market to catch the potential blast-off if the Fed cuts rates before the next meeting? Or are you just trying to catch the B/O above Friday's highs (intraday) as the market moves higher ahead of the Fed? Nice strategy either way.

MDT
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fed announcement only.
 
Quote from MiniDowTrader:

Spectre and Spooz,

Are you guys placing resting BUY STOP orders above the market to catch the potential blast-off if the Fed cuts rates before the next meeting? Or are you just trying to catch the B/O above Friday's highs (intraday) as the market moves higher ahead of the Fed? Nice strategy either way.

MDT
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no, i am not.....even if the fed makes the mistake & cuts,i believe it will be short lived & a selling opportunity above fri hi`s.

i`ve been wrong before but i am staying with my conviction on this one.i`m piecing in so small i can barely feel it at these levels.of course there are catastrophie stops,to prevent one ,but i have a larger than usual sell zone to cover....with a pyramid style so my largest size is closest to my outs & also in the zone to capture most profit without missing the anticipated move.
i`m not interested in day trading this market as stops are being ran pretty easily,which tells me they`re weaning out the weak positioners for a big move.
 
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