ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from sosa1974:

Oh yes its very clear "Paper to Sell" !! "Big paper seller" and trust me the noise level was off the hinges. Its music to my ears. I use the s&p pit feed, its a nice tool to have in your aresenal for short term positions.
More...

I guess I don't understand this then--wouldn't the idea of a big paper seller (public trader), be an invitation to fade the selloff. Is that what happened when you heard it?
 
Quote from Buy1Sell2:

nice entry --very nice indeed! Mine by the way was only 1265.75. Stop is above high of day.
More...

I was stopped at 1273.00--Nice to buy near the high of the day-- :(

Loss 7.25 one unit.
 
When I'm in a short it helps me stay in just a little bit longer. And basically its a short term tool since I cant really hold on more than 4 to 5 points normally. What happened @ 1258.25 was a bounce of the 200 day on the Sp. I dont fade paper to sell, I just hold on to my short trade a bit longer. Vice versa when its paper to buy.
 
Quote from sosa1974:

Man its so much paper being sold, it was unreal. The 200 day on Spy is 125.87, the low for today 125.85. The Selling maybe done here as I would think maybe the mutuals might come in and be ready to buy.
More...

Like clock work indeed.
 
Quote from Buy1Sell2:

I guess I don't understand this then--wouldn't the idea of a big paper seller (public trader), be an invitation to fade the selloff. Is that what happened when you heard it?
More...

Too much monmentum to fade. And yes when it gets to an extreme the locals wait for them and fade. Exactly what happened @ 1258.25
 
Status
Not open for further replies.
Back
Top