ES Journal Archive (2006 - 2008)

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Quote from monstercat:

No-problem i'll say duh.duh. If you had any brains you'd know 2 dow stocks (axp and mcd) caused the huge skew.
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Thats BS.... out of all 4 index's the only high probablity short was the dow.... that is why I shorted the crap out of it and it fell the furthest IMO...
 
Thats BS.... out of all 4 index's the only high probablity short was the dow.... that is why I shorted the crap out of it and it fell the furthest IMO...


Your quote above is totaly wrong. The skew took place on the open at 9:30. The dow opened down about 1% and the s@p about .6%. Before any one could react the difference was there. Now run along and make some more video's
 
The skew took place to converge the ym and es at 12666 and 1410 respectively. Now can anyone tell me why?


Quote from monstercat:

Thats BS.... out of all 4 index's the only high probablity short was the dow.... that is why I shorted the crap out of it and it fell the furthest IMO...


Your quote above is totaly wrong. The skew took place on the open at 9:30. The dow opened down about 1% and the s@p about .6%. Before any one could react the difference was there. Now run along and make some more video's
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staying short ES here and long 10yr, yen, swiss and euro. short hogs and long gold. ES journal though so I'll just say---No reason to be long ES right now. Looking for homeruns only:)
 
Buy1Sell2, can you post a chart on where you entered on Gold please, I wonder whether you bought daily pennant breakout, I think a lot of technical traders have seen it as one of the best opportunities to go long at that time. Thanks.
 
Great commentary Joeyata. Thanks.

Yup. There is just no good news in the horizon that could bring a relieve rally to the US markets, except for the days the Fed moves. Asia which could have helped is also falling apart under intense selling pressure.

Somebody should probably tell the Russians and Germans a serious correction is coming their way....lol

We should be breaking really hard to the downside soon. Which makes me think Bernanke will move sooner than expected, showing weakness, again...

But let's see. Never a dull moment in this business indeed..

Cheers :)
 
Quote from smilingsynic:

Broke below yesterday's low, only to SPRING to this hour's high.

In these days of instant backtesting of complicated algorithms, automated trading, electronic exchanges that take the place of pits, and the absorption/liquidation of exchanges that have been here since before my grandmother was born, I find it ironic that Taylor and Wyckoff--among the fathers of technical trading--are just as relevant as ever.

Have a nice weekend, guys (You too, princessa, if you're there).
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thanks, s....:)
 
Quote from Spectre2007:

not really... the only people left are multiyear players..

the historical stats and macro effects of FED easing.. its tough to go against the probability..

since 2000 most have been extremely hardened, and the price structure has built up fortitude..

we are basically building a base for a long term structure timed to the statistical upleg projected out from FED easing.
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admittedly, i'm not as big on the economic front as you are, but...

in talking to my average joe nontrader friends, i'm finding they are still fully invested in 401k's. i doubt they will change that, they just trust their money managers, fund managers, etc., most of whom are not 1/10th the trading genius of anyone on this thread, including me....
 
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