ES Journal Archive (2006 - 2008)

[trader_arb]

Quote from blaster1:

Long 91.25.

Edit: out 92.25 +1.

You should change your username to "blaster1tick" :eek:

 

[MandelbrotSet]

Quote from volente_00:

whatyaknowboutdatregaloaladiez

...

 

[blaster1]

Quote from trader_arb:

You should change your username to "blaster1tick" :eek:

Quote from blaster1:
Out ES 95.25 +6.5
Out YM 12853 +42

Too bad you're too lazy to scroll a couple of pages back. Otherwise you would know that I don't trade for "ticks".

 

[vertigo3]

blaster1,
please,
DO NOT STOP posting.

I see your numbers.

It seems like everyone wants to criticize those who trade with methodologies that are dissimilar from their own. I believe that's called egocentricity.

don't listen to them, they're green with envy.

 

[bighog]

someone needs to review what a BEAR flag looks like. Please understand the details of what a pattern is representing then you can better understand what is on the chart. That is NO WHERE close to being a BEAR flag. Shame on you.

 

[bighog]

A simple google of BEAR FLAG. for a review. http://www.trending123.com/patterns/bear_flag.html

 

[volente_00]

Quote from vertigo3:

did that es just print 1397.00 from a low of 1387.00?

how does this happen?

pure coincidence

 

[riskymove]

Quote from bighog:

someone needs to review what a BEAR flag looks like. Please understand the details of what a pattern is representing then you can better understand what is on the chart. That is NO WHERE close to being a BEAR flag. Shame on you.

Not sure who has made a mention on bear flags, however I feel very confident in what I see and over the past several weeks I have seen multiple bear flags which have failed to work. The market has a huge upside bias right now which may end after the fed announcement or the end of the month. I have lately seen bear flags in small time frames such at 2 to 5 min charts and larger ones such as one earlier today in the 30 min and 60 min. However, they fail over and over. Just how it is right now.

The main bear flag I see on a very large time frame, although one could argue it is an ascending wedge (which I believe JSS has pointed out) is on the weekly chart. Perhaps a little more upside to go, and maybe even a nice false breakout to the upside to serve as a bulltrap, but it's what I see and how I am playing it.

One caveat, if the Fed stands pat and holds rates and our dollar rallies, while I think we will initially sell off, I think it could trump the chart and we could hold a little more upside.

But there have been multiple bear flags on multiple time frames over the last few days, and hardly any have worked. Doesn't mean they will not at some point, but they ain't now.

Good trading all!

Oh yeah - CNBC MOST IMPORTANT ECONOMIC DAY EVER TOMORROW - translation "we can't wait to tell you to buy buy buy" = ought to be fun either way. Watch out for a strong close for month end though, best month in a while, hedgies need it.

 

[JSSPMK]

Quote from bighog:

A simple google of BEAR FLAG. for a review. http://www.trending123.com/patterns/bear_flag.html

OK mate, I appologise, it's a bearish wedge, even better ImO. What now?

 

[ammo]

Quote from Buy1Sell2:

Certainly no profit target. I do though have a loss target.

missed the whole day,worked on another job,hence late reply, I think your mindset is similar to premium selling, you pick the overall gyst of the market and ride it slowly with stops if it decides to reverse. It's a great way to trade but i would leave overall position on and then scalp intraday,you could have been short oex,spy,spx puts ,or xle puts,with stops or option spreads instead of naked options and then scalp or swingtrade intraday,although lately the scalps have been very tough