ES Journal Archive (2006 - 2008)

[Lawrence Chan]

Quote from wave:

Above 1275 is short area, we didn't trade back to 1275 by random coincidence. Hmm, what are the market makers planning next.

For position trade,

ImHO, the sell zone is very wide this time and can be dangerous for most to try to position themselves early.

e.g. the buy zone 38-50 is much easier to handle compare to the current sell zone 75-05

Of course, if someone send a bad news out at the most unexpected time.

 

[volente_00]

Quote from joeyata1:

because we never got the downside washout with any fear upside is very limited. maybe 1300-1320 max. just as the downside has been slow with a ton of grind the upside will be the same way. but hey we have the rule of 10,20,30,40 and 50 plus t theory. hell anyone catch that rule of 10 last nigght? no i mean rule of 20. it happened at .4:21 eastern. i have an alarm on my computer set for the rule of 20 so woke up at 4:21 and bougght at 1236 and woke up this am and was up 14 pts. lol that was so easy

I talked to a guy who said he has chatted with you at 4 am est multiple times. He said you two discuss ribeyes and slaughtered shorts.

 

[JSSPMK]

Quote from volente_00:

anyone brave enough to short r10

Where do you have r10 @?

I will be waiting for second passes to get DTs

 

[wave]

Quote from ammo:

wavw ,what's your definition of a market maker,somebody in the trading pit,the big houses,gs,jpm i.e.,?

the big houses,gs,jpm,etc

 

[volente_00]

Quote from JSSPMK:

Where do you have r10 @?

I will be waiting for second passes to get DTs

68 to 78-79

 

[JSSPMK]

What do the stats say about a day following yesterday's p/a considering there are no major news today, slow grind trend?

 

[Lawrence Chan]

Quote from JSSPMK:

What do the stats say about a day following yesterday's p/a considering there are no major news today, slow grind trend?

Pull back to the fastest moving averages, fill the gaps, etc. during RTH.

Problem is that the open can be a 10+ pts gap up and we have another hour before RTH open ...

 

[Buy1Sell2]

Quote from Buy1Sell2:

Bounce today? Certainly possible. Longer term, I am staying short.

I continue to stay short here.

 

[Pekelo]

Quote from Buy1Sell2:

I continue to stay short here.

I expect this rally to reach 1320 in the next couple of days, where we have an unfilled gap. Should reach the upper Bollinger too on the daily...

 

[JSSPMK]

Quote from Pekelo:

I expect this rally to reach 1320 in the next couple of days, where we have an unfilled gap. Should reach the upper Bollinger too on the daily...

What is your opinion on Buy1Sell2's trailed stop which is 1295 if I am not mistaken? TY!