ES Journal Archive (2006 - 2008)

riaamaan · Oct 6, 2008

Quote from osorico:

Nope.
NQ circuit breakers = 220.00, 440.00, 660.00

http://elitetrader.com/vb/showthread.php?s=&threadid=139122

Thx Oso. I think I was remembering 3rd Q numbers.

wave · Oct 6, 2008

Quote from kinggyppo:

How would you recommend scaling in here. Let's say you have 100 K to play with thanks wave. I have been thinking about this problem a lot lately.

I usually risk 1% to make 3%+.
Timing and statistics is key. Nothing but odds and probabilities. Trade with the momentum or against it. Both work if you know how.

Lawrence Chan · Oct 6, 2008

By end of this week, the volume of the overall market should tell us if fund liquadation has subsided.

Edit: Any good news should bring us back to 1080.

startraitor · Oct 6, 2008

Long 1055, 5 pt stop,

osorico · Oct 6, 2008

Quote from osorico:

YM 9880 hit. ... extension attributed to lagging ES 1035.

Don't be greedy on the downside right here. jmo

Be safe
Osorico

11:30 EST
ES @1054

Sell Rallys imo ... would like to see 1068

bigb · Oct 6, 2008

Quote from startraitor:

Long 1055, 5 pt stop,

wow, close one

kinggyppo · Oct 6, 2008

Quote from wave:

I usually risk 1% to make 3%+.
Timing and statistics is key. Nothing but odds and probabilities. Trade with the momentum or against it. Both work if you know how.

Thanks wave.

Lawrence Chan · Oct 6, 2008

Long term long position can be built from this level, as long as proper money management is used ...

W4rl0ck · Oct 6, 2008

I could easily see manana as ADU.

W4rl0ck · Oct 6, 2008

Qs triangle breakdown target from 09-04-08 met.

9/5 open 43.30.

+8.30.

Quote from W4rl0ck:

Good to know.

BTW for swing traders looks like the Qs just broke down out of a weekly triangle. Correct me if this is wrong but looks like it projects to 35 or 8/06 lows. Ouch. The direction is down...