ES Journal Archive (2006 - 2008)

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easy to spot the AI's working. risk/reward parameters warrant that sell programs start hitting the market..

noone wants to play hero. if you look at the actual tape read on the stocks, the stocks are marginally down. The sentiment from futures is greater then whats being seen on the tape.
 
Quote from Spectre2007:

noone wants to play hero. if you look at the actual tape read on the stocks, the stocks are marginally down. The sentiment from futures is greater then whats being seen on the tape.
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i would guess that it's the leverage which makes the futs move to a greater degree than their respective csh indexes.

JJ
 
no i monitor the actual tape of equities multiple stocks, the stocks looked susceptible in comparison to the paper. So the implied sentiment from futures usually coincides pretty well.

for example google is only down 2.8, it should be down 20. So there's lot more carnage left.
 
Quote from Buy1Sell2:

It basically has to do with position sizing. My position is relatively small and so I am not getting hurt in any big way. We need a bit more of this down action I believe to take out the lows and then I will add on strength. If we don't get strength, then I'll get out at some point. I am looking at the low 1200's as decision time. My method looks bad on the face of it because I am not calling intraday trades etc., but it all has to do with my position size. If I was heavily using margin, I would need to be down on the 10 minute chart again and trading.

:)
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That's all well and good, but maintaining that position has cost you about 40 ES points from the 1407 buy. To me, whether its a small position or a large position, if I thought the odds were that I could considerably improve my position I would do that.

Again, as I saw it, the odds of a pull-back vs. a continuation of the bounce was such that it made sense to cover that long and wait and see.
 
I use to position size similarily.. in the pit, but you learn that its not prudent method. You never know when a pernicious psychology takes over for months.
 
Quote from Sponger:

We're right at the Apex 1375-1376.5 level
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:) I should have been looking at my dailies before getting in too early at 1378... what a rally as soon as hit it eh? Gotta love short covering rallies. left shoulders should hold this market up but I would be careful trading right now.. reduce size and trade with tight stops.

LS at 1378 and 1383
 
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