ES Journal Archive (2006 - 2008)

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If it's Iran related then why did it happen as soon as CME re-opened? No way this is a coincidence IMO.

Some bastards sell markets and fabricate these events to warrant profits.
 
Quote from romik:

Apex, I was exchanging texts with Tikutka & we noticed how it hit your level, how u do it I don't know, WOW!
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haha it dont matter if terrorist threat or whatever it turns at the level to the tee in afterhours.... amazing.. those bastards better give me an entry.....

I had my orders in at 804.50 for er2 and have taken some profits because I didnt know what was going on.

I am just glad I was long nat gas... to bad i didnt have any crude. That thing exploded! That has got to be the record for the biggest 1 minute move
 
But then again volume was ~25k during the sell-off, it's BS amount if there was anything extremely serious, I mean it's sad if rumours are true that some people died, but that wouldn't trigger a major sell-off, I am sure it's all a major fix.
 
Quote from romik:

But then again volume was ~25k during the sell-off, it's BS amount if there was anything extremely serious, I mean it's sad if rumours are true that some people died, but that wouldn't trigger a major sell-off, I am sure it's all a major fix.
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Of course it is.... Do you think I am going to get a chance to get long at 1431 now.... greedy bastards..
 
Quote from apex82:

Of course it is.... Do you think I am going to get a chance to get long at 1431 now.... greedy bastards..
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Tell me about it!

If this had happened during regular market hours, I'd be up by 2, instead of down by 5.

Dem's da breakz!
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You're going to get bogus price action probably 1-3 times a month, so you just have to factor it into your plans.

Good trading,

JJ
 

Attachments

What happened in the S&P futures yesterday was most likely a reaction to oil price, oil spiked probably on the rumours, at least it looks that way. Now the smoke's cleared it turns out to be fishermen's ship seized in Iranian waters, in fact it is most likely fishermen-spies for the British MI5, they have been contracting fishermen since donkey's years to obtain information. But since these actions from Iran could still be seen as a potential conflict then oil may still rise, according to most that have an opinion on this in the press. I personally do not know what to say about this situation with oil, one thing comes to mind that if it continues to rise, then my outlook on the ES's hourly chart might become more valid - bearishness confirmed by this freaky action yesterday, also I wasn't too keen on the 240 chart. My position that I decided to carry into today...well, I didn't sell out, although theoretically I should have, but I thought about it for a while, my 1408 Long can offset the 1438.25 one, even if ES drops quite a bit lower. Question is how low I would be willing to allow it to get, before I close both of them & accept failure? Yesterday I was 'saved' by Apex's expectations of 1431 to come in as major support, it did & I am pretty happy about that it did. It depends on rest of the world now, if I see it tanking across the board I will be selling out of both positions not to allow profit in 1st position to become a loss by offsetting the 2nd position. I am not too keen on ES being still down after hours.

I have decided to hedge by shorting the DAX this morning.
 
Quote from romik:

President of ECB seems to have a calmer affect on the markets
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Hi romik, just out of curiousity...where did you get that attached image from...is it from a free website?
 
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