ES Journal Archive (2006 - 2008)

[tommymoose]

I pulled my order at 1525.25... was looking for it to get hit soon after I posted to get a few points higher by open. If it got hit now I'd probably get stopped out in the first 5 minutes of trading just on volatility if not sooner.

 

[mbusch]

Quote from apex82:

Going long the 30 yr notes on a breakout of 108 15/32 stop will be placed 1 tick below the low. Targets are a long long ways up.

Please let us know when you see confirmation on this. (Packing to leave.)

 

[wave]

"He knew the difference between being right and doing right, and he avoided emotionalism. Remember, you don't get any money just because you know why the market is going up or down. You only get money if your plan has positioned you to capitalize on the market's movement, regardless of whether or not you know why the market is up or down on a particular day."

Are you trying to be right, or make money?

 

[Pekelo]

Quote from apex82:

Trending day is a high probability today...

Yeah, but which way?

I mean there is a huge downgap for the open, it could trend back and fill....

 

[dmartin]

Wave:

Who are you talking to?

Dmartin

 

[osorico]

Quote from wave:

"He knew the difference between being right and doing right, and he avoided emotionalism. Remember, you don't get any money just because you know why the market is going up or down. You only get money if your plan has positioned you to capitalize on the market's movement, regardless of whether or not you know why the market is up or down on a particular day."

Are you trying to be right, or make money?

I don't know who you're posting to but... Great Post!!

Osorico

 

[smilingsynic]

For those who remember back in late February when the "carry trade"--sell Yen, buy higher yielding currency--collapsed, thus helping drag down the stock market as overleveraged hedge funds panicked, check out the Yen's move back.

http://www.dailyfx.com/charts/Chart.html

My position: Long yen; VERY careful about buying any stocks.

Good luck to all.

EDIT: For those who want to see the chart, go to INSTRUMENTS and scroll down do USD/JPY.

 

[osorico]

Quote from osorico:

Wed, 6/6/07 Intraday price levels
based on 10 previous RTH sessions.

* = significant

[b]
ES          YM      ER      NQ[/b]
1537.50*    13671   854.5   1935.75         
1534.25     13665*  853.8*  1932.25        
1531.00*    13658   847.0*  1930.25         
1523.50*    13612   841.9   1928.00*        
1522.75	    13590*  840.0*  1926.50         
1518.25     13557   835.6   1921.00         
1517.25	    13535*  833.3   1917.50         
1516.25     13526   830.6   1907.00*        
            13520   828.3   1903.50*
                     	    1894.50 
                            1891.50*
                            1889.50

Just a downside extension to YM, since we have already tested the lowest levels on the list...

13505
13500 - Psyco level only. Nothing else.
13447* - Note the big air. Nothing of substance between there and here.

Good trades to all
Osorico

 

[Spooz Top]

Es 30 min looking like a pretty good island reversal.......another wonderful gap n grind day it appears.

 

[Sponger]

Quote from apex82:

Going long the 30 yr notes on a breakout of 108 15/32 stop will be placed 1 tick below the low. Targets are a long long ways up.

Apex, is this that bond trade you were talking about a week or so ago with the huge risk/reward ratio? Your ability to call price action is uncanny and downright scary at times:eek: