ES Journal Archive (2006 - 2008)

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fomc chart... the negative deflection was ahead of time secondary to ECB/Bernie.

So the stops are cleared, and now the risk is on the short side till FOMC and it will grind up.

then it needs to confirm the high whether it breaks it or accepts it at 1550 round/magic number or close to previous intraday high.
 

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Quote from siki13:

Its interesting that nobody here was short today.
Everybody is long and looking where to
buy.

It does look that way doesn't it? Takes more than a day or 2 to break the mentality. Meanwhile, some of us have been taking shortside only, leaving countermoves to the gurus, and not posting. :D

Closing in on a personal best
Osorico :)
 
if you've been watching the media newswires, the institutions are creating a setup for a FOMC rally event. They are raising expectations for a possible rate increase and when a rate increase doesnt materialize, they rally it.
 
Quote from apex82:

buy stop at 1511.50 stop 2 ticks below the low massive size on this position :)

first target 1515 second target 1517 and then trail stop

Now long... stop at 1508 nw or never... they want to run those stops...

profit 2 hit and filled now stop at breakeven
 
YM is pretty fascinating...

Yesterdays close was 13461. Right now, new contract is trading at 13462. They have successfully washed away the premium for the rollovers. Volume and price action suggests flattening or reversing rather than rolls howver.

Just an observation.
Osorico
 
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