ES Journal Archive (2006 - 2008)

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Quote from tommymoose:

:p I'm just curious, because I don't even bother trying to trade these numbers. For one, bots and big money that have better feeds will beat me to buying/selling the news and for two, I would have no idea when the market would want to stop going up... selling into it a green spike wouldn't even cross my mind... Spooz Top has some balls.

I could sell every tick up if I wanted and post the ones from the top, so I'm just curious how he decided when to sell and at which price it was.
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Im a noob and i sold into the spike. For me a major resistence was at 1548 - 49 so i sold at 49.
It was also 2 standard deviations away from the mean so i felt it was just emotions driving the rise and good fading opportunity. Keep in mind this was a scalp trade.

I traded the PPI number yesterday but did much better. Today is just don't seem to wanna come down.
 
Quote from Spooz Top:

you really should`nt be doubting people that are willing to share anything.....not cool TM.
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"I'm not saying he did this, I'm just curious when he started selling"

Not doubting at all, I've seen you make good calls before... It was just a simple question phrased simply in my first post.... maybe I shoulda praised you first before asking. Foreal, nice trade though.
 
I wouldn't be shorting intraday.. only end of the day. Unless you see key levels breaking.

Basically the bid on the market is 1500 offered at 1550, the FOMC trade timeline is ahead of schedule, the institutions will sell it off in the coming weeks before FOMC to create a discount for FOMC. Probably atleast half the gains to around 1520-25. The FOMC brings us back to 1550, then we chop around up here till 4th of july.
 
Quote from apex82:

If they cant take it down.. theyll take it up. Most likely going to have to wait for tomorrow for the trade

If we break to new highs I wont be shorting until 1550-1554... next major resistance
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Well they left me in the dust by a tick.... frustrating.. but part of the game. Buy trade is now cancelled.

Only trade for the day.....

short 1553.50

stop 1556.25

Target 1 1538.50

Target 2 1533

risk 2.75pts or get it on reversal bar after hitting zone.

1st profit potential 15pts

I would "like" to see the market pull down to 1546 and then move into the zone. If this does not happen and we just open and start heading straight for the zone it may be wise to wait for the reversal entry due to other factors taking the market up to 1555-1556 before reversing. This trade is very countertrend..
 
Alright guys... I am taking off in a hour or so. Heading to my house in the Bahamas to get some much needed vacay time, spend some time with the gf and friends and catch some rays...

I am going to try to take the next few weeks off... but I will be in the thread at times. But not everymorning like usual.
 
Quote from apex82:

Alright guys... I am taking off in a hour or so. Heading to my house in the Bahamas to get some much needed vacay time, spend some time with the gf and friends and catch some rays...

I am going to try to take the next few weeks off... but I will be in the thread at times. But not everymorning like usual.
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