ES Journal Archive (2006 - 2008)

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This is the last trading day of the quarter.
I watch advancers minus decliners on NYSE.
This number is huge today. (Hugely positive).

These markets could be seeing the beneficial effects of window dressing.
 
Spectre, I find that bog standard stuff that doesn't work on ES works wonders on DAX. I believe it's a matter of perspective, skill, a bit of an edge, experience, etc. What I like about histogram is that it functions as a gauge for picking tops/bottoms, as long as you know what the potential risk reward is on average.
 
yes,


all the things that are holding the market up are decaying. Fed kept us up for a bit, july 4th, iphone keeping us up a little.

but market will enter dangerous time period next week and after, rangel hearings will start on wealth taxation.

“I look forward to conducting a thorough examination of these issues with my colleagues after Congress returns from the Fourth of July District Work Period.”

http://waysandmeans.house.gov/MoreInfo.asp?section=16

http://sg.biz.yahoo.com/070621/3/49dpe.html
Additionally, Virginia Democratic Sen. Jim Webb has asked federal regulators to look into "national security implications" that he said are posed by Chinese government involvement with Blackstone.

Blackstone agreed in May to sell a $3 billion stake to China's state investment company ahead of its IPO.





this type of language is what causes markets to crash. I wont be going long after this weekend. And will wait for a 50 point drops in spooz.
 
Quote from JSSPMK:

Spectre, I find that bog standard stuff that doesn't work on ES works wonders on DAX. I believe it's a matter of perspective, skill, a bit of an edge, experience, etc. What I like about histogram is that it functions as a gauge for picking tops/bottoms, as long as you know what the potential risk reward is on average.
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This is a typical example took place just now, both markets feature a rising histogram on 2 min chart, an entry on ES provided just 1 point so far + kneejerk, on DAX same entry provided 20 points and no shake out (roughly 13 ES points $ value).

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1516327>
 

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Quote from jagmot:

Didn't realize you can only edit upto 30 min after, out at 1526.75. +7 points

Will be looking to go long again at some point today.

EDIT 1 (10:16 EST) New buy order placed at 1524.25 if I can get it
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Got the order, not sure what but market is making me a bit nervous so I'm out at 1525.25 for +1. We will see if I regret it in a bit.
 
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