ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

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.
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agreed on that last sentence...i`ll be positioning myself short for the rest of the day...for a carry into next week......no daytrading today most likely.
i beleieve to capture the down wave,you`re going to just have to be short when they start their selling because they`ll never let you in with a conservative entry or even at all unless you chase the price.

Edit: less the crash.....i beleieve the PPT is too strong to allow massive selling although this market is due for big cleansing.
 
JSSPMK,
Thanks for posting the charts.
The histograms may be similar, but one item is not: the location of the MACD lines relative to the -0- line.
 
thanx jss, once your method is in, hard to change.

spooz top,

the easiest way to get the politicians off your back is to cream the markets and have the constituents call in.
 
Quote from vertigo3:

JSSPMK,
Thanks for posting the charts.
The histograms may be similar, but one item is not: the location of the MACD lines relative to the -0- line.
More...

OK, you got me :)

But if you look at today's build up to the move, DAX provided book perfect set-up and not just that, look at the range in relation to ES. I would have held a long, if not for US data release, ended up fading the train LOL.
 
Quote from JSSPMK:

OK, you got me :)

But if you look at today's build up to the move, DAX provided book perfect set-up and not just that, look at the range in relation to ES. I would have held a long, if not for US data release, ended up fading the train LOL.
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How do you manage your risk and position your stops in the Dax? I do enjoy trading Dax for very short period but also find it difficult to pick stops. Especially during very volatile moments the Dax can shoot all the over the place.

Also, i have stopped trading the Dax for a while now because i always find the volatility a little hard to handle. I was profitable in the Dax but still the risk for me is too much as of yet.

I still follow it everyday and may start trading it once again if i can sort out a few strategies.
 
Edit: less the crash.....i beleieve the PPT is too strong to allow massive selling although this market is due for big cleansing



like all paper pushers, they have to justify their existence, and come to the rescue.
 
Quote from Mins:

How do you manage your risk and position your stops in the Dax? I do enjoy trading Dax for very short period but also find it difficult to pick stops. Especially during very volatile moments the Dax can shoot all the over the place.

Also, i have stopped trading the Dax for a while now because i always find the volatility a little hard to handle. I was profitable in the Dax but still the risk for me is too much as of yet.

I still follow it everyday and may start trading it once again if i can sort out a few strategies.
More...

You have to be very precise with the entries, I do it just with the use of histogram and certain amount of discretion as well. You have to look out for build ups and correlated set-ups between DAX and ES during US RTH. I also pay attention to where price is in comparison to the daily pivot.

I guess keeping losses small and let winners run a bit is the only way to trade a volatile future contract. I must add that I couldn't hack it when I used to trade all in/all out, scaling out is THE way for scalping DAX IMHO.
 
Quote from jagmot:

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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Glad I got out!
 
Look at it now, 2 min chart Histogram passes through centerline, followed by a break of trendline and boom! almost 40 point in a space of under 20 minutes, no kneejerk.
 
Quote from Spooz Top:

agreed on that last sentence...i`ll be positioning myself short for the rest of the day...for a carry into next week......no daytrading today most likely.
i beleieve to capture the down wave,you`re going to just have to be short when they start their selling because they`ll never let you in with a conservative entry or even at all unless you chase the price.

Edit: less the crash.....i beleieve the PPT is too strong to allow massive selling although this market is due for big cleansing.
More...

I still have a bullish bias on the market. The cash S&P has now held the 1490 level 4 times.
 
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