ES Journal Archive (2006 - 2008)

[Spectre2007]

its not till 20.00 is taken out with 15 minutes left into the close. so as we approach quarter to cash close.

with 20 taken out around 3:45 est usa time.. then the bids dissappear.. and 16 is the next level.. with sell stops being hit... the massive liquidity players can use the sell stops at 16 to cover their short positions.

so if the market is at 24 around 3:45 or higher then 28 easily becomes target. so for the mm's they have to keep it around 22.50 around 3:45.. if that is the plan.

index future MM's need to look for liquidity points to cover their points to minimize price slippage. easiest thing to do is use retail stops being hit. 16 and 29 are the liquidity points.

 

[osorico]

Last trade o da day...

1/2 position
L YM @20, stop @05 for the moment.

EDIT: "They" are reading this thread. Stop @13

EDIT: stop @b/e NET... maybe too soon but I don't really like this action.

EDIT: Out @22, better than b/e NET. whoo hoo. Done fo da day.

 

[apex82]

Have him swing by and pick me up on the way out there....

I guess i was the lone ranger getting more long on the dip...

I never short into support.

 

[Spectre2007]

only longs should be taken with a retrace.

 

[BoyBrutus]

Quote from apex82:

Have him swing by and pick me up on the way out there....

I guess i was the lone ranger getting more long on the dip...

I never short into support.

Come on Apex, your not one to be shy, show us the average price and PnL

 

[bsparkyman]

Short one at 644 on the ym, see if they can take it down into the close, should of got it the first time,

 

[jagmot]

Quote from apex82:

Have him swing by and pick me up on the way out there....

I guess i was the lone ranger getting more long on the dip...

I never short into support.

I've been trading with ya Jury duty so haven't been able to post in real time most of the day. (see previous few posts) Got long in at 1522.25 out at 1524.75.

Flat into close but still bullish over earnings season, looking to buy on weakness.

EDIT: original TP was 1527.00 but didn't like the price action.

 

[steve46]

With a half hour to go, we have a test of the pivot here at 26.5

If price is going to move through it will be on a wide range bar.

Easy play to make...Long at 27 Stop at 25.5

I say "easy" because the market has to move decisively to get through. Any hesitation and I can get the hell out.

Edit;

Looking for a test of 1530

I am out here at 29.50

Going to get some late lunch

Good luck guys

 

[BoyBrutus]

Quote from steve46:

With a half hour to go, we have a test of the pivot here at 26.5

Steve where did you get the 1526.5 pivot from?

 

[bsparkyman]

stopped out at 51, heading to 666, like a magnet

Quote from bsparkyman:

Short one at 644 on the ym, see if they can take it down into the close, should of got it the first time,