ES Journal Archive (2006 - 2008)

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nothing special my sell limits were triggered, and ended up covering and reversing long at 5125 and unloaded everything above 57, was able to capture most of the move down and up.

the move was just amazing in speed. The difference in this move, was that it seemed it was mostly algos going crazy trying to respond.

edit: the price action looked a receiver fumbling with a reception, and eventually gaining control.
 
remember bernies testimony continues today, the range should be 1550-1559.

I'm sure he has some inflation fighting words.

around 2pm FOMC minutes are released. Prepare for a quick range spike down and up, and after that its up to the bigboys to decide which stops to take out.

equilibrium will be around 1555 for the morning session.
 
Quote from Spectre2007:

short 1559.00 SL 1563 TP 1552
More...

guess you did`nt sell enough premium on that one ....proper prem would be 64/65 or the top of the ping pong spectrum at the very least .
 
The itsy bitsy spider climbed up the water spout, then down came the rain and washed all the longs out, out came the sun and dried up all the shorts and the itsy bitsy spider climbed up the spout again.
 
Tuesday in aftermarket I stopped myself out for a gain and I have not reentered yet. This is a good example of what I am talking about when I say that stops need to be placed outside of the noise to be effective. 1555 was a relatively minor point on the chart and the stop would have been much better when matched up with the longer daily chart etc. ie --always pay attention to longer term charts for stop areas etc. and stay with the trend. :)
 
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