ES Journal Archive (2006 - 2008)

[atticus]

Quote from smilingsynic:

ANOTHER Wyckoff spring. Did you guys catch that? The powers that be wanted to accumulate for the afternoon rally to the upper 70's. So it was driven down until the stops were blown at 1470.

The tip off was the big volume burst on the 1-minute chart. It is as if all of those who bought from 71-75.75 just threw in the towel--get me out NOW at the market.

If it drops a few points below 1470, however...

I was tempted to buy 68s again, but my DNT is wearing heavy. No interest in holding into the final hour before nonfarms.

 

[Spectre2007]

buy stops

1472
1474
1476
1478
1480

 

[Sponger]

Quote from Spectre2007:

buy stops

1472
1474
1476
1478
1480

Meaning standing buy stop orders at those levels as price ascends, correct?

 

[kinggyppo]

200,000 share print on SPY, is that bluestreek?

 

[Spectre2007]

ya.

 

[Spectre2007]

Quote from Spectre2007:

buy stops

1472
1474
1476
1478
1480

sells

1473
1475
1477
1479
1481

buystop 1484 sell 1492

basically frontrunning price vector...as price travels through your minefield... it has no choice but to register a profit.

 

[kinggyppo]

Quote from kinggyppo:

200,000 share print on SPY, is that bluestreek?

that was $.10 below bid by the way. (bullish)?

 

[kinggyppo]

yep!!

 

[Spectre2007]

cool day ............ =)

edit: very bullish setup...for the future..

1) channel breakout
2) reaction low printed
3) MA's crossing

 

[wave]

Nice Spec, placing sell stops and buy stops is where 50%+ of money can be made. Great work.