ES Journal Archive (2006 - 2008)

[Spectre2007]

Quote from tomahawk:

Just curious - any stops? What I'm wondering is what do you do if price spikes to 72.50 then down 10 or more immediately? .. you're +8 on the 1st 2 lots, but down 7 or 8+ on the third.

stops are under ladder, OCO's 1455's.

look at how the tic action was on discount rate cut announcement.

 

[Spectre2007]

markets going to be running into the major downward trendy, it should bring in some technical buying or the trendline will be ridden down on each 60 minute bar.

 

[tomahawk]

Quote from Spectre2007:

stops are under ladder, OCO's 1455's.

look at how the tic action was on discount rate cut announcement.

'k thanks.

 

[Spectre2007]

macro markets intune with each other.

 

[princessa]

seems like everyone here is pretty skeptical of rally....

 

[Spectre2007]

Quote from princessa:

seems like everyone here is pretty skeptical of rally....

I've been buying anything under 1450 and selling it a few points above 1450...for past few sessions.

but only initiating trades on long end.

and its been working pretty well.

 

[Spectre2007]

Quote from Spectre2007:

be wary of false price action raiding higher stops, to make market think someone knows something.

see how volatility is increasing.

 

[mbusch]

S 1457.50
BS 1459.25
PT1 ~10 points
PT2 ~20 points

 

[Spectre2007]

Quote from mbusch:

S 1457.50
BS 1459.25
PT1 ~10 points
PT2 ~20 points

MM's could blow the price out and force everyone whos short under 1460 to cover.

1460 could become the new equilibrium point instead of 1450.

 

[vertigo3]

mbusch,
was your trade based on simply a retest of yesterday's H and the overnight H?