ES Journal Archive (2006 - 2008)

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Quote from apex82:

I also have a large position long in nat gas. I know this is the ES journal but there are also other good makets to trade at times.

Completed a 5 wave move with a climatic wedge bottom that I have shown many times before. Overlapped with daily structure and massive support zone. Going into hurricane season... seems like a nice play. Needs to bust out out of that downtrend line and then retest the support after ..... completing an inverse H&S which should wipe out the shorts that have been cleaning up the past few years. This is a position trade so my entries and stops have been executed on 15minute timeframe and held for daily profit targets.

My charts look similar to mbusch because he pm'd me and I taught him a few things. He also analyzed my charts a lot.... I havent seen his charts but I am guessing that is the reason they are similar.
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natty gas looked ripe for a spike up., I figured as much, that he wanted to see what you were seeing.
 
the dam broke....down down down...baby.. sub 90's.. woo woo., when was the last time you;ve seen europeans lining up at a bank to get their money out?
 
Nothern Rock's CEO has called it a "global liquidity crisis", Russia went into recession in late 90s when there was similar liquidity problems, but in most banks, not just 1. What we have to watch out for are signs for mass hysteria, if just 1 more bank comes out with similar indications, then ImO people will start losing faith in banking system and will attempt to pull cash out of their accounts, but we all know that most banks simply will not be able to meet mass cash demands, even if they start doing so it's bound to start effecting global stock markets as investments will start being liquidated. ImO.
 
Quote from JSSPMK:

Nothern Rock's CEO has called it a "global liquidity crisis", Russia went into recession in late 90s when there was similar liquidity problems, but in most banks, not just 1. What we have to watch out for are signs for mass hysteria, if just 1 more bank comes out with similar indications, then ImO people will start losing faith in banking system and will attempt to pull cash out of their accounts, but we all know that most banks simply will not be able to meet mass cash demands, even if they start doing so it's bound to start effecting global stock markets as investments will start being liquidated. ImO.
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bond bonds bonds....=) actually undervalued right now, should be at 113 8/32...usz07..anyways.
 
Quote from Spectre2007:

the dam broke....down down down...baby.. sub 90's.. woo woo., when was the last time you;ve seen europeans lining up at a bank to get their money out?
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here...see I'm stroking my ego. sold 94's bought 89's.
 
the logic just gets screwier and screwier, since the UK banking crisis, FED might move 50 basis, means volatility will go up in ES/YM, before the announcement they should be near 1498/13555

so ES/YM at discount, which will be arbed as US open nears. If Northern Rock, wasn't in the news, good chance FED would move only 25 basis, but bad news is good news for a 50 basis cut.
 
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