ES Journal Archive (2006 - 2008)

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if you notice there is positioning going on in notes and bonds overnight..

one way to profit from this, is if you suspect upcoming sellside orderflow in equities.
 
Quote from Spectre2007:

to shift attention away from domestic issues, I think War with Iran will breakout next year.
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If it happens the market will go sky high.

I cant wait.................
 
Quote from saliva:

Today's sloppy downward move initiated by the institutional bullies merely came on the heels of the option's expiration tomorrow. It was a sloppy one nonetheless. However, since there's no economic news to be reported tomorrow, I'm pretty damn sure they'll flex their muscle to push this market right back up, possibly to the all-time high before Cramer lost his cool, with another likely caveat: thin volume. If that were the case, you might as well wave the aging old bitch, namely Cramer and his cheerleading misfits, goodbye and bring out that dusty bear costume.
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Very prescient. Bravo.
 
Quote from wareco:

Very prescient. Bravo.
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Ya, good analysis - i have to admit i let my emotions and psychology control my rational expectations yesterday.

Bears were certainly running out of steam.

Anyway i though i would share a small part of my analysis including market profile as i don't see many individuals using this.

The charts are self- explanatory:
 

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Mins,
Thanks for the marketprofile chart. I don't use it, but I am curious as to methods of interpretation. Please take the time to post a MP again when there is a particularly obvious pattern.
 
Quote from vertigo3:

Mins,
Thanks for the marketprofile chart. I don't use it, but I am curious as to methods of interpretation. Please take the time to post a MP again when there is a particularly obvious pattern.
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No problem mate, market profile helps with my analysis because it shows time, price and volume. As you can see from yesterdays analysis that alot of people who went short went home very happy last night as price closed on the days lows. These shorts probably felt they has some breathing room as even if price rallied they can get out without losing too much.

However, market profile shows that price was not just going lower but certain players were buying near the lows.

Market profile is not 100% like any other trading method but my analysis at the end of day made me rationalize what was going on.

The odds of holding shorts were becoming more and more risky, not saying that price could not go lower as it clearly could - just the risk of being short had increased.

I guess it allows you to analysis the market as an auction process and too me thats all the market is.
 
no surprise on an expiry gap.....a close on the lo was a sign to hold shorts but when working a larger than usaual zone...15/20 handle zone ,one can digest a move as this rather easily......i`ve been rolling my range,as i call it & will continue to do so without having to be exactly right with a 6 tic hard stop.

nice job staying with that one B1......where would you place a hard stop on this trade that you would consider out of the noise?
 
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