ES Journal Archive (2006 - 2008)

[JSSPMK]

Quote from Spectre2007:

nah... all my charts are pointing down, every chart I post is indicating it will go down, why would I be long...I learned a long time ago, weekly highs and lows are inefficient zones, probability dictates, if a movement hasn't occured and tested lower levels, initiating a positon with the high or low will go against you severly.

I must admit I thought you were long.

 

[satchel]

Quote from Spectre2007:

over the years you realize going against the predominant/sentiment trend is not worth it. Low probability trades aren't worth it.

This is true. But, I am looking a few things here, including the Nikkei Z7, and looking at my system - in AH it is showing that if 27 (actually closer to 26) didn't hold then it's critical mass short time.

I don't think we are at critical mass (wait til October!)

 

[Spectre2007]

MA's....indicating breakdown

 

[Spectre2007]

Quote from JSSPMK:

I must admit I thought you were long.

I'm just fukin with the market...

 

[volente_00]

Quote from saxon22:

Since when ES has lost 5 points by 7:30? That kind of movement is usually reserved for deep night not the evening. By the time 2 AM hits, we will be down another 5 points.

last thursday evening

 

[satchel]

Quote from Spectre2007:

nah... all my charts are pointing down, every chart I post is indicating it will go down, why would I be long...I learned a long time ago, weekly highs and lows are inefficient zones, probability dictates, if a movement hasn't occured and tested lower levels, initiating a positon with the high or low will go against you severly.

You were posting charts showing down, but talking up. I was confused. Is this normal here. But then no wackier than the old YM Traders thread.

 

[Spectre2007]

the 30 year bond, if it holds above 4.8% it should bode well, if it breaks 4.8% to head lower...then ES should come under some selling pressure secondary to recession fears. Right now its at 4.87%

 

[Spectre2007]

Quote from satchel:

You were posting charts showing down, but talking up. I was confused. Is this normal here. But then no wackier than the old YM Traders thread.

the market makers like to fuck with posted stops, while they may think they are running my stops, they are running up my profits.

 

[JSSPMK]

Quote from Spectre2007:

the market makers like to fuck with posted stops, while they may think they are running my stops, they are running up my profits.

You what?

 

[Spectre2007]

another 10 basis, is overhead resistance on the 10 year. Notice how all the bond market trends are sellside in orientation(yields bound to head higher).