ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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=)
if you can listen to the markets, it will pay off.
/b spy oct 154 puts @3.8 for overnight
I'm flat, looking for a low-risk short entry. The two most logical places I'm looking to enter are:
1. 1528.50, which was strong support yesterday and then turned to strong resistance once penetrated.
2. 1531.25, which was yesterday's close (for a close-the-gap rally before the big fall).
If and when we get to 1528.50, I will wait for a reversal bar on the 15-minute chart before committing to go short, just to see whether 1528.50 holds or whether the gap will close.
1. 1528.50, which was strong support yesterday and then turned to strong resistance once penetrated.
2. 1531.25, which was yesterday's close (for a close-the-gap rally before the big fall).
If and when we get to 1528.50, I will wait for a reversal bar on the 15-minute chart before committing to go short, just to see whether 1528.50 holds or whether the gap will close.
in summary for today, the gist, is... the FOMC will reinflate out, the economic reports are coming according to weak expectations.
so in essence as long as the reports don't come in severly weak, the equity markets are supported from the FED expected future cuts.
...don't fight the FED. (unless its the weekly ATR high) =)
I'm done for today, sorry if my posts have irritated people here, for the past week since FOMC, I haven't had a looser in multiple markets.
So, its more out of humor and giddiness. When I see signs of this I cut myself back. And don't be quick to throw personal insults at people. If your find your throwing personal insults, it means your focus has been taken away from the markets, which is a bad thing. Your not here to socialize, your here to make money.
so in essence as long as the reports don't come in severly weak, the equity markets are supported from the FED expected future cuts.
...don't fight the FED. (unless its the weekly ATR high) =)
I'm done for today, sorry if my posts have irritated people here, for the past week since FOMC, I haven't had a looser in multiple markets.
So, its more out of humor and giddiness. When I see signs of this I cut myself back. And don't be quick to throw personal insults at people. If your find your throwing personal insults, it means your focus has been taken away from the markets, which is a bad thing. Your not here to socialize, your here to make money.
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