ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

many thanks, JJ
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V, ImO DOM for retail trader is not necessary at all, of course you can use it, but you will get tired of watching digits and you do need a fast response brain :)
 
Quote from Mins:

Prices getting dragged down and the rally from yesterday evening retraced nicely.

Time to go long and scale out as things go my way.

Out 2 at 67.75 - leaving the other 3 with tight stop.

Out 1 more at 68 - don't feel great about this trade, maybe another test of the bottom here
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Out last unit at 75. Nice trade to finish the day - new high of the day as expected.
 
boy does that 081 buy on YM look good now........LMAO

YM just made a 100 tick move exactly............76/76 tick to tick & never looked back.......not even mid/lower kelts......sick.....or should i say sickening!

es rule of 10............power is up & will remain up ,imo.
 
Quote from mbusch:

Very very nice, Mins! I'm jealous!
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Thank you very much mbusch - been having a little bit of luck on my side recently. Well you know what that means - time for a big loss day lol
 
Quote from atticus:

Momentum on carry trades failing a bit. Time to short. Bought the SPX Oct 26th 1608 no touch at 658/1000, scaled. SPX printing 1564.02.
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My SPX expiration strategy for Oct:

Bought the Oct 19, 1530/1595 DNT for 55/100. Bought NDX Oct 2025/2100/2175 flies at 13.80 as a tacit hedge. The neutral 75-wide Oct fly is marked at 36.00. NDX gains to neutrality of $2,200 per contract at static vol/time. NDX gains should overcome a touch of the SPX lower barrier. Long a few NDX/SPX futures switches as well to negate drift.
 
Quote from jagmot:

Don't use the DOM bid/ask at all in my analysis. I've seen way too many 'fake' bids and asks. Most of the time those big orders get pulled before anything is ever executed, hence fake imo.
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IMHO, it is difficult to correctly interpret the DOM without a good understanding of the T&S to go along with it. DOM is more appropriately viewed in the context of the T&S. Also, I agree with the previous post that it is even more difficult to read the DOM since algorithm based trading has become more prolific. There are still patterns, but they are less reliable and more difficult to recognize in a timely manner.

T&S is the preferable tool since it is hard to fake/spoof/bluff an executed trade :)

....just my 2 cents, FWIW :p
 
We have a giant double doubletop (when one top itself is a doubletop) on the SPX. If this doesn't go down, I have to give back my technician diploma...

Oh yes, RSI divergence too....
 
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