ES Journal Archive (2006 - 2008)

[Spooz Top]

Quote from volente_00:

Posted 10/11 before ES ran to 1586.75




Some of us SEE a little bit clearer

??? not really sure what you`re getting at hear?

 

[bsparkyman]

Why does this thread continuously revert to a pissing match? Live and let trade.....

 

[volente_00]

Quote from Spooz Top:

??? not really sure what you`re getting at here?

I was responding to your sarcasm to Pekelo about it is only easy to see the sell off coming after the fact. My attorney will becontacting you in the morning for stealing the rule of 10 concept as well.

 

[volente_00]

Quote from dmartin:

Not sure what you’re looking at other than divergences and grails but from my vantage point we are now biased short. Why you didn't take profits when the futures were at there highs (1586.75) and at levels which have proved difficult to move past is quite surprising (nothing goes up or down forever). Sentiment (Market Vane, AAII, Investors Intelligence) have most definitely moved to a Hyper Bearish level (to many Bulls). Also, NYSE McClellan and NASDAQ McClellan are way overbought and likewise Hyper Bearish.

Please note my post from 10/7

Let The Good Times Roll, DMartin




If I recall he is long from 1530's average, although I don't agree with his style, I highly doubt he will stop out on it for less than his cost basis.








]

 

[volente_00]

Quote from bsparkyman:

Why does this thread continuously revert to a pissing match? Live and let trade.....

Too much testosterone and the need to be right.


The only call worth a $hit is one that actually makes you money. All the rest are just for ego trips.

 

[dmartin]

Quote from volente_00:

Quote from dmartin:

Not sure what you’re looking at other than divergences and grails but from my vantage point we are now biased short. Why you didn't take profits when the futures were at there highs (1586.75) and at levels which have proved difficult to move past is quite surprising (nothing goes up or down forever). Sentiment (Market Vane, AAII, Investors Intelligence) have most definitely moved to a Hyper Bearish level (to many Bulls). Also, NYSE McClellan and NASDAQ McClellan are way overbought and likewise Hyper Bearish.

Please note my post from 10/7

Let The Good Times Roll, DMartin


Apparently, he doesn't have stops anymore and just goes with his long or short biased positions based on divergences, etc. If he makes money when the market goes from 1586.75 to 1560 then more power to him. Lets see where the market ends the week and where Buy2 Sell1 gets out of this trade. Why wouldn't one take some profits off at the highs (1586.75) which have proved to be serious resistance is a bit goofy. Would someone please communicate to me the logic in that manner of trading.

DMartin




If I recall he is long from 1530's average, although I don't agree with his style, I highly doubt he will stop out on it for less than his cost basis.








]

 

[Spooz Top]

Quote from volente_00:

The only call worth a $hit is one that actually makes you money. All the rest are just for ego trips. [/B]

Exactly on that one........as well as myself using S&P rule of 10 & it`s eqivilent ,Dow rule of 100 since 1997..........standard measurement for any futures/index trader in the industry.....................

 

[dmartin]

Quote from volente_00:

Quote from dmartin:

Not sure what you’re looking at other than divergences and grails but from my vantage point we are now biased short. Why you didn't take profits when the futures were at there highs (1586.75) and at levels which have proved difficult to move past is quite surprising (nothing goes up or down forever). Sentiment (Market Vane, AAII, Investors Intelligence) have most definitely moved to a Hyper Bearish level (to many Bulls). Also, NYSE McClellan and NASDAQ McClellan are way overbought and likewise Hyper Bearish.

Please note my post from 10/7

Let The Good Times Roll, DMartin




If I recall he is long from 1530's average, although I don't agree with his style, I highly doubt he will stop out on it for less than his cost basis.








]

Apparently, he doesn't have stops anymore and just goes with his long or short biased positions based on divergences, etc. If he makes money when the market goes from 1586.75 to 1560 then more power to him. Lets see where the market ends the week and where Buy2 Sell1 gets out of this trade. Why wouldn't one take some profits off at the highs (1586.75) which have proved to be serious resistance is a bit goofy. Would someone please communicate to me the logic in that manner of trading.

DMartin

 

[Anekdoten]

Quote from dmartin:

Why wouldn't one take some profits off at the highs (1586.75) which have proved to be serious resistance is a bit goofy. Would someone please communicate to me the logic in that manner of trading.

The highs are rarely taken hard on the first test because most traders take at the very least, partial profits there.

Perhaps he is waiting for a real break, combined with a short squeeze to capitalize with a solid homerun in what it has been a solid uptrend, can't say that's crazy.

On top of that he's got the fed behind his back and a possible booster around the corner otherwise known as earning season.

Worst case scenario he can still jet with money in his pocket with absolutely no problem because he caught the holy grail of trading, the birth of a new trend.

The guy is simply playing with the market's money.

Anek

 

[dmartin]

Quote from Anekdoten:

The highs are rarely taken hard on the first test because most traders take at the very least, partial profits there.

Perhaps he is waiting for a real break, combined with a short squeeze to capitalize with a solid homerun in what it has been a solid uptrend, can't say that's crazy.

On top of that he's got the fed behind his back and a possible booster around the corner otherwise known as earning season.

Worst case scenario he can still jet with money in his pocket with absolutely no problem because he caught the holy grail of trading, the birth of a new trend.

The guy is simply playing with the market's money.

Anek

So we now have the birth of a new trend and your telling me you wouldn't have taken some off the table at or near the highs--highs which have proved serious resistance? Let's let the week play out and see what happens. Should be interesting!

All The Best, DMartin


PS No one, I mean no one plays with the markets money