ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

how many stops are at 1528?... :)
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How would we know THAT looking at your chart?

Here is my2c

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1652361>
 

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Quote from Spectre2007:

short term sentiment trade... short 10 @ 1517 sl at 1530

TP...1400

I hope the merill news is really really bad... :)

I can't wait to make 117 handles on this trade.

another 10 @ 1517.50.... (keeps his fingers crossed)

prays to the spooz gods....oh ali baba... I promise to honor my stops on all trades.
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the price is suppose to tick down not up!! wtf.

oh if the trade doesn't workout, I will hold it through FOMC, maybe the FED will come through for me.
 
Quote from Spectre2007:

the price is suppose to tick down not up!! wtf.

oh if the trade doesn't workout, I will hold it through FOMC, maybe the FED will come through for me.
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Good luck! Method that I use tells me that this is NOT a good time to be short. Could you post what you are seeing?

CAN'T SEE YOUR CHARTS ON T2W, NEED TO BE A MEMBER

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1652368>
 

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Quote from Spectre2007:

short term sentiment trade... short 10 @ 1517 sl at 1530

TP...1400

I hope the merill news is really really bad... :)

I can't wait to make 117 handles on this trade.

another 10 @ 1517.50.... (keeps his fingers crossed)

prays to the spooz gods....oh ali baba... I promise to honor my stops on all trades.
More...

:confused: Come on man. Unless I missed a post you're already long a bajillion contracts for new highs or something, now you're looking for 117 points to the downside.... is this more of the "I say X but I mean Y" speak of yours from before you "left for good"?
 
Quote from tommymoose:

:confused: Come on man. Unless I missed a post you're already long a bajillion contracts for new highs or something, now you're looking for 117 points to the downside.... is this more of the "I say X but I mean Y" speak of yours from before you "left for good"?
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I'm long a fraction of my acct equity. The merill news is being used to run stops below, if it can break 1494 and eventually break the 200 day MA, I'm going to put more cash to use.

Study your recession fear cycles, and effects it has on equity prices. And what FED easing does in the early and later stages. Don't fight the FED.

edit: first target is 1510, second 1500 third 1494, price cascade ensues as these are run. But based on the amount of shorts at the current moment, it needs to run through these for a cascade effect, otherwise it springs back to highs, as shorts are covered.
 
Hypothetical Long 'ere 1514.5, stop below 1513

15 minute chart putting in a MACD jigsaw

scaled out +3

scaled out +5

Last 1/3 left

Jigsaw looks el' perfecto, ImE will continue up
 
the problem with this recession fear cycle, the majority of the short fuel has been used up secondary to the previous plunges.

in a sense the market is being desensitized to bad news.

you can sense it on this board and other threads, noone wants to get long this market.
 
Quote from Spectre2007:



you can sense it on this board and other threads, noone wants to get long this market.
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Most savvy traders need some sort of confirmation, even Apex needs a confirm after his zone's been hit
 
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