ES Journal Archive (2006 - 2008)

[BoyBrutus]

Quote from Buy1Sell2:

No position on still. I still feel that we need to go down and retest the lows in the 1490's. If wrong that's fine. I am on the sidelines and will have only lost opportunity.

Quote from apex82:

Closing out long stocks taken starting last monday... critical times on the market and odds are high that we head to new lows.

No entry to short the index's yet.. staying patient

Glancing at a few stocks it seems most are looking like they are in bear flags than a true advance (short term), but there are some big cap that are very bullish like Aapl, Goog, GS, MSFT and commodities based ones. (reminds me of A Cammacks operations in Reminiscences. )

Just want to point out that seasonally we are in very bullish period from now till the end of year.

Edit: 1551 was the 0.61 retrace of that down move

 

[Spectre2007]

US main commodity, is tech companies, global inflows creating parabolic curve in Naz weekly/monthly charts.

SWF money inflows will dominate.

Cheap dollar makes the shares very attractive.

 

[apex82]

I recommend taking some profits on any stocks or long positions here.. odds are we move below 1490. It can still go higher but not as high of a probability. Better taking some off and not letting a winner turn into a loser.

 

[apex82]

I am now short the ES futures with a stop above todays high..

entries from 1545-1548 stop at 1554.50

target 1 1515
target 2 1490 and lower

 

[Spectre2007]

I'm long YM and ES till end of year. Will accumulate at sig discount.

 

[Spooz Top]

Quote from Spectre2007:

I'm long YM and ES till end of year. Will accumulate at sig discount.

let me guess.....no stops on anything?

& if it goes significantly against you............you were just kidding,trying to fool the so called market makers?

 

[apex82]

Quote from apex82:

I am now short the ES futures with a stop above todays high..

entries from 1545-1548 stop at 1554.50

target 1 1515
target 2 1490 and lower

Would have like to see a bit lower close... but you cant always get what ya want. The R:R on this trade was to good to pass up still holding short...

 

[Spectre2007]

Quote from Spooz Top:

let me guess.....no stops on anything?

& if it goes significantly against you............you were just kidding,trying to fool the so called market makers?

position sizing is key.

it must be frustrating to keep seeing it edge up, your negative bias is palpable, just as my positive bias.

as a short term trader being soo negative works against you.

chris

 

[Spectre2007]

if the stops pop at 1587, the market enters a major leg up.

that's what I'm looking at.

 

[Spooz Top]

Quote from Spectre2007:

position sizing is key.

it must be frustrating to keep seeing it edge up, your negative bias is palpable, just as my positive bias.

as a short term trader being soo negative works against you.

chris

as a matter of fact.......i pyramided into & sold hi bid of the day @ 50.75.........................had my quota hit by 10:15 am,went out & enjoyed my day as i was expecting just this PA into fomc.

i`m a short term trader that actually makes money 18/19 days out of 20/21 days a month & am not negative or positive.....but NEUTRAL...................my position acct is where i capture market turns & am NOT positioned as of yet for the coming turn......but will be soon!

No pain or negativity here...........just raining dead presidents.