ES Journal Archive (2006 - 2008)

[Spectre2007]

Quote from apex82:

they got me...

careful with nfp coming out tomm...

adp/gdp projections point to a strong number.

plus FED already knows the nfp number, and their statement shifted to reflect it is one possibility.

 

[mbusch]

Quote from smilingsynic:

Not original, yes, but he IS right. Averaging up was meant for days like this, but I'd bet that more traders averaged DOWN today than up.

With that kind of behavior, they won't be traders for long.

I didn't average either way. I went short full position early, sat tight while taking some heat, and my patience was nicely rewarded at EOD. Don't you just love it when a plan comes together?

 

[Spectre2007]

Quote from mbusch:

I didn't average either way. I went short full position early, sat tight while taking some heat, and my patience was nicely rewarded at EOD. Don't you just love it when a plan comes together?

I was only able to capture half the decline, 20 points on spooz by trading it. Its best to leave positions to run for the day, but a part of me hates being short equities for too long.

 

[avarus]

Quote from mbusch:

I didn't average either way. I went short full position early, sat tight while taking some heat, and my patience was nicely rewarded at EOD. Don't you just love it when a plan comes together?

Col. John "Hannibal" Smith , "he's on the jazz"

 

[smilingsynic]

Quote from mbusch:

I didn't average either way. I went short full position early, sat tight while taking some heat, and my patience was nicely rewarded at EOD. Don't you just love it when a plan comes together?

Absolutely!

http://www.lady-jo.de/a-team/charaktere/bilder/hannibal2.jpg

 

[kinggyppo]

Does anyone want to say what the statistical probability is of calling a move like this?

 

[Spectre2007]

this is actually very good for the market. To clean out the sentiment and create a undecisive state.

 

[elovemer]

.... you dont need to call it.... the market had already called it....
..... the rising wedge began at 1492.5 ... therefore that is its target once it breaks down
..... the diamond's target is 1508.75 .... once it breaks ... same thing applies...
... both were broken to the downside pre-market.....
.... the market called this move pre-market
.... edit... only problem is the market didn't say when the move would be complete

Quote from kinggyppo:
Does anyone want to say what the statistical probability is of calling a move like this?

 

[kinggyppo]

Quote from elovemer:

.... you dont need to call it.... the market had already called it....
..... the rising wedge began at 1492.5 ... therefore that is its target once it breaks down
..... the diamond's target is 1508.75 .... once it breaks ... same thing applies...
... both were broken to the downside pre-market.....
.... the market called this move pre-market

chart please.

 

[elovemer]

....here's the rising wedge first....
.... when a rising wedge forms on a reversal... it is a continuance pattern...
... meaning the down move will continue...

Quote from kinggyppo:
chart please.