ES Journal Archive (2006 - 2008)

[mbusch]

Quote from apex82:

mbusch... you should watch this trade on the euro.. These are the best trades you will ever get in the markets IMO.

It frankly amazes me how you're able to follow and trade so many markets simultaneously. Of course, you've got a few years of trading on me, so maybe it's something that comes with time. I'm exhausted just trading ES on days like this (and especially yesterday). Exhausted and exhilarated.

 

[saliva]

Quote from mbusch:

Excellent choice!

Thanks. I've raked in lots of points and so have you. Maybe we should work as a team.

Cheers

 

[apex82]

Quote from mbusch:

It frankly amazes me how you're able to follow and trade so many markets simultaneously. Of course, you've got a few years of trading on me, so maybe it's something that comes with time. I'm exhausted just trading ES on days like this (and especially yesterday). Exhausted and exhilarated.

lots of monitors... and only 2 high probability setups.. Trading is exhausting at times.. ill give you that. Happy turkey day.

 

[Sponger]

Quote from apex82:

update on euro....

Everything coming together beautiful.. market trading into new highs right into the zone with a lot of confluence...

areas to wach are 1.4895-1.4929 for possible major trend change..

Watch the daily chart for a reversal bar to look for intraday trades to hold for large winners..

I like your confluence point, may prove to be very timely.

I know you're strictly technical Apex82, so can anyone out there who is macro oriented answer this question: If the Fed is in an easing mode, what catalyst other than interest rates could bring buyers into the USD? (short of world crisis event)

 

[mbusch]

Quote from apex82:

Happy turkey day.

Same to you, my friend. We both deserve a few days off!

 

[mbusch]

For those who care, I just liquidated my holdings in QID (double-short NASDAQ ETF) for a lovely profit in my IRA. Decided to carry my SDS (double-short S&P 500 ETF) over the weekend--it's up huge, and I like its price action a lot better than QID.

SDS made a new high today. QID didn't.

 

[saliva]

Quote from Sponger:

I like your confluence point, may prove to be very timely.

I know you're strictly technical Apex82, so can anyone out there who is macro oriented answer this question: If the Fed is in an easing mode, what catalyst other than interest rates could bring buyers into the USD? (short of world crisis event)

If dollar continues to slide, other countries will likely follow suit by devaluing their currencies. If that, however, becomes the de facto trend, then the most plausible outcome is that the greenback can only go up...or can it?

 

[opt789]

Anyone want to comment on this chart?

Seeing some similarities to August lows; seems like we might be due for an oversold bounce.

 

[JSSPMK]

Quote from saliva:

A silly question: is there a direct correlation between DAX and the SPOOZ?

all financial markets are correlated

 

[Lawrence Chan]

Seasonally the first half of Nov is always weak. But as weak as the one we have seen this year, it is my first time (over the past 15+ years) ...

Then in the week of Thanksgiving we "usually" get the low of the month - thus the almost moronic "thanksgiving week upside bias".

The rest of the month is seasonally bullish as mutual funds and such start to deploy their cash before their official holiday month starts

So a bounce is due, yes. But how much is the question.