ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from [Proximo]:

Back to business. I wish we would go up a little more so I could fade the open. Any large move to the upside [In the morning] should be sold IMO.

Currently flat -- I had sell orders @ 2138-2139. But as usual missed the sell by a few ticks and it moved a little too fast for me to get on board.

Feels like I'll be doing a lot of scalping today -- expecting the range to contract. [/B]
More...

Its nice to get a string of trend days and make some big $. But the reality check always costs $ Id rather it go back to normal and get more pull-backs.
 
Limit to go short ES at 1511.25. Potential double top on the NFP and lack of follow through right now so if it takes out the swing low after the runup it made trade flat or red to 1507.
 
Quote from volente_00:

It's relevant to me and if it helps me take your money then I'm gonna keep using it. That 152-153 was for last months high range. Last I checked Nov 07 spy is no longer trading. But where did spy fail once I talked about 152-153 ? And for the hundreth time, IT IS NOT ABOUT PINNING, it is about selling premium to the hope buyers.

http://finance.yahoo.com/q/bc?s=SPY&t=3m

All I know is it works for me and if others can't won't don't see the story in them then that is just fine. You argument has little merit compared to the facts that have been posted on this board that were derived from the change of such a simple concept as open interest.
More...

You're deficient, but lucky for you, nobody of intellect can make a case for PINNING, which is what you're attempting. "MAX PAIN" concepts are completely out of touch with reality in a 2007 market. The cash markets are simply too liquid. Interest rates and microstructure play a significant role as well, but talking to you is akin to teaching Ito's lemma to a Capuchin monkey.

The market broke below prior spot support at 150, not 152 or 153. It's clear that you can't read a chart any better.

My [absolute] last on the subject. You're killfiled.
 
Short from 1514.25, small size, countertrend scalp of double top at 1515.25 (if it works). Stop just above DT. Target 1510 (38% retrace), with 1508 (50%, gap close) a possibility. Risky, so keeping it small with a close stop.

Yesterday's RTH close just kissed a major downtrend line on my daily, 240-min and 60-min charts. The AH action breached it to the upside. If today's RTH action doesn't close the gap quickly and then remain at or below yesterday's close, I'll be forced to turn bullish and expect substantially higher levels. I had been looking for 1510-ish to be the high of this move, and the bear trend to resume, so today's action will be critical in that regard. As someone who hates making major paradigm shifts, I hope today is strongly down.

Unfortunately, I have to leave at lunchtime ET so will miss the afternoon fireworks, one way or the other.
 
Quote from mbusch:

Short from 1514.25, small size, countertrend scalp of double top at 1515.25 (if it works). Stop just above DT. Target 1510 (38% retrace), with 1508 (50%, gap close) a possibility. Risky, so keeping it small with a close stop.
More...
Out at 1510.25 for quick +5. Now flat.

EDIT: We're two points away from gap close. I hope it closes and stays there, but I'll trade what I see (at least for the next hour or two).
 
Quote from optioncoach:

Limit to go short ES at 1511.25. Potential double top on the NFP and lack of follow through right now so if it takes out the swing low after the runup it made trade flat or red to 1507.
More...

Was filled and took half off at 1509. Stop to be and next target is 1506.
 
Status
Not open for further replies.
Back
Top