ES Journal Archive (2006 - 2008)

[John4th]

thanks

 

[mbusch]

On the sidelines here, watching to see what happens at 63-64. If selling comes in there, it's another short. If we penetrate it, I'd look to go long for a target above 1470, at which point I'd be looking to go short for a homerun. Flat for now.

 

[TraderStavros]

Eyeing a long around 1456 or 1455.

edit: 2 min bar closed higher after downtrend. got in at 1458. 2pt trailing stop at 1456

 

[vertigo3]

mbusch,
did you ever find out anything about the T&S designation of Below Bid, or Above Ask?

 

[TraderStavros]

Stopped out, can't catch a break.

 

[mbusch]

Long from 1456.50, small.

 

[mbusch]

Quote from vertigo3:

did you ever find out anything about the T&S designation of Below Bid, or Above Ask?

Best I can figure, if someone places a market order to buy 200 contracts, and only 150 are offered at the ask price, the T&S window shows 150 at ask and 50 above ask (at the next tick higher). Vice-versa with market orders to sell.

 

[mbusch]

Quote from mbusch:

Long from 1456.50, small.

Underwhelmed with buying so far, raising stop to b/e and will trail up in case this one doesn't go the distance.

 

[TraderStavros]

Bah, I liked this rally at 1458 but was too chicken to buy in. I didn't think there was enough volume.

 

[mbusch]

Quote from mbusch:

Underwhelmed with buying so far, raising stop to b/e and will trail up in case this one doesn't go the distance.

Beautiful! Closed out at 1461.50 for +5.00. Almost bailed on that one a few times, but kept trailing the stop and hung in there.