ES Journal Archive (2006 - 2008)

[Spectre2007]

Quote from Triple X:

Good posts about this volatility. We are indeed playing against hedgie algos right now. Here's a link that gives even more detail, how some of the largest funds run black boxes that don't even use human input. We are trading against computers, and I for one got my ass handed to me this week lol.

http://www.battleofthequants.com/index.html

if you saw the price pattern of what was happening during that overnight session where ES dropped and ran up...in minutes, you can tell what the algo programming was..

basically a volatility fan was constructed, the algo bought at the trendlines below and sold above at the the trendlines...creating a vol fan...

 

[ammo]

spec i'm blown away with your endless bag of tricks,encyclopedia britannica for the 21st century ,keep em comin

 

[storm121]

http://www.elitetrader.com/vb/showthread.php?threadid=114813

heh, I would sure like to see a one time cut of 100 bps.that would blow shorts clean out of the water and end many trading careers immediately.

hopefully they do it an odd time like 3AM when every1 is fast asleep.Even this weekend would be fine.

SP futures would gap up about 150 points, Dow futures 1000 pts or so, Nasdaq maybe 200.

lets hope it happens,
blackguard

 

[Pholeuon]

I hope we will gap up even more 2x,3x,4x ....

I am more and more afraid shorting this market because I can not believe that no bigger pop up happened so long ...
It starts to be huge psychical problem for me.

 

[kinggyppo]

Quote from storm121:

http://www.elitetrader.com/vb/showthread.php?threadid=114813

heh, I would sure like to see a one time cut of 100 bps.that would blow shorts clean out of the water and end many trading careers immediately.

hopefully they do it an odd time like 3AM when every1 is fast asleep.Even this weekend would be fine.

SP futures would gap up about 150 points, Dow futures 1000 pts or so, Nasdaq maybe 200.

lets hope it happens,
blackguard

No kidding?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1755807#post1755807

Maybe you should nominate yourself again. You are starting to remind me of stocktrader.

 

[DeepFried]

A real danger for this week (if you're long, that is) would be a flat day Tuesday, then a disappointing or even inline Apple earnings report after the close to send the market down hard. There are still plenty of people bullish on tech in general and we haven't, IMHO, had a selling climax in the market just yet.

 

[volente_00]

Quote from ammo:

The earlier post about trying to hit a roger clemens fastball was right on the money. BE patient and pick your spots.

Or you can always just bunt.

 

[JSSPMK]

Quote from DeepFried:

we haven't, IMHO, had a selling climax in the market just yet.

I feel the same, give us a false sense of bottomness )), then lift the floor, ouch. Anyhow, 'trade what you see' & stay on top of the game.

 

[JSSPMK]

I see a possible bounce opportunity on 2 hour chart, triple divergence, will be looking out for trigger points on shorter term charts.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1756799>

 

[Optionpro007]

Quote from smilingsynic:

Few can, for sure. Daytrading is like hitting major league pitching--the balls come at you so fast, there really is little room for error. These days, it is like Roger Clemens throwing a juiced-up fastball.

Daytrading is the major league of trading: the potential profit is greater (as is the potential loss). Intraday trading essentially speeds up time.

During these 40 point daily range, I have given up trying to catch the 4-6 points swings and have focused instead of trying to catch the 40-60 point swings. They ARE there. During fast times it is almost always better to longer-term bars (5 minute bars at the least). Those who used 250 tick or 1000 volume charts are just asking to get chopped to bits. Might as well stick the money into the Vegematic.

Daytrading should be pursued only by those who have mastered end-of-day trading first. After all, one cannot run until first walking.

Agree, but it is still a personality issue. Probably I would think differently about short term trading if I had came accross a good trading strategy for my personality. So far everything I have seen hasn't stuck...a.d.d. I imagine....

Good luck...or better said good trading...