ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

sellers are all over that daily OVB in AH.......i expect to see a LL when it is said & done.........first cofluence sell zone @ 83/92 was tagged beautifully with the 20 day right there as well at 77.


was late on my sell @ 74.75 & caught an add on at 68.75on the retrace to 69.25 swing hi.
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stopped on my position @ 68.50/resting stop... or just below my add on for a small gain today as i was`nt around most of day.
just flat out sick PA....bots ran the show with a one way street & never looked back.

we went coast to coast on the 30/60 min channel or 55 handles north from bottom to top........i would`nt be surprised to see a reverse coast to coast move down to 40/45 with a gap stealing the down move as per usual.
 
Caught in the middle of the last leg of run up as expectation was that 40 some points was quite a run already for the day ...

One interesting issue though as we chop and run wild up and down 20 to 30 more points per move, various moving averages from higher intraday time frames (4 hours, 8 hours, etc.) are slowly moving down towards the current price level.

Many big boys are waiting on the side line for more clues from those reference points before they will make their next moves.
 
These are not bots or quants, just swf's with the likes of Brian Hunter and Unlimited capital (petrol $$$). Look at every other market they have participated in and controlled the underlying in the last year. Same shit. Too plain vanilla to be anything else.
 
Quote from JSSPMK:

You know there's a lot that can be said both for & against scaling out of positions, all I can say when I started to scale out of positions that previously happened to be losing ones I haven't looked back since, Volente's posts have actually helped me quite a bit to consider making a switch, so I guess it doesn't matter at al whether a trader scales out or not, just like it doesn't matter whether a trader uses price only or indicators as well as, the only thing that matters is profitability.
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amen to that, dude....
 
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