ES Journal Archive (2006 - 2008)

[jagmot]

Quote from kinggyppo:

Anyone watching CME today down $100.00 yesterday big move.
Waiting for market to make up its mind flat here.

Same with ICE, down big from the DOJ report. I'm holding ICE long back to 150. When I'm bottom fishing like that, I'll buy in 3 lots. Fortunate that I barely got my second lot at the close yesterday.

Edit: Did the same thing with AAPL, although my last buy was at 121.60. I trade both futures and stocks with technicals but sometimes when stocks break down like this have to buy on a fundamental bias (don't everyone throw rocks)

 

[RsX]

Yes, so far it's held. I'm also anticipating a break of this week's downtrend line. So far the week's downtrend line has also held (from mondays highs at 1400 down to yesterday's highs at 1353.25), except for the failed breakout earlier today. It's about to be retested and I'm looking at a possible break-n-squeeze after that. The stop still stays at -1.50pts in case I'm wrong.

EDIT above 1330 now.. decision point. Stop goes to +1.50 (1325.75)

EDIT position up +10pts, stop goes to +4.50pts (1328.75)

 

[avarus]

Quote from jagmot:

Same with ICE, down big from the DOJ report. I'm holding ICE long back to 150. When I'm bottom fishing like that, I'll buy in 3 lots. Fortunate that I barely got my second lot at the close yesterday.

Edit: Doing the same thing with AAPL, although my last buy was at 121.60. I trade both futures and stocks with technicals but sometimes when stocks break down like this have to buy on a fundamental bias (don't everyone throw rocks)

Trading or investing in stocks based on quantitative fundamentals works very well. If you ever get your hands on a Compustat, Bloomberg, ThomsonOne, Factset time-in series database and have the inclination to backtest fundamentals, you will learn a lot as to when stocks become attractive to the funds.

 

[avarus]

02-07-08 10:25 AM

Next big buy is 1322.
--------------------------------

One tick shy of 1322.

This should take us into the 40s.

 

[kinggyppo]

Quote from jagmot:

Same with ICE, down big from the DOJ report. I'm holding ICE long back to 150. When I'm bottom fishing like that, I'll buy in 3 lots. Fortunate that I barely got my second lot at the close yesterday.

Edit: Did the same thing with AAPL, although my last buy was at 121.60. I trade both futures and stocks with technicals but sometimes when stocks break down like this have to buy on a fundamental bias (don't everyone throw rocks)

was looking for $540.00 I didn't think it would happen today nevermind in an hour. Thanks.

 

[JSSPMK]

Quote from JSSPMK:

Long 1324.5 off 1 & 2

Scaled out +1.75

1/3 +9.25

 

[avarus]

Super Thursday, we may even see 1353ish today.

 

[smilingsynic]

Quote from avarus:

Super Thursday, we may even see 1353ish today.

If we see 1350's today, then 1370 Friday is not out of the question. In terms of the "plot", a strong end of week run induces Monday morning buying--i.e. a gap, and a nice place to sell merchandise bought earlier.

 

[avarus]

breakout of 40 will have momentum behind it.

 

[jagmot]

Quote from avarus:

Trading or investing in stocks based on quantitative fundamentals works very well. If you ever get your hands on a Compustat, Bloomberg, ThomsonOne, Factset time-in series database and have the inclination to backtest fundamentals, you will learn a lot as to when stocks become attractive to the funds.

Definitely, good point. I used to have access to Bloomberg before I moved out on my own. I ve been using Reuters Plus for a while but its definitely not as good.