ES Journal Archive (2006 - 2008)

[kinggyppo]

Quote from Specterx:

umm did anyone else see those quick 2000 contract orders run the price up by 3-4 ticks just now? That was really weird... Lol, one trader trying to force a breakout?

on expiration day you see some huge block trades. For example yesterday morning a huge block traded (relatively speaking). Hard to know who it is though. Big size on the spy at $134.64.

 

[smilingsynic]

Quote from Specterx:

umm did anyone else see those quick 2000 contract orders run the price up by 3-4 ticks just now? That was really weird... Lol, one trader trying to force a breakout?

The market tends to gravitate toward the stops, and some traders like to place their stops at recent highs and lows. Other traders, me included, are happy to give them what they want.

This ain't rocket science.

Gap just about filled. Close enough.

Most moribund expiration in a while.

 

[ganesh6]

Thanks kinggyppo

Quote from kinggyppo:

Nice layout of some common price patterns.

http://chart-patterns.netfirms.com/

 

[Pholeuon]

How you can profit on stop run if you can not accumulate on both sides like MM?
I can imagine jump countertrend in exhausting but this looks to me quite a risky stuff.

Quote from smilingsynic:

The market tends to gravitate toward the stops, and some traders like to place their stops at recent highs and lows. Other traders, me included, are happy to give them what they want.

.

 

[saliva]

Quote from smilingsynic:

The market tends to gravitate toward the stops, and some traders like to place their stops at recent highs and lows.

I dunno. The rules have changed somewhat over the years. Traders, particularly newbies like myself, are becoming increasingly sophisticated when placing stops knowing that the idiots' favorite pastime is to gun the stops. Eventually there will come a day when stop-running will become a thing of the past and the obvious "hot spots" will have to be redefined.

 

[atticus]

Looking for spoos to trade 8 handles higher at the NYSE open. Good luck to all next week.

 

[smilingsynic]

Quote from saliva:

I dunno. The rules have changed somewhat over the years. Traders, particularly newbies like myself, are becoming increasingly sophisticated when placing stops knowing that the idiots' favorite pastime is to gun the stops. Eventually there will come a day when stop-running will become a thing of the past and the obvious "hot spots" will have to be redefined.

There will be stop gunning as long as traders use stops, employ technical analysis, and buy/sell breakouts.

 

[volente_00]

Quote from volente_00:

Close above 1340 today

10 points above on a pegged spy strike that had the highest open put interest


http://finance.yahoo.com/q?s=SFBNE.X


Those spy options are not useful for anything

 

[volente_00]

Quote from storm121:

I didnt trade these past 2 days.I already made enough mon-wed.

again Im surprised we are down today.I really thought we would see green today.

anyway, I would be a buyer at the close if we remain at these levels.

You misinterpreted what the options were saying. Weds of oe week almost always ends up being the apex or trough for the week.

 

[volente_00]

Ironic thing about this week was the low and the high from 21 to 71 were both signals using a rule of 10.


http://quotes.ino.com/chart/?s=CME_ES.H08.E