ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

JSSPMK
does it again.
kudos
(and he probably just got back from the pub with a couple of pints in his belly and just happened to look at his charts and said, hey, I like that divergence on the 5, I'll go long!

congrats.:p
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TY V!

I took dog out to park, came back with fresh eyes, very important. As I said previously to SS, I am not that naive when it comes to critical levels. Also what histogram was doing on 30m chart was very important for us in the "don't know", I had no idea that this will lead to such a lift obviously, I just anticipated a move and went with flow at the time.

Few drinks tonight definitely :)
 
Quote from gwac:

That rescue is very import, somebody knew about it.
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I knew about it beforehand. :)

Pekelo (Feb 22, 2008 1:46:11 PM)
I think we rally into the close

Here is my technical explanation of what happened:

Yesterday was a pretty classic SDD ( better recognizable on the NDX chart). Today was also an SDD, but back to back SDDs seldom end on a down, so that's why I was expecting a rally. Now people will talk about what caused it, I say technicals caused it...It should have started earlier, and since it was suppressed so long, that's why it was so powerful.>>>Wyckoff spring...

P.S.: Explanation of SDD can be read in my ADU timeline thread....
 
When you are trading the ES, trade with the thought that you are a 1000 lot trader. This will help you understand the games they play and why they need to play them. Is the 1000 lot operator selling into the buying or buying for real. Studying the tape and following the gorilla works, he can't hide his footprints.
 
I am Long again USD/JPY gunning for weekly D.

Q here, does anyone have info on correlation between USD/JPY & S&P500, there is a massive D on USD/JPY weekly chart.
 
Quote from smilingsynic:

Yes, it does. Maybe I've underestimated the game playing that goes on. Looks more and more like pro wrestling all of the time.

Wonder who booked this afternoon's match?

Ironically I was anticipating a false breakout to the upside and then a major washout that would sting the bulls all weekend (straight out of the playbook--Friday decline; Monday gap down, goes up for the week), and they gave us a false downside breakout to the opposite direction.

Wyckoff and the old time technical analysts who believed in the pre-FDR days that markets were engineered are long dead, but they are still very much right.

Have a nice weekend.
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You know I was gonna comment, since when do reporters move markets as this happened last week, but I thought I should keep my mouth shut. Actually they do a great job of making markets look random, stochastic drift blah blah blah. By the way this is only a rumour presently. :confused:
 
Quote from kinggyppo:

You know I was gonna comment, since when do reporters move markets as this happened last week, but I thought I should keep my mouth shut. Actually they do a great job of making markets look random, stochastic drift blah blah blah. By the way this is only a rumour presently. :confused:
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The markets engineer a rise and the gorillas are sitting there with their 100-1000 lot orders hanging above the market.
 
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