Rule of 20 sell signal.
EDIT: Followed by rule of 10 buy to cover signal.
EDIT: Followed by rule of 10 buy to cover signal.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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This looks nothing like a bear market bottom to me. Not that I wouldn't like one, as there is nothing in trading like a bear market bottom. Spectacular and cathartic. You blink, and that was a handle.
Today represents a lot of movement but merely a pause in the downward trend; it feels like the calm before the storm. More often than probability alone would suggest, Monday marks either the high or the low of the week. A long weekend plus weak longs equal opportunity.
Today represents a lot of movement but merely a pause in the downward trend; it feels like the calm before the storm. More often than probability alone would suggest, Monday marks either the high or the low of the week. A long weekend plus weak longs equal opportunity.
to put things in perspective, we closed down about 35 points for the week.roughly 3%.
I think thats easy to overcome next week.
after that, we'll just print higher prices until Hillary comes in, and after that its pretty much 1995-1999 all over again.
Im looking forward to next week and looking forward to higher prices.
I think thats easy to overcome next week.
after that, we'll just print higher prices until Hillary comes in, and after that its pretty much 1995-1999 all over again.
Im looking forward to next week and looking forward to higher prices.
oh nothing.
Rolled today into June Short--Full position. Will maintain short position here. I will stop out above 1410 in the June as well. I see no reason just yet to bring my stop down to a lower level with all the noise that has been occurring in the market. 
--Obtained a profit of just over 200 points in the March contract there with one commission. It gets a bit harder to track now since this is still considered "one trade" ie I do not consider this as a realized profit until such time that I am stopped out or decide to get out. For example, my June short could end up losing 120 points or so which would normally be unacceptable forn the size I currently have on, yet this amount would be balanced against the gain in March as I still consider this the same trade. I keep track of the amount of the cash balance that is involved in rolled trades and I base my risk assessment on the net cash balance amount. I am extremely risk averse and pay close attention to that. --Good fortune to all--
--Obtained a profit of just over 200 points in the March contract there with one commission. It gets a bit harder to track now since this is still considered "one trade" ie I do not consider this as a realized profit until such time that I am stopped out or decide to get out. For example, my June short could end up losing 120 points or so which would normally be unacceptable forn the size I currently have on, yet this amount would be balanced against the gain in March as I still consider this the same trade. I keep track of the amount of the cash balance that is involved in rolled trades and I base my risk assessment on the net cash balance amount. I am extremely risk averse and pay close attention to that. --Good fortune to all--
B1S2
You have a downside target or just going to trail it lower until a bounce takes you out ?
You have a downside target or just going to trail it lower until a bounce takes you out ?
Anyone have an opinion of where next ?
My option prediction had 1280-1290 downside for march.
but now action is starting to heat up at 125 and 126.
My option prediction had 1280-1290 downside for march.
but now action is starting to heat up at 125 and 126.
just noticed this, looks like my 'sources' were correct.
remember I posted about shortselling to be outlawed?here you go:http://www.sec.gov/news/press/2008/2008-38.htm
Thats the second or third time I mentioned something, was laughed at, then it came true shortly afterward.
wouldn't be surprised to see ES limit up on monday morning.
remember I posted about shortselling to be outlawed?here you go:http://www.sec.gov/news/press/2008/2008-38.htm
Thats the second or third time I mentioned something, was laughed at, then it came true shortly afterward.
wouldn't be surprised to see ES limit up on monday morning.
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