ES Journal Archive (2006 - 2008)

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Quote from romik:

I sincerely hope you're right bro

Trading is simple, we make it complicated. Stop & look at this chart, what do you see? Just stand back & look at it. No need to daytrade, as Ishmael has said in the past - position sizing is very important!!!!! Stay with monthly chart with appropriate position sizing & proper stop management & you will be a winner, you just can't lose.

B1S2 is THE MAN!!!!

I have no positions at the moment
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once a sell signal ensues, calculate how close the price approaches the specific moving average before it resumes its trend, then you have the noise/expected range or safe place for a retracement short position with the trend. This way you will minimize positional drawdown.

trendfollowers will kill this market.

:)
 
take a look at the VIX/ 10 year note charts/30 year bond charts going back to 1960's for the 10 year note...

the bond boys are looking to hit the biggest stop loss of all time in the credit markets, and in order to do this, the VIX is in a bull wedge, and bonds will hit historical lows on the yield triggering a mass exodus. This will be the sign of capitulation.
 
Quote from Spectre2007:

I'm expecting back to back limit down days in the sp futures. My gut feel...

http://www.cme.com/trading/files/EquityIndexPriceLimitGuide.pdf

Chris
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in agreement.........we are heavy & this vol indicates a massive move, with so many newer market participants never experiencing a locked limit market.......late `90`s spx/es were a 32 points south were a locked limit....now looking at 70 point decline.....a move of historical proportions are very realistic at this point & feels imminent.
 
Quote from Spooz Top:

in agreement.........we are heavy & this vol indicates a massive move, with so many newer market participants never experiencing a locked limit market.......late `90`s spx/es were a 32 points south were a locked limit....now looking at 70 point decline.....a move of historical proportions are very realistic at this point & feels imminent.
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According to the moving average on my chart the shit will really start hitting the fan when we get a month's closure pushing moving average into the red territory.

IF YOU HAVE DA MONEY & DA BRAINS OF A HIP-HOP ASTIST:

If you're interested in what setting my moving average is set to I can let you know for a fee, say $60,000, interested parties please PM. I will of course split it 3 ways, 20k to me, 20k to Ishmael & 20k to a "help out a broke broker ' charity
 
Quote from volente_00:

yo TM


$


:)
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hehe, thats nice to wake up to. I think there is a good chance they'll retest in RTH just so the charts look pretty so I'm closing out 1/2 here 1305 for +15.25. 4:1 R/R on that trade. Stop on the last 1 at 86.25 still and looking for 1335.

Like Spooz and romik are saying I think theres the good possibility for another drive down too, but not until we go higher. at least 1340 retest, maybe 1365... we need more fuel for the fire.

:edit: by retest, I mean test the 87-91 level again which would still be a good trade.
 
Quote from Pholeuon:

It looks to me during last months that market is killing trendfollowers.
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You're 100% wrong, one day you will wake up & realize how wrong your statement was. Real trendfollowers are not being killed, they take profits and get ready to either continue or change their minds.
 
If something is going to be done, it can very well be today,

- long weekend
- currencies not stable at all after wed
- printing a tomb stone bar on the weekly can be easy

Edit: That being said, we have RTH 15-min, 30-min, etc. oversold.
 
hoping for a few points drop so that I can try a long at around 1294 on the SPX.

Been loving this weeks action. Manged over 30 points so far this week all in posted real time trades, and I know a few of you guys have had similar results.

Good stuff.
 
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