ES Journal Archive (2006 - 2008)

volente_00 · Mar 20, 2008

booyah

I think many shorts careers just ended

WHITEGAURD

Spooz Top · Mar 20, 2008

i would`nt mind a thrust to 19/19.50 here.......

candles · Mar 20, 2008

Not posting any more trades today.

I'd expect a rally of about 10 points from these levels (1307 spx) to re-short from though and have limits in should it get there.

wave · Mar 20, 2008

They are settting this up for another big leg down.

wave · Mar 20, 2008

They can't hide intentions.

maxni · Mar 20, 2008

Quote from Buy1Sell2:

This is in order to avoid the silly JPY/USD North Korean Nuclear Scare 5 minute move a couple of years ago.

Buy1Sell2:

Can you briefly describe what happened to USD/JPY during that incident?

Thanks.

wave · Mar 20, 2008

They just cut Google forecasts. Google is going to plunge now. All these weeks they were floating/holding price up.

dmartin · Mar 20, 2008

Quote from Buy1Sell2:

Still remaining short here. There's just isn't anything else to do right now. The market attempted the move above above 1343 yesterday but could only manage 3 ticks (at least so far). So, here I sit just waiting like the last few weeks. Thanks for the kind comments Romy.

So you really had no premise for a stop at 1343. It was above 1343 and therefore, no one really knows where it is including you. Your at work so the market could go to 1370 and you lose another 27 points. As stated before, just show your basic account information which would show "average price" in the ES and we could put this to rest. But for some reason, I don't think you will show that account information. Why, you know why!

Let The Good Times Roll

smilingsynic · Mar 20, 2008

Pivot touched.

Spectre2007 · Mar 20, 2008

Quote from dmartin:

So you really had no premise for a stop at 1343. It was above 1343 and therefore, no one really knows where it is including you. Your at work so the market could go to 1370 and you lose another 27 points. As stated before, just show your basic account information which would show "average price" in the ES and we could put this to rest. But for some reason, I don't think you will show that account information. Why, you know why!

Let The Good Times Roll

this kind of post is not needed..if your premise is to illustrate the need for stops for underfunded overleveraged accounts then sure, its worthwhile to be critical of such persons, but when your trading underleveraged overfunded, you really don't need stops as long as your trend analysis is correct.

edit: the trend analysis is a stop in itself.