ES Journal Archive (2006 - 2008)

[Lawrence Chan]

If we close below 1385, the uptrend would be completely broken.

 

[trader_arb]

Quote from volente_00:

There is also no correlation between spy options and trading ranges either.

Yesterday: oil up big, market up big
Today: oil up big, market down big

 

[gobar]

Quote from trader_arb:

Yesterday: oil up big, market up big
Today: oil up big, market down big

if oil goes down $1 today look for 300 + point drop...

 

[jagmot]

Quote from Buy1Sell2:

I will only be looking long today.

Gap and go days lately seem to trend the entire day (observation, no hard statistics).

I would wait closer to the end of the day
That is if you don't mind holding long over the weekend

 

[jagmot]

Quote from jagmot:

Ok just placed my short here at 1405.50. I plan on placing my stop at 1412. In afterhours right now, I have my catastrophic stop at 1428.

Targets 1396, 1381, and 1370.

Stop moved to 1396.
Second target waiting at 1381.25.

 

[LondonUSTrader]

Quote from trader_arb:

for those posting about this; there is NO correlation between the price of crude and the indexes- do the research (and if there was you probably couldn't profit from it anyway)

There is some support for your argument from the following article:

http://www.safehaven.com/article-2035.htm

 

[iloveoptions]

Quote from jagmot:

Stop moved to 1396.
Second target waiting at 1381.25.

Nice trading Jagmot. What is your typical size when you put a trade on?

 

[LondonUSTrader]

Very difficult day to trade IMHO. Almost straight down for 27.5 points without any decent retracement.

 

[Buy1Sell2]

Will go long on buy stop at 138775

 

[Pholeuon]

Long NQ2024,50 stop2023

Edit moved to 2025.

Stopped out.