ES Journal Archive (2006 - 2008)

[trader_arb]

Quote from volente_00:

Word on the street is the boyz are coming for the shorts.


A hold of ~52 is at that it needed to get the party started.

rule of 48 coming to an s&p index near you

now theres a couple ways we can do this; slow grind up/volatility contraction or a short slaughtering holiday of +3%.

 

[JSSPMK]

Quote from vertigo3:

pleading ignorance here, JSS.
what's an "opps," or was that supposed to be "pops?"

Excellent call on 3 min histo. Pattern very similar (not the histo, just the PA) to range expansion between 10 and 10:30.

thanks for your posts. I mean it.
Clearly stated, and inclusion of the technical reason for the trade.
and in just a sentence.

Your posts are a textbook in trading the histo.

thanks.

TY! opps=opportunities appreciate feedback, that's what this is all about give & take

 

[JSSPMK]

Quote from captcontrary:

i'm not particularly well-versed in reading the histo/rsi/stochs for divergence. am i seeing the makings of a bearish divergence correctly on the 5 and 15 min?

edit: just paper trading, but i got scared out of a long off the 15 earlier and i don't trust it enough to jump back in. looking for a short entry and trying to learn a bit.

kind of, it's a matter of distinguishing good from not so good

 

[JSSPMK]

Quote from Lawrence Chan:

Significant buy div across multiple timeframes resulting in only 12 pts or so bounce is not bullish.

I agree, especially so when looking on daily chart's histo, bull pattern caved in last week. So ImPO divergencies on 240 & < will provide unsustainable upside opportunities. Daily has to concur. Divergencies on shorter term charts either progress into a larger term one or end cycle on short term chart as longer ones are not in agreement.

 

[jagmot]

Quote from fearless9:

Just a thought, chew it over or dump it.
You were shorting over an RTH OPEN that has shown four support hits so far this morning and you were hoping to trade straight through it.

slim odds

regards
f9

Yesterday's open is now huge resistance, nice call f9. Once it broke, huge downside. Third test and you can see the selling is drying up quicker on a 5 min chart. Also Dow is leading us up for the day. If we break to the upside here are we going to see a lot of buying? I'm in there right now for my first target sell at 1366.25, but we will see.

RSI is still pretty strong on most of the charts

 

[JSSPMK]

Short 1363.25 off 1, stop near HOD, hard stop +10

Reason: we are Hi & small triple D on 1

Scaled out 2/3 +1.75

 

[OldTrader]

Sold a small ES position at 1364.00. Initial stop 1379.00. May add to it if we rally more here.

OldTrader

 

[princessa]

Quote from Lawrence Chan:

B1S2,

A question pop into my mind - why do you choose to trade ES over SPY, which, in some way, give you almost exact control of the size based on your %risk method?

e.g. 10 ES at 6 pts stop is approx. 10 x 50 = 500 shares of SPY

better tax advantages on futures....

 

[ammo]

yesterdays nip on mp is 1365-66.market looks strong here but unable to break this res

 

[captcontrary]

Quote from JSSPMK:

I agree, especially so when looking on daily chart's histo, bull pattern caved in last week. So ImPO divergencies on 240 & < will provide unsustainable upside opportunities. Daily has to concur. Divergencies on shorter term charts either progress into a larger term one or end cycle on short term chart as longer ones are not in agreement.

that makes plenty of sense. trickle-down should apply to determine the degree of strength for any directional indication. thanks, good trading to you.