ES Journal Archive (2006 - 2008)

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They enforced up close for all 3 cash indices.
What's the point this time?

This morning I thought dow would test its own low some time today, based on the daily downside momentum ...

I guess that is not allowed when it is a fed meeting day. :)
 
Quote from Anna K.:

who are they? :confused:
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Traditionally, long side firms like to print the indices green using mkt on close orders if it is not going to cost too much. Good for media and good for business.

Thus, whenever an index is very close to unchange or mildly negative, while the other ones are in positive territory, you would see a small pop by 4 pm ET.

Today, it is dow that needs a hand.
 
Quote from Lawrence Chan:

Traditionally, long side firms like to print the indices green using mkt on close orders if it is not going to cost too much. Good for media and good for business.

Thus, whenever an index is very close to unchange or mildly negative, while the other ones are in positive territory, you would see a small pop by 4 pm ET.

Today, it is dow that needs a hand.
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Interesting... I'm going to have to watch for this from now on... thanks :)
 
Quote from Pekelo:

Posting it in real time with exits : PRICELESS

You did post in real time although in a cryptic form the entry this morning, but there was no exit posted. So:

1. Did you take the 4 pts gains?
2. Did you move the SL down and got out at breakeven?
3. Were you waiting for the gapfill and got stopped out at -3 pts?

My point here is: posting entries without exits is pointless... It is the exit that determine the profit/loss not the entry.
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There were 4 signals today. The worst one produced 4 points, the best produced 20+. Holding your hand during the trade has zero benefit to you. I made somewhere between -3 and 80 points today.


:)
 
Quote from tommymoose:

Interesting... I'm going to have to watch for this from now on... thanks :)
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Welcome.

You can comfirm the behaviour from dow close to close changes.

We have significantly more marginal up closes than down closes. :)
 
Quote from volente_00:

There were 4 signals today. The worst one produced 4 points, the best produced 20+. Holding your hand during the trade has zero benefit to you. I made somewhere between -3 and 80 points today.


:)
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My guess is closer to -3

:)
 
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