ES Journal Archive (2006 - 2008)

[Spectre2007]

vectors

 

[JSSPMK]

S1248 off 1 25% position, s~2, h/s+10

-2

re-entered 50%position

Scaled out 1/2 +3.25

1/2 b/e

 

[Spectre2007]

1225-75 zone..

 

[startraitor]

Completely agree and illustrave of said imbalances. Very similar to 1992. Now, like then, the market will respond.

Quote from rodmike9:

The "market" is well aware of the $3.5 trillion. Take a look at the eur/usd. There is a reason "US money market funds stand at near all time highs."

 

[Spooz Top]

Quote from gwac:

If I can make one comment. Everyone is expecting some sort of capitulation. You may not get it since everyone is looking for the same thing. This has been a very orderly decline and that may continue, slow grinddown.


To add we have gone down 200 points and no panic.

agreed on the slow,methodical selling......capitulation selling are for bottoms being made....& i don`t see that taking place anytime soon.

BTW,my prediction here on the economy last year ,in July `07 is right on course for the Stagflation effect....zero growth,inflation crushing the middle class,banks tightning lending,restricted money supply,phony war........repeat of the miserable `70`s.

 

[hobber123]

before stepping to the es I am keeping risk low buy trading intraday small shares of qqqq's. I started strong but now..... should this be the same, more, less difficult than other indices. I seemed to get chopped up. No real risk but having trouble picking directions with any consistency
is it me? appreciate any comments TY

 

[Lawrence Chan]

Quote from Lawrence Chan:

Think about the huge 20 pts swings intraday in Aug last year.

Everything got magnified at least 5 times!

There we go, 20 pts swings multiple times today.

And summer has just started ...

 

[Lawrence Chan]

Quote from hobber123:

before stepping to the es I am keeping risk low buy trading intraday small shares of qqqq's. I started strong but now..... should this be the same, more, less difficult than other indices. I seemed to get chopped up. No real risk but having trouble picking directions with any consistency
is it me? appreciate any comments TY

If your intention is to trade ES eventually, then you should trade SPY.

To reduce leverage, try a very small # of shares. e.g. 10.

You need a brokerage with very low commission to do it though.

 

[smilingsynic]

Quote from Lawrence Chan:

If your intention is to trade ES eventually, then you should trade SPY.

To reduce leverage, try a very small # of shares. e.g. 10.

You need a brokerage with very low commission to do it though.

And a good tax accountant. Trading etfs entangles trader in wash sale rules, unlike futures, which is mtm.

 

[princessa]

Quote from hobber123:

before stepping to the es I am keeping risk low buy trading intraday small shares of qqqq's. I started strong but now..... should this be the same, more, less difficult than other indices. I seemed to get chopped up. No real risk but having trouble picking directions with any consistency
is it me? appreciate any comments TY

don't feel bad. it's really hard to trade es profitably consistently. chop chop chop is the rule, not the exception. wide whipsaws, etc. not terribly trendy. i have heard that it is easier to trade the nasdaq and dow futures. i have traded the er (russell) and believe me, that one is not for the faint of heart. worse than es for whipsaws by far.


might want to try dow or nas futures. not as many dollars per contract, but slower and more predictable.

or if etf's are better for you, you can do spy, sso, or sds. sso is double up spooz. sds is double down spooz.

good luck!