ES Journal Archive (2006 - 2008)

[Pachoo]

There is SOME correlation between crude and equities. It is definitely not zero correlation.

 

[trader_arb]

Quote from Pachoo:

There is SOME correlation between crude and equities. It is definitely not zero correlation.

that's true, which is why I said almost. the actual numbers are between 0.1 to -0.1 over the long term. in the short term there may appear to be correlation but this will not last. also, to be useful you'd have to predict crude prices, so why not trade crude futures at that point.

 

[volente_00]

Quote from Pekelo:

, now we should fade this 10 points upmove...

Why would you want to do that ?

 

[Incognito]

Quote from volente_00:

Why would you want to do that ?

Well duh duh because of the greatest rule of all, the rule of 10!

Duh Duh Duh

Incognito

 

[Pekelo]

On the other hand overnight futures went from 1247 to 1260-61 without even stopping at 1257...

 

[pulsescan]

anyone here trading ahead of the FED?

 

[Xuanxue]

http://www.pfxglobal.com/forex-podcast/4-central-banks-set-to-announce-this-week.html

 

[Mins]

Quote from Mins:

Also, can you explain why your stop is 1 tick below the LOD. Seems to me that is a terrible idea for a stop - would it not better for it to at least a couple of points below or couple above.

If they gun for stops it is rare that it was stop on the dime without running an extra few ticks.

I hope you can shed some light on this question Buy1Sell2 - i am very curious to know the reasoning behind this stop.

Do you simply base it on purely a money management method e.g. 1% of TNW??

 

[volente_00]

Quote from Pekelo:

On the other hand overnight futures went from 1247 to 1260-61 without even stopping at 1257...

But it did stop 9.5 points over the previous high of 51.75. The 3 am reversal signal with T day behind it was only good for 14 points. Is it really that bad if you faded it early after 10 and gave 2 or 3 back ?

 

[Buy1Sell2]

Long 20 contracts 1258.50

Initial stop is 1254.00