ES Journal Archive (2006 - 2008)

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Quote from BoyBrutus:

I'm just not feeling the panic and volume at this 1200 level. Not attempting any counter trend trades.

Exactly.... WAAYYYY too much complacency that daddy will (or has) make every thing alright.

Last trade of the day

S @1214 x1
Stop @1217.50
No specific target, flat before 4pm EST one way or another.

EDIT: Stop @1213.50
EDIT: stopped. scratch, flat, and done
 
Quote from pulsescan:

I told you it would be fast and furious. I wanted to buy in at 1204 but I wanted to wait until it first hit 1201 1200 and relaxed a bit.
I didn't want to get long and get dragged down with the market. there is just too much panic right now.
I hope you're a scalper because, unfortunately, that "fast and furious" buying frenzy ain't sticking.
 
Quote from wave:

The push to prevent 1200 break on Sept contract tells you something. Some big Gorilla is trying hard to prevent the break.

As what we have seen so far ... news after close again?

Sigh ...
 
Quote from wave:

The push to prevent 1200 break on Sept contract tells you something. Some big Gorilla is trying hard to prevent the break.

if you take a quick peak at the market depth on Globex you will see thousands of orders on both sides on that one. Bid/Ask was LOADED TO THE NINES. I think it was just some quick profit taking via stops just under the 1203.25 handle. IMHO:cool:
 
Fed has asked goldman to give aig a loan, tell me someone did not know this and was accumating down at 1200....


Quote from pulsescan:

if you take a quick peak at the market depth on Globex you will see thousands of orders on both sides on that one. Bid/Ask was LOADED TO THE NINES. I think it was just some quick profit taking via stops just under the 1203.25 handle. IMHO:cool:
 
Quote from saliva:

I hope you're a scalper because, unfortunately, that "fast and furious" buying frenzy ain't sticking.

Nah,

but i do like to examine both sides of the trade to get a feel for whats beyond the door in the Globex que. I don't scalp. I daytrade and swing trade. I admit. I just didn't have the balls for this one. I don't like uncertanty. I like a sure thing. for me its better to stick with me trading plan then to chase the market.
 
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