ES Journal Archive (2006 - 2008)

[princessa]

Quote from Lawrence Chan:

.

Eventually, trading will just reappear in other form and getting even less taxable by the governments.

which would be just great, imho.

of course, ever the devil's advocate, i can see the other side: not fair to those who have greater need, or who are working hard and paying all the taxes traders aren't, blah, blah, blah....

i tell you what, though, if trading did go the way of less taxation, it would just encourage more folks to become traders, which would be great for the big boys, because then they'd have even more small trader dollars to gobble up....

 

[ammo]

Long 46.5, usd/jpy not cracking, bond dipping, 41 stop, out 45

 

[Pekelo]

Quote from Pekelo:

The pattern anticipates a bounce from there but it doesn't say how big.

Today's dragon posted above was an excellent example for this. Sometimes we get a full blown rally from the 3rd bottom, or just like today a bounce which was only half of the height of the W. There is simply no way of telling or at least I couldn't find a way....

That's why I said earlier that the dragon pattern of the daily chart is played out....

 

[sttrader]

740 buy for a swing trade looks like a good trade if anyone got in. Wide stop.

 

[sttrader]

Might look suicidal the way things have been past sessions but then again, reward might be worth it due to the lows that were broken (11 yr lows).

 

[Jahajee]

Added :


BOT 20 DEC XLF 9 CALLS @ 1.29


S1 at 722 likely to be hit today before any rally
739 is weaker support

 

[ammo]

jan ,oct lows on monthly tl had support at 775,

 

[osorico]

Quote from osorico:

Abolished? No way.
Raising the fence around the TRADING playground, extremely likely. It's already happening in futures.

The new improved rules, regs, and laws will begin when/if/as CME is approved for clearing OTC derivatives.

JMHO
Osorico [ Anyone have a grandfather in the futures business? ]

EDIT: It took me a few minutes to find, but along these lines, here's a previous article with some examples of what rules/regs/laws will be coming our way.
http://www.suntimes.com/business/roeder/1243213,curious-102608.article

I know it's off-topic but there is an interesting mention in this article as to things to come...
http://money.cnn.com/news/newsfeeds/articles/djf500/200811201733DOWJONESDJONLINE000892_FORTUNE5.htm
Harkin's new bill, dubbed the Derivatives Trading Integrity Act, would eliminate the distinctions in the law between excluded and exempt commodities, treating them all the same.

This is the stuff that will put retail trading at risk.

 

[Spooz Top]

i just found BlackGuard/Regal.............


http://www.webstockpro.com/Photodisc2/56678247.Portrait-of-a-mid-adult-man-Photo/

 

[startraitor]

some unitended downtime here, took a hit on last long7 pts, long now 53, target target 69+ stop 45