ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Well, the after announcement fluctuation didn't go the way I expected, although we did continue the trend of the day. What was interesting that it never went below the 880 level, just took off with a few pullbacks. Now the daily chart looks bullish again....
I have just noticed this journal, pretty good, he was long all day:
http://elitetrader.com/vb/showthread.php?s=&postid=2224227#post2224227
I have just noticed this journal, pretty good, he was long all day:
http://elitetrader.com/vb/showthread.php?s=&postid=2224227#post2224227
It has been ignored for some time now as both the US and Japanese markets rallied as the usd/jpy moved lower and lower. One explanation is that those people using the pair to borrow cheap money to buy assets stopped that practice and unwound their positions awhile ago and the movement in the pair no longer corresponds to stock prices. Another thing to note is that some postulate that a fear trade of buying US dollars is now being unwound so they are selling dollars and going into other assets.Quote from Lawrence Chan:
The drop in usd/jpy is completely ignored ...
With all facets of the government stating publicly that they will print as many dollars as is necessary to help the economy and asset prices, the rally we have had makes sense as does the drop in the dollar. It would appear that this is just another misguided bear market rally, but you can never tell until after it plays out. Personally I hope these government interventions do not work as they hope, because if they do it will prove to them that the free markets do not work and government interference does.
Played the SSO instead of the future today, made a buck, but only half as much as I could have made 
Pekelo, is the general rule of shorting an ADU on close still apply? Or are there too many possible issues? (automotive deal, santa rally, light volume).
Was thinking of shorting the 913-914s, but damn I don't like the idea of shorting when so many of you are bullish...
And last triple-witching was brutal
Hmmm....
Edit: Star, are you still long and gunning for that 920?
Pekelo, is the general rule of shorting an ADU on close still apply? Or are there too many possible issues? (automotive deal, santa rally, light volume).
Was thinking of shorting the 913-914s, but damn I don't like the idea of shorting when so many of you are bullish...
And last triple-witching was brutal
Hmmm....
Edit: Star, are you still long and gunning for that 920?
There is no such rule, that only exists with going long after an SDD. The only thing we can say after an ADU that the next day we will reach today's high, but this is not much help since we closed at the HOD. This only helps when we drop a bit in the last 15 or so minutes.
Actually, there have been back to back ADUs a few times (usually in bull markets), so going long automaticly is dangerous...
anyone who believes a legitimate trader has 30 contracts with a 200 pt stop like buy-sell claims needs there head examined. he's a liar and paper trader. just think about the horror he went threw shorting from 2003-2007. nobody could survive long trading like buy-sell
Spy made it by spx lagged.
http://finance.yahoo.com/q/bc?s=SPY&t=1d&l=on&z=m&q=l&c=
High probability we return to 885 min between now and monday.
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