ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

12-02-08 08:56 AM

11-26-08 09:24 AM

11-25-08 08:38 AM

11-24-08 07:07 AM

11-20-08 08:31 AM

Short one contract at 795.00

Initial stop 1075.00
Maintaining the stop here at 1075.00
Maintaining the stop here at 1075.00
Adding an additional 19 at 869.75 with the stop also at 1075.00
Total of 20 contracts short.
--Stop remains at 1075.00--I will be keeping this position small at 20 contracts due to the fact that I sold into an oversold market and must keep my stop outside of the noise. There could be quite a bit of noise with the bullish divergence on daily. The weekly and monthly remain strongly down.--
--Bought back Dec at 823.25 and sold into March at 822.00 (20 contracts). Stop will remain at 1075.00--
--Maintaining stop at 1075.00 on this trade--
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You must be a very rich man with 20 contracts and already losing over 100 points on 1 contract and 19 contracts losing 40 points per contract. What is a large position for you? What in the world would it take you to change you stop from 1075 to something perhaps lower? Or is the 1075 the magic stop?

DMartin
 
I think Buy1Sell2 has me on ignore. I would do the same thing. The amount of money he has lost and continues to lose is sad indeed. Particularly when he does such a disservice to any traders just beginning. If you want to lose money and lots of it follow his advice.

DMartin
 
The rally was a bit weak comparing to other fed rate cuts ... thought we were going to take out the 910-920 region decisively.

Hate that we are still trading inside this range. :)
 
Quote from Pekelo:

I have just noticed, there is a 2 days island reversal with the Friday downgap and today's upgap. Not very good sign for bears.
My earlier comparison with the 5 mins chart a few days ago is still in play....
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Pek, you mind posting where the daily top band is right now?

Thanks.

p.s. I wonder if this kind of back and forth movement is contracting the b.band significantly.
 
I remain short here. Quick reminder: 80 percent of my portfolio is outside of my futures trading account. Many will recall that I sold all equities in late 2007 after being long in the run up since the last recession. I have been dollar cost averaging back into equities and now have a 4/96 allocation equity/cash. One further quick note: Never risk more than 2 percent of TLNW on any one trade/idea. Good trading to all:)
 
connect 11/04 and 12/10 and 12/11 tops in dail spy and the tl is 90-90.3, is it possible that this is a blip,people got caught short and had to cover? on a monthly starting in sept,the tl comes in at 886,yesterdays res til the # came out
 
long here at 99, adding 94-95 big stop under 84, 1st target 920.

did not account for previous runup from Friday's low when calculating the downdrift last night.
 
Quote from Lawrence Chan:

Pek, you mind posting where the daily top band is right now?
p.s. I wonder if this kind of back and forth movement is contracting the b.band significantly.
More...

It is around 938, but instead of contracting, yesterday's big candle started to push the upper BB higher, what is expected if we go higher...

Here is the 5 mins chart that I used for comparison/prediction, we are at the big candle that is in the circle:

2e379sj.png


Although we did dip below the SMA once on closing base so the comparison wasn't that perfect, this chart still seems to be followed...
 
Foreign investment (short term ones) will pull out of USD based assets based on the melt down of USD.

It used to take a week to two before the reaction is felt on US stocks, not sure what would happen this time.
 
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