ES Journal Archive (2009 - 2010)

[Pekelo]

A note about yesterday. Here is how I look at it. I could call it "shifted" SDD, because that drop around 12:30 went out of the BB uncharacteristicly, but then it kept sidewaying on a lower level. Then on cue at 2 pm, down we went:

 

[paul_alan]

Quote from saliva:

Any bears here want to join me? Short 811.75

that trade is free money....enjoy it

 

[Nagelis]

Quote from opt789:

Or the Yen; the 6J has moved the equivalent of 100 ES points today.

Currencies are just a derivative from what happens in ES.

I can tell you all ccy traders watch the ES these days. Myself included.

 

[saliva]

Quote from saliva:

Any bears here want to join me? Short 811.75

Stopped out at B/E. Somewhat of a lazy trade. Should have taken my profit when I had it.

 

[riskymove]

Still holding the long, would like to see yen reverse the intraday move and the SKF drop below 180 to feel a little better.

The FXY was about 20 cents from putting in a Double top on the daily. Would also seem bullish over a longer term time frame if it can reverse the move it made earlier today.

 

[Pekelo]

Quote from Lawrence Chan:

ADU is a time line.
Thus from 11:30 to 12:00 formed a top and then selling to abyss by 1:00 pm is still ADU

Hey, somebody is doing his homework! Except the midday top is expected between 12-12:30, just like now...

 

[Jahajee]

Quote from opt789:

Or the Yen; the 6J has moved the equivalent of 100 ES points today.

Yeah, good range 0.01138 high and 0.011122 low
up 227 ( JYH9 contract)


Brit Pound has been smashed down.

 

[Lawrence Chan]

Quote from Pekelo:

Hey, somebody is doing his homework! Except the midday top is expected between 12-12:30, just like now...

Thanks. Right on time!

 

[Jahajee]

Quote from saliva:

Stopped out at B/E. Somewhat of a lazy trade. Should have taken my profit when I had it.

That BIG RED candle in the hourly looks formidable - it encompasses almost all ES action since 1pm yesterday

It represents lines in the sand - breakout above and below top and bottom would indicate future movement.

See attached.

 

[opt789]

Quote from Jahajee:

Yeah, good range 0.01138 high and 0.011122 low
up 227 ( JYH9 contract)

Not to go off topic of ES but it is lunchtime.
From the 10am high 820.50 to the 11am low of 800.50 you could have made a maximum of $1000 per contract.
During that same time 1 Yen contract (which has a lower margin requirement) went from 11101 to 11496 and would have made you $4937.