ES Journal Archive (2009 - 2010)

[flatron]

Quote from flatron:

looks alot lke they want to fly up over the coming months. Dont want to chase it here, so will wait for a pullback to get into it (probably around 1105) but like i said before, probably not gonna be posting live trades for a while after my last load of trades. Leave it to someone else, lol

1105 indeed

 

[tomahawk]

What a difference a year makes. Last year the day before T-giving the RTH range was 50.00.

 

[saliva]

Have you also noticed that for the last two weeks the majority of actions occurred in the AH and the first 30-minutes after the open? The rest of the day is just a slutfest of much ado about nothing.

 

[JSSPMK]

Bearish as hell so far, I guess stocks will just keep on rising steadily with minimum pullbacks.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2651624>

 

[ES.Dreamer]

Quote from JSSPMK:

Bearish as hell so far, I guess stocks will just keep on rising steadily with minimum pullbacks.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2651624>

That's not bearish, that's bullish, now you got to find out why.

ESD

 

[tomahawk]

Quote from saliva:

Have you also noticed that for the last two weeks the majority of actions occurred in the AH and the first 30-minutes after the open? The rest of the day is just a slutfest of much ado about nothing.

Absolutely. You pretty much have to get it right early or the day's a waste.

 

[saliva]

Quote from ES.Dreamer:

That's not bearish, that's bullish, now you got to find out why.

ESD

But you haven't given us why it isn't bearish either.

What I am looking out for is the day when the dollar and the stock market move in tandem. For example, I envisage the two rallying together. That would be the day when I will sell my wife and children to go all out short ES.

 

[Kovacs]

Quote from tomahawk:

Absolutely. You pretty much have to get it right early or the day's a waste.

For the faster money I agree.

But there's at least one 3-point grinder in the afternoon. Granted--it's crappy having to hold a trade as it meanders its way to the next level across an hour or more, but it's what we're working with now.

 

[ES.Dreamer]

Quote from saliva:

But you haven't given us why it isn't bearish either.

What I am looking out for is the day when the dollar and the stock market move in tandem. For example, I envisage the two rallying together. That would be the day when I will sell my wife and children to go all out short ES.

Doing so would reveal a trading edge, and that it's not going to happen.

Take today's close and hold long until the end of next week, then you decide how profitable the trade was.

As far as stop, 2% below today's low should be enough but mostly not needed.

ESD

 

[JSSPMK]

Quote from ES.Dreamer:

Doing so would reveal a trading edge, and that it's not going to happen.

Take today's close and hold long until the end of next week, then you decide how profitable the trade was.

As far as stop, 2% below today's low should be enough but mostly not needed.

ESD

Right, so your 2% stop would be 72.785, which is 1.979 above March 2008 Lo.

So what you are saying is that you know what only few people on this planet may know. Don't get me wrong, I was looking for a bottom myself not so long ago, but it just keeps going through support levels. The FED said that they won't support USD until critical levels, which, ImPO, is at least March 2008 Lo

P.S. Also, you've commented on previous chart that was Monthly chart, you say it is not bearish, but bullish. So why would you only hold till end of next week. Surely, if a Monthly chart looks bullish there is more in the kitty, no?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2651714>