ES Journal Archive (2009 - 2010)

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After my opinion we are on serious resistance and overbought horribly, this is not normal. If we can break it and go up to the next at 70 this one will be support.
 
Quote from wave:

Area where the MMs will start unloading long inventory and start building short inventory.
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I get that part :) I mean - how'd you come up with that figure... just a ballpark or do you use some kind of targeting?

PS - Hershey is kewl in my book. Like him or hate him... agree or disagree - the guy is tirelessly paying it forward and trying to make a difference.

If you are making some good money I hope you are giving back to your local community somehow... that's all he's ever asked (me personally) for in return.
 
Quote from Pholeuon:

After my opinion we are on serious resistance and overbought horribly, this is not normal. If we can break it and go up to the next at 70 this one will be support.
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No one DARE to push euro down to test the gap again.

i.e. no one dare to call the bluff ... yet

So a stuck situation.
 
Quote from Lawrence Chan:

Don't you guys find the price ladder and PA pretty normal today.

Given the backdrop of the financial crisis is still a developing situation, isn't it odd?
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It looks like algos trading against each other - to few sheeple to justify a shakeout or squeeze.

How do you think the algos will manage positions when the range breaks? ... like Thursday?
 
Quote from BA_Trader:

I get that part :) I mean - how'd you come up with that figure... just a ballpark or do you use some kind of targeting?

PS - Hershey is kewl in my book. Like him or hate him... agree or disagree - the guy is tirelessly paying it forward and trying to make a difference.

If you are making some good money I hope you are giving back to your local community somehow... that's all he's ever asked (me personally) for in return.
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Here's your answer ...


(p.s. I'm hoping wave is right. I'm reasonably certain he's not)
 

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Quote from Panama:

It looks like algos trading against each other - to few sheeple to justify a shakeout or squeeze.

How do you think the algos will manage positions when the range breaks? ... like Thursday?
More...

For the stupid ones made by firms not sophisticated enough - wipe out.

For the ones with real knowledge in the area, the MM bots would take an absolute equity loss after the safety guideline is breached. BUT, based on what we saw, many are taking 2x to 3x their stop losses due to the "single door to exit from a fire" problem.

The ones winning big, all of a sudden, many will choose to exit the trade too upon first encounter of support/resistance.

You will find out more when the monthly/quarter performances are reported.
 
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