ES Journal Archive (2009 - 2010)

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Quote from kinggyppo:

I think that when the last seller has sold you are going to see a moonshot
up, remembers the same powers that took the mkt to 1200+ are still around.
Oh to be a long only fund mgr, 2 and 20 please, need to rehab that Hampton summer home. :p

I think we see a triple bottom on the daily ES... then a spirited rally trying to take out the 52 week highs.

For me not really a big deal - I'm directionally oriented not price level oriented.
 
Quote from Eko_Trader:

Are you seeing any volatility to the downside?

I'll assume you have a point? We saw 13 points in 30 minutes from 10:00 to 10:30. So now we go up at 10% stat vol and down at 100%? If so, I wouldn't want to be short at 92.00.
 
Quote from atticus:

ok, but we just rallied nearly 15 from those comments.

Its all good. All this is just fat at this point. It will get cut off soon enough. And if it doesn't my buttons work both ways.

I am very comfortable with reading price action. It will show you exact places to enter and it will show set ups forming up but price still needs to "signal" me to actually enter a trade.

When I have a signal that sells "sell" I will. I have watched the market set up like this before.

When I put an trade up in this forum it will have an entry, exit and stop before hand. Everything else is just commentary.
 
Quote from atticus:

I'll assume you have a point? We saw 13 points in 30 minutes from 10:00 to 10:30. So now we go up at 10% stat vol and down at 100%? If so, I wouldn't want to be short at 92.00.

Here's my point. The momentum is up. Every pretty lil target on the upside is being tagged. If you're playing a counter trend short, you may wanna keep those stops tight unless you see a volume-backed reversal bar. On that front, I can see why emg is cautious of the volatility to the downside since he's playing a short position
 
Quote from Eko_Trader:

Here's my point. The momentum is up. Every pretty lil target on the upside is being tagged. If you're playing a counter trend short, you may wanna keep those stops tight unless you see a volume-backed reversal bar. On that front, I can see why emg is cautious of the volatility to the downside since he's playing a short position

Another apologist. OK, well, he's stated that today was special so he'd take *2* point stops. Now that vol has traded nil he's at 1. I can't imagine what stop would be prudent in a 20% vol environment.

Hey guys, it's 50 vol and we just dropped 7 points.
 
Quote from atticus:

Another apologist. OK, well, he's stated that today was special so he'd take *2* point stops. Now that vol has traded nil he's at 1. I can't imagine what stop would be prudent in a 20% vol environment.

Hey guys, it's 50 vol and we just dropped 7 points.

My bad for responding to you. Just post your trade and get back to work.
 
Quote from Eko_Trader:

My bad for responding to you. Just post your trade and get back to work.

I am in a trade, and I think he's above the age of consent, so you may be in luck.
 
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