ES Journal Archive (2009 - 2010)

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Quote from BA_Trader:

Not yet... at the very least see what FOMC brings.
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They will not raise rates. They will say there's recovery but lower rate is still needed to help avoid a double dip. Though the consumer looks weak, they still believe the chances of a double dip is very remote. In other words, please keep buying
 
Quote from Eko_Trader:

They will not raise rates. They will say there's recovery but lower rate is still needed to help avoid a double dip. Though the consumer looks weak, they still believe the chances of a double dip is very remote. In other words, please keep buying
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In another word, nothing new. I believe traders have already discounted what's to come out tomorrow from Bernanke & Co as nonevent. There isn't anything Bernanke can do in light of what's happening elsewhere in the world. Moreover, printing money ain't working as he once thought. Not to mention that the public uproar over counterfeiting (which is exactly what it is) is only getting louder.

All things considered, if Bernanke can no longer hand out free candies to Wall Street as he used to, you can expect to hear one thing from me:

TIMBERRRRRRR!!!! :D
 
Let me see......I established todays parameters as 1110.50. A break would be a longer and larger position short targetting 1080'. exact target was upon entering 80's and seeing what price would do.

easy day with another half dozen decent scalps and should have been a relatively calm day.

Well let me see what I really did today..............

Second guess and abandon a quality setup.

Chase the setup to a half tick prior to reversal.

Overtrade

Revenge trade

Calling tops

Calling bottoms

"feeling" the late day rally coming (which has burned more than once, hehe) only to see that remain a phantom.

Wow. I get the "meathead of the day" award from any vantage point.

Think I'll drift away with brother Joe Bonamassa and regroup for tomorrow.

:(
 
Glad to hear the old battle cry back and the downside action. If we can break 1080 area again, we are golden to 1000- on the downside, I would prefer 900- for an old fashioned summer beatdown like we haven't seen since 1998, or 2007-2008. Problem is this time there are nothing left to prop it up.



Quote from schizo:

In another word, nothing new. I believe traders have already discounted what's to come out tomorrow from Bernanke & Co as nonevent. There isn't anything Bernanke can do in light of what's happening elsewhere in the world. Moreover, printing money ain't working as he once thought. Not to mention that the public uproar over counterfeiting (which is exactly what it is) is only getting louder.

All things considered, if Bernanke can no longer hand out free candies to Wall Street as he used to, you can expect to hear one thing from me:

TIMBERRRRRRR!!!! :D
More...
 
Quote from startraitor:

Glad to hear the old battle cry back and the downside action. If we can break 1080 area again, we are golden to 1000- on the downside, I would prefer 900- for an old fashioned summer beatdown like we haven't seen since 1998, or 2007-2008. Problem is this time there are nothing left to prop it up.
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That would be nice. But my broken crystal ball ain't so pessimistic this time around. It sez this is just the beginning of a summer doldrum. That is, we'll most likely be rangebound all summer long.
 
I happen to of taken possession of a crystal ball myself. Seems to be intact and working fine for now.

Quote from schizo:

That would be nice. But my broken crystal ball ain't so pessimistic this time around. It sez this is just the beginning of a summer doldrum. That is, we'll most likely be rangebound all summer long.
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that was a beautiful mindfuck ... i'd like to see another probe into the 6/10 congestion area, but the forces are aligned for a silly blast-off ...
 
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