ES Journal Archive (2009 - 2010)

[schizo]

Quote from inks2002:

I see r10 mentioned a lot here, is there a link to a posting that in some way describes it?

R10 = Rule of 10

It simply means there will be a 10 point move to and from the last major pivot before exhausting itself. So if the prior support was at 45, you'll see a potential move up to 55. It could be used to measure the target as well. For instance, we're now trading at 54 and the morning low is 44. Well, that's 10 points right there.

Somewhat idiotic a concept but you would be amazed how many idiots actually run this market. Seriously.

 

[NoDoji]

Quote from oraclewizard77:

I was right on both CL and ES, but on ES my trades hit target and on CL they 1st hit their stops before hitting targets. So actually down for the day, I think I will have to stop trading CL again due to them running my stops and not wanting to have big stops to prevent this issue.

OW, it was just that kind of day. Full moon pending

 

[startraitor]

I would like to call it with you. That pa from July 7th is going to be choppy to get through first time here.

Quote from schizo:

Where's that bull horn? TIMB.....uhm....err!

Just where is startraitor, our resident Mr. Timberrrr, when I need him??

 

[kinggyppo]

spy daily with pivots buying at or under s2 is usually a good trade,
if you look at the first box you see had to take some heat, you could use the opposite if you are looking to short at r2, etc.

 

[schizo]

Quote from startraitor:

I would like to call it with you. That pa from July 7th is going to be choppy to get through first timel here.

Well, this will be the second attempt. But you're prolly right. We'll see the bears retreating back up to 1040-ish before embarking on another onslaught.

Here's a hint: draw that damn TL between 666 and July 6th.

 

[schizo]

Quote from schizo:

Let me try this again

short 56.75

Out 55.75

 

[W4rl0ck]

Seems like the Bernanke put still comes in a Dow 10k.

 

[schizo]

Short 55.25

 

[schizo]

Bulls are getting devoured now. Geez, what gives?

New Home Sales number comes out tomorrow. It wouldn't be very hard to ascertain how bad it will be following today's worst than expected Existing Home Sales figure.

 

[pokito]

wow...just heard some guest make a call - dow 5000 in 2/3 years
....this is scary !