ES Journal Archive (2009 - 2010)

Decel · Jan 2, 2009

I soooo want to short right now, but markets are irrational. I think I'll load up on some SDS if this keeps up.

Lawrence Chan · Jan 2, 2009

All short term long side targets reached.

Not the normal ADU for sure as we are making new high into 11:00.

Decel · Jan 2, 2009

Short 913.25...

ammo · Jan 2, 2009

with ya decel,sh 913,add 12

temporary · Jan 2, 2009

hm... would rather wait and watch than short. shorting strong trend days is a recipe for disaster, been there done that.

DAX is up 3 percent china ended up 4.4 percent higher

Zodiac4u · Jan 2, 2009

Quote from temporary:

hm... would rather wait and watch than short. shorting strong trend days is a recipe for disaster, been there done that.

DAX is up 3 percent china ended up 4.4 percent higher

There is nothing wrong with shorting strong trending markets as long as you are shorting the extreme levels and you are using tight stops.

temporary · Jan 2, 2009

agreed, but your odds are on the long siide in that case

Lawrence Chan · Jan 2, 2009

$TICK bounce up from +600 !!!

ammo · Jan 2, 2009

temp you are right,spu's have a 4 pt range for last 30 minutes, 911-15,we've hit congestion,but we could go higher,

Decel · Jan 2, 2009

Seeing short-term RSI divergences on ES, NQ, and YM, and NQ hasn't printed a new high.

But grossly, I'm just answering my urges, with a bad entry it seems...