ES Journal Archive (2009 - 2010)

[Mr. Miyagi]

short 43.5

 

[JSSPMK]

Quote from BSAM:

Don't hope/Don't predict.

With QE2 nearing buying dips & pullbacks makes a lot of sense. Prediction is part of the game

 

[inks2002]

Quote from Pekelo:

People with better eyes noticed that today is also the gekko pattern. My guess is that in the last hour we will break out upward from the BBs...

I have googled this and cannot come across what the gekko pattern is, could you point me to a link?

 

[BSAM]

Quote from JSSPMK:

With QE2 nearing buying dips & pullbacks makes a lot of sense. Prediction is part of the game

I'm looking at it from this angle for day trading:

Don't hope/Don't predict/React

Are you saying that you would not execute a short under current market conditions?

 

[Mr. Miyagi]

Quote from Mr. Miyagi:

short 43.5

1/3 out 42.25,
stop to 44.25

 

[Picaso]

Nice trades, Miyagi san.

Hai.

 

[inks2002]

I'm having a hard time believing we won't hit 50 today....finding an entry is giving me the problem though

 

[JSSPMK]

Quote from BSAM:

I'm looking at it from this angle for day trading:

Don't hope/Don't predict/React

Are you saying that you would not execute a short under current market conditions?

I am less inclined shorting whilst NDX remains well above it's weekly 200 SMA, not to say that shorting is any less lucrative as all depends on personal skills, yet buying dips will be 'easier' considering the whole world expects further inflation rather than deflation. But most importantly it's to do with psychology behind price performance in relation to that SMA.

 

[BSAM]

Quote from JSSPMK:

I am less inclined shorting whilst NDX remains well above it's weekly 200 SMA, not to say that shorting is any less lucrative as all depends on personal skills, yet buying dips will be 'easier' considering the whole world expects further inflation rather than deflation. But most importantly it's to do with psychology behind price performance in relation to that SMA.

Thanks.

 

[Pekelo]

Quote from inks2002:

I have googled this and cannot come across what the gekko pattern is, could you point me to a link?

I still have to write the separate thread about it, I described it a week ago and we named it (well, I did) here.

I will post the thread soon with examples....

Quote from Pekelo:

Here is the description of the pattern:

1. Usually starts to drop from the open, but have a bottom between 9:45-10:30.
2. From there it rallies and after hitting the upper BB, it goes about 30% higher than the BB widths.
3. From that high it drops until the W %R hits -100.
4. For the rest of the afternoon it goes sideway in a narrow range.