ES Journal Archive (2009 - 2010)

ammo · Mar 4, 2009

Quote from ammo:

there is a ledge at o7 on MP,need to trade under it to complete picture,not always bu t80% B]

should print minimum 05/06 ,it would have made it under 07,just ran out of time

ASusilovic · Mar 4, 2009

If you needed further proof how insane QUANT funds are working:
you had a good example with todayÂ´s close.

The need to generate performance makes it necessary to "create" volatility.

Watch the 1 min charts and in certain situations you will see 17-25k market orders. Insane !

Only my 6 cent. Not complaining about it. I am just swimming with the "herd".

iloveoptions · Mar 4, 2009

Quote from ASusilovic:

If you needed further proof how insane QUANT funds are working:
you had a good example with todayÂ´s close.

The need to generate performance makes it necessary to "create" volatility.

Watch the 1 min charts and in certain situations you will see 17-25k market orders. Insane !

Only my 6 cent. Not complaining about it. I am just swimming with the "herd".

Volatility, that's a beautiful word

Bigpipn · Mar 4, 2009

Quote from ASusilovic:

Watch the 1 min charts..

I blew out too many times staying on the 1m charts. I'll trade breakouts on 1m but trying to pick reversals on 1m is suicide.

I definitely know what you're saying though, it's a roller coaster out there. You just have to keep it simple and go into each day unbiased and let the market tell you where to position yourself.

W4rl0ck · Mar 4, 2009

Many Shuvs, Zuuls and Bears knew what it was to be roasted in the depths of the Slor today, I can tell you!

swing-scalper · Mar 4, 2009

Quote from ASusilovic:

If you needed further proof how insane QUANT funds are working:
you had a good example with todayÂ´s close.

The need to generate performance makes it necessary to "create" volatility.

Watch the 1 min charts and in certain situations you will see 17-25k market orders. Insane !

Only my 6 cent. Not complaining about it. I am just swimming with the "herd".

Please explain in more detail why the volatility at today's close is attributed to QUANT funds.

porge · Mar 4, 2009

the one min chart is a tick chart wannabe...1 min is good for opening the gate...tick is better....working 2 charts is best...long for trend and short for entry and stops........watch him, he will snap u with the bedeezers.....

porge · Mar 4, 2009

proxi...u use pt targets....congrats....the smart ones do....

tommymoose · Mar 4, 2009

Quote from tommymoose:

Always speculation, but I think we see 850+ before this market falls more than 50 more points. There are a couple zones I see this potential reversal coming from. I'll post the chart.

670-680... very strong... some nice confluence in this area. I'd love to see aggressive capitulation-like reversal in this area to put on longs to hold for several weeks/months. If it holds here it would be a very bullish price pattern on the daily timeframe suggesting 1000 as a reasonable upside target.

http://elitetrader.com/vb/attachment.php?s=&postid=2327947

Off to a decent start... touched the very top of the zone in AH and repelled very quickly and we got a pretty good rally today... we'll see what happens. I'm playing this one long SSO from $15.43.

Pekelo · Mar 4, 2009

Quote from Lawrence Chan:

No. ADU is good up to 3:15 to 3:30 only.

You get a B

It is 3:30 to 3:45 for the HOD, although occasionally we close on the HOD. Today sure enough we had a mini doubletop, the second one at 3:33, just as it was supposed to....The selloff was stronger than usual, but the market is exceptionally weak...