ES Journal Archive (2009 - 2010)

[startraitor]

If I only.... had a brain....

Quote from startraitor:

Pull of upside gap from 13th is strengthening, if no downside after 10:00 am release, 65-70 upside target.

 

[volente_00]

Quote from Lawrence Chan:

Try range projection -

20 pts from low today is 76.5
30 pts is 86.5
40 pts is 96.5

Pick one.

man that looks like rule of 10 gibberish.

 

[volente_00]

Quote from volente_00:

On fomc day, the recent trend has been to grind higher til the announcement. Keep an eye on the retracement amount, if the largest one is less than 6 - 7 points of drop then the grind will usually continue. The day is still young but I don't like the gap below.

What was the largest retracement before the announcement ?



And in the mean time, put on your flip flops.

 

[Jahajee]

http://stockcharts.com/

I have seen many good chart from this free site

 

[JSSPMK]

Getting back to my question posted few months ago whether retail trading might seize to exist in a near future, I recently read an article where there were similar suggestions posted based on amounts of bankruptcies being registered that have been caused by trading and gambling activities, a lot of these cases have been sponsored by banks money. I think if retail trading doesn't seize to exist completely then trading margins almost definitely will be raised substantially. ImPO enjoy it while it's still available, but it won't last much longer.

 

[riskaddict]

Quote from JSSPMK:

Getting back to my question posted few months ago whether retail trading might seize to exist in a near future, I recently read an article where there were similar suggestions posted based on amounts of bankruptcies being registered that have been caused by trading and gambling activities, a lot of these cases have been sponsored by banks money. I think if retail trading doesn't seize to exist completely then trading margins almost definitely will be raised substantially. ImPO enjoy it while it's still available, but it won't last much longer.

So will casinos cease to exist? I do think the leverage issue needs to be addressed. People in the end have a choice, don't trade! Why are there so many people that think gambling is evil? Because they suck at it! Stick to alcohol and cigarettes as a vice leave gambling to us.

 

[Lawrence Chan]

Quote from volente_00:

man that looks like rule of 10 gibberish.

Lately (the last 2 months) mkt tends to do 180 degree turn at 20 pts and 30 pts RTH range very often.

Rule of 10 works better now then before

 

[JSSPMK]

Online casinos have already been banned in the US. I have no answers regarding Vegas, I think that will stay as it is. Trading from home may be linked to gambling from home. Like it or not, it will probably change pretty dramatically.

Quote from riskaddict:

So will casinos cease to exist? I do think the leverage issue needs to be addressed. People in the end have a choice, don't trade! Why are there so many people that think gambling is evil? Because they suck at it! Stick to alcohol and cigarettes as a vice leave gambling to us.

 

[Lawrence Chan]

Quote from JSSPMK:

Getting back to my question posted few months ago whether retail trading might seize to exist in a near future, I recently read an article where there were similar suggestions posted based on amounts of bankruptcies being registered that have been caused by trading and gambling activities, a lot of these cases have been sponsored by banks money. I think if retail trading doesn't seize to exist completely then trading margins almost definitely will be raised substantially. ImPO enjoy it while it's still available, but it won't last much longer.

As people have no liquidity to live, the first recourse is to burn it from their mutual funds, bonds, stocks holdings.

Since most people are not making money trading, or, as the public were trained to say, investing , most of them will close their accounts for good. No difference from other bad economic times.

Governments always try to expand on this type of crisis they have created. i.e US's 25K daytrade requirement, UK's tax on stock trading, etc.

For UK, results in financial spread betting.
For US, results in massive move into forex, futures, etc.

As long as you can keep yourself as liquid as possible there should be no problem for you to find trading opportunities.

 

[startraitor]

We can still participate in overseas exchanges and bourses. Is the argument regulation or lack of capital will diminish intraday opportunities or both, unability to deploy speculative capital because of regulation. I think in any event the realization will be made that a well regulated, US marketplace without excessive restrictions on speculation will prevail. Moving overleveraged, unregulated otc derivitive products to central clearinghouse-exchange model is what is needed to stop the big hemmoraging, reigning in the nomal participants, speculators and hedgers, is like putting a bandaid on a severed aorta.