ES Journal Archive (2009 - 2010)

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Quote from volente_00:

Just need 2 favors from you to seal the deal,


take a short,



and start name calling the boyz again.



:p
I said we we'll trade between 790 and 800 for the rest of the trading session. So I have a short order pending at you know where (if you haven't already read my previous post).

As for the trannies, I can only say that they can no longer go back. It's irreversible! :p
 
Quote from saliva:

I strongly doubt we'll be able to hurdle above 801.50.

Last 2 times similar setups had a thrust above opening range high for just a bit then sell like there is no tomorrow til close. :)
 
Quote from riskymove:

Yen been weak all day but just took another leg down. Thus far equities have not been watching however if it stays low and moves lower it is bullish.

Don't count on Yen for ES direction, it has started to decouple, correlation is waning. It only makes catch up moves.

Gold is a better indicator now for risk aversion.
 
Quote from Nagelis:

Don't count on Yen for ES direction, it has started to decouple, correlation is waning. It only makes catch up moves.

Gold is a better indicator now for risk aversion.

Watch what you want - currency market much larger than equities. Stocks don't always follow the smartest guys in the room at first, sometimes it takes a while.

Gold is the most crowded trade in the market right now. I am long GLD puts.
 
Quote from riskymove:

currency market much larger than equities.

Only because the likes of japanese housewives trade it. 90 pct of ccy market daytraders blow up in the first year. only very few smart players.

Ccy markets are intransparent and distorted by big players/ real money order executions ... it doesn't show on times and sales.
 
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