ES Journal Archive (2009 - 2010)

volente_00 · Feb 18, 2009

TDAYBOYZCOMINGFORSALSSTOP

:eek:

saliva · Feb 18, 2009

Quote from volente_00:

So back to the ?

730 by friday or do they burn the shorts and do it next week.

What makes you so sure that the market will bounce back once it hits 730? The gutter could be deeper than ya might think.

saliva · Feb 18, 2009

Quote from volente_00:

TDAYBOYZCOMINGFORSALSSTOP

:eek:

With my 20 lots at stake, I might as well exercise a stoic patience because I'm pretty damn sure this one's for real. Don't worry, however. When I fatten up my wallet, I just might buy you a bottle of beer.

Pekelo · Feb 18, 2009

Quote from volente_00:

Definition of they:
generals

lions

smart money..

I am kind of dumb and I only understand a definition if I understand the words being used. So could you give us definitions for the above 3?

P.S.: Maybe you meant "smart monkey"? If 1 trillion chimpanzees typing randomly can write a Shakespeare sonette if you give them enough time, I don't see why smart monkeys couldn't controll the markets, trading randomly...

fseitun · Feb 18, 2009

Quote from volente_00:

Definition of they

generals

lions

smart money

non retail

professional traders

An entity with deeper pockets than the majority of those playing the game

So much of this is intertwined with derivatives due to hedging by whales, funds and market makers.

If the market was truly random, then us small frys would not be able to consistently take advantage of them to profit on the moves.

If you had deep enough pockets to throw large amounts of money into positions knowing that by doing it is highly probable to cause a breakdown or breakout that all the others will follow along with the arbers and programs would you not take advantage of it ?

Perhaps you misunderstood my post. I wasn't arguing about the existence of big boys or whales or pros or whatever name you want to call them.

I was just wondering whether they actually plan out traps or drive price action in such a way to make most smaller traders believe something when they actually are doing the opposite.

fseitun · Feb 18, 2009

Quote from volente_00:

THEY are the ones that prearrange the block trades that you see go off on time and sales but are never shown on level II.

So much goes on behind the scenes with the market makers and big money that we will never truly understand it all so all we can do is adapt to take advantage of the footprints that THEY leave behind.

I agree that without THEM we'd be better off changing jobs.

Those FOOTPRINTS are critical for successful trading and I agree that T&S is the written proof of such prints as opposed to the DOM where orders can easily be pulled out.

I've been following ES T&S for a few weeks with the hope to make something out of it, yet I still have no clue on how to use it.

I use two separate windows, one showing all contracts and one filtering out contracts of 90 or higher.

I truly believe it's something useful I just need to figure out a smart way to exploit it.

Perhaps I should associate it with volume spikes. Just an idea.

saliva · Feb 18, 2009

It shouldn't matter who "they" are. The only time it does matter is usually when one loses money and wants to find a scapegoat to blame as an excuse. Regardless, the illusion of "they" can never replace one's loss. I say, stop chasing after ghosts and instead learn why you lost that money in the first place. Or, better yet, I could perhaps make a payment arrangement to loan you my crysatal ball for a nominal fee.

saliva · Feb 18, 2009

Quote from fseitun:

I was just wondering whether they actually plan out traps or drive price action in such a way to make most smaller traders believe something when they actually are doing the opposite.

In my view they do, but not necessarily to "trap" anyone on purpose. It's just that they (eg. program trades) are so powerful that any unfortunate creatures that stand in its path will get annihilated. It's also worth noting that these program trades usually kick in at certain price levels to exploit the weakest link in the chain.

fseitun · Feb 18, 2009

Quote from saliva:

It's also worth noting that these program trades usually kick in at certain price levels to exploit the weakest link in the chain.

Would you mind expanding on that with a real example if possible?

Thanks.

ammo · Feb 18, 2009

Quote from fseitun:

I agree that without THEM we'd be better off changing jobs.

Those FOOTPRINTS are critical for successful trading and I agree that T&S is the written proof of such prints as opposed to the DOM where orders can easily be pulled out.

I've been following ES T&S for a few weeks with the hope to make something out of it, yet I still have no clue on how to use it.

I use two separate windows, one showing all contracts and one filtering out contracts of 90 or higher.

I truly believe it's something useful I just need to figure out a smart way to exploit it.

Perhaps I should associate it with volume spikes. Just an idea.

just keep paying attention and you will eventually learn by osmossis,seriously,your learning willl be so gradual you wont what you've learned or why you know ,but you will see it,when thr dom is increasing in size of bids and offers and all the sudden doubles or triples and goes nuts,the rally found a seller or vice versa