ES Journal Archive (2009 - 2010)

[JSSPMK]

Quote from womblevader:



Disc: I'm way long on the SnP for a position trade.

So you are 'frontrunning' a trend change, which ImPO is not as lucrative as following strength of an established trend, especially so on longer term basis.

That's why I said the other day 'no point getting panties wet over 1 day's p/a', it takes more than a couple of days to reverse this bearish oscillation, of course everything is relative to holding periods, but since you said "position trade" I thought - why not wait for confirmation that we ARE actually reversing.

 

[Lawrence Chan]

Quote from womblevader:

A couple of observations on the SPX today.

Today's high and low were almost identical to yesterdays high and low but in the opposite order.

Almost the exact reverse of the previous 2 days pattern, hard to form a view on direction.

Up vol was greater than down vol for the SnP, but for the NAZ down vol was the clear winner.

SnP rose after all the terrible economic data came out.

2pt RTH gap from 43 to 45.

IMO Podgy appears uses a measured move strategy with tightish stops looking at the normal trading ranges of the indexes, ie once one move is finished say 15pts or so he will look for signs of a reversal.

Disc: I'm way long on the SnP for a position trade.

1. ES is having a dark cloud cover in candle terms

- very bad, as new low has an extremely high prob

2. Yes. I mentioned it is all about NQ today, isn't it? If it is not NQ dragging things lower, ES could have run up and tried to fill the gap already ... NQ is very head heavy in the daily.

3. Podge is ok. He needs a channel to talk, thats all. I understand.

 

[volente_00]

Quote from JSSPMK:

Porge, u like wasting your time, don't you?

Simple question, why don't you use PM to chat with Vol & others, this journal is turning into a total mess because you can't seem to stop yourself posting stuff, same goes for Vol, how many times you mentioned R10 & dem t boyz, Jeez guys, C'MON let's bring quality posting back

I only post about T day boyz on 2 days out of 5, but from now own I will remain silent.

 

[JSSPMK]

Quote from volente_00:

I only post about T day boyz on 2 days out of 5, but from now own I will remain silent.

I didn't mean be silent, I meant you have lots of interesting information apart from R10, even Martians have heard of dem t boyz by now

Peace!

 

[Lawrence Chan]

Quote from Jahajee:

put porge and any others you don' t want to wade thru on IGNORE

I did. Helped a lot. There are many good posters but in danger of being overwhelmed with fluff.

I cannot because I actually know what he is talking about.

He is trying to communicate but only to those who understand him.

My old mentor was like that ... memories.

 

[startraitor]

thank you lady, thank you porge.. yea!!!

 

[startraitor]

special porge, master of the obvious...


http://www.comedycentral.com/videos/index.jhtml?videoId=12010&title=donuts

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2323819>

Buy1Sell2's trailed stop of 975 clearly seen.

 

[sscott]

Quote from startraitor:

crispy dogshit formation, up from here or test of lows tomorror around noon. Just like the dog draging it's ass on the floor and taking off after a critter...

"Crispy dogshit formation" I love that phrase. However this looks more like fresh dropped cowshit formation - don't step in it.

 

[ammo]

djt weekly,for any bulls out there notice last weeks break of prev 5 or 6 weeks supp and this weeks break and close below the next lowest supp ,dow theory suggests dow cant rally without trans and trans is drowning