ES Journal Archive (2009 - 2010)

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Quote from Landis82:

You mean that Jimmy Jam guy that had nearly 4900 posts before he was forced to give up that screen-name at the end of 2007? And now he has another 5242 since then?

Does he trade for a living or does he just spend all day long posting on ET?
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Yeah, the same guy who helped you get setup with QuoteTracker and DTN/IQ Feed ... and you've been in trading heaven ever since! :)

LOL chump, the real question is ... why are you trolling behind me from thread-to-thread? :confused:

If you have an issue, we're both in NYC, let's get together and settle it.
 
Quote from austinp:

Thursday was a gap-up that never filled, did not touch daily pivot intraday. Friday was a gap-down, never touched pivot or filled prior gap. Monday was a gap-down, never touched pivot or filled any gaps.

I've been doing this since late 1999 and never recall a three-day sequence in all that time where three consecutive open gap = no pivot touch sessions resulted. For whatever reason(s), some artificial pressures on the market past three days kept them from filling gaps and/or hitting "fair value" pivot points at all.

Just when you thought you'd seen it all...
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I haven't been doing this for a long time but I think it has something to do with a president, treasury sec. and fed. chairman that love to hear themselves speak.
 
Quote from tommymoose:

Taking off almost all the rest of my long position here at ~820 ES

The short side is looking good. I'm going to look to get short when ES touches 830-835 with a small stop. I wanted to hold out for 860, but the wedge chart pattern here has some good potential. I'll take a little off at ~800 ES... main target of ~765... ~750 final target.

http://elitetrader.com/vb/attachment.php?s=&postid=2364372
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Covered the first third of my short already...stops at break-even and same targets on the rest. 765 should come within a day or two and we may get a little bit of a bounce there. Holding last 1/3 til ~750 ES where I'll look to add some long exposure again with a small stop (I'm actually still holding 1/5 my original long position from ~675 since I think we'll get to ~865 eventually... maybe even 1000)

Chart of what I'm looking at w/ support and resistance zones-
 

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Quote from opt789:

I will admit that he does give logical advice, but know ahead of time if you feel like arguing with him it will take up multiple pages and not really get anywhere.
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Um, thanks (I guess) :) .
 
Quote from austinp:

and never recall a three-day sequence in all that time where three consecutive open gap
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It is really not the number but the direction that counts. The first 2 ( up then down) made an island reversal correctly identifying the top (even if just temporary).

The important thing was/is the presence of 2 consequtive SAME DIRECTION gaps. The 2nd gap rule didn't work today, it was kind of expected. What is not expected to have THREE consecutive and unfilled downgaps, thus the previously mentioned 3rd gap protection working for overnight longs... Simply long was the place to be for overnight, as the updrift has shown....

Would have been even better had we gone into the red first, because the gapclose would have been well, guaranteed....

Quote from womblevader:

Don't We recently had 2 downside gaps before the market went down to 670. Ouch!!
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Were they consequtive meaning not being apart by more than 3 days??? I don't think so... Read up on the 2nd gap rule....
 
Stopped, just posting now. This is eoq stuff and felt my nuts recede into my body while holding and adding.

Quote from startraitor:

adding 85-86, stop over 88, target 77-78 overnight. dang, only 85, nq squeezed into the close,
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Quote from MandelbrotSet:

Hope that helps.
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MandelbrotSet, thank you for the reply.

Do you ever post your trades here? Not trying to question you or stir up a fight here, just wondering because live trades is a good window into somebody's trading methodology.
 
Quote from iloveoptions:

I do play special requests from time to time :) So this is for you ASusilovic, Long 780.5, targeting 794.5 (sorry, 800.5 seems a bit high for today). I'll be adding all the way down to 760 for today. I'm also semi-hedged, so there's no need for a stop.
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Out of 1/3 at 790.5, and selling the rest on a limit overnight at 794.5.
 
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