ES Journal Archive (2009 - 2010)

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Quote from iloveoptions:

I don't trust the longs today, so I'm getting back in with a 10% here at 903.75

Current position: Short from 814.25 + 10% hedge.

You should never trust them! :)

But lately even more so - the bid under this baby is unlike no other - and the sellers are just gone.
 
Quote from riskymove:

You should never trust them! :)

But lately even more so - the bid under this baby is unlike no other - and the sellers are just gone.

Absolutely. The sellers were not present when we touched 882-878 last Friday, so I increased my hedge accordingly. In hindsight, I wish I kept them even though my BE on the futures is at 998.66 counting my latest closed hedges :)
 
this is exactly the PA i expect over the summer months.........strong impulse moves north....followed by flat to slightly down consolidations that gear up the next bear trap/melt up.

monster diamond formation in the making on the daily/weekly charts.

Septimius Severus replaced the clown Commadus as Romes first black emperor & created many years of stability,financially & otherwise, throuought the empire........we`ve got the first part with W being succeeded by O.......interesting to see if we get the second part of the equation right with a complete repeat of Roman history in the macro cycle?
history & human nature have a tendency to go hand & hand....although i`m bearish longer term.
 
Quote from MandelbrotSet:

From a position trading perspective, probably so ... but the numbers this morning were piss poor, and the Bulls are going to need a little something extra in their hay to get the ball rolling here.

Intraday, it's looking kinda ugly.

Good trading

Please reread my post
 
Quote from iloveoptions:

I don't trust the longs today, so I'm getting back in with a 10% here at 903.75

Current position: Short from 814.25 + 10% hedge.

Wow, that was a quick 10 pointer!! Closing out the hedge here at 913.75 :) Now I'm gonna regret it. :D

Current position: Short 814.25 + Zero Hedge.
 
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