ES Journal Archive (2009 - 2010)

lurefo · Jun 1, 2009

Quote from saliva:

This "game" has been on a repeat mode for the last three months, which harks back to my previous claim about the absence of bears. Just where the hell are all those once larger-than-life shorties? Was there an arm-twisting by Uncle Sam behind the scene? One can't help indulging in these crazy notions.

The last couple of months market's behavior has been quite unusual, no doubt about that.

IndexSwing · Jun 1, 2009

It looks like a downtrend is finally underway. I'm expecting a continuation down through the close. Short from earlier at 941.24 Stop at 948.

MandelbrotSet · Jun 1, 2009

Quote from saliva:

The price move or the crazy shit that I said?

Yup, it's time to drag my ass to the Sin City. At least, I would have fun while losing money.

LOL, the masssive run up.

I got in my scalps in, but no-way did I see the market making up that amount of ground, in one session, with no retracements.

Time to throw logic out da door.

***

Interesting question about the Bears ... and how it pertains to the concept of "free markets".

saliva · Jun 1, 2009

Quote from Spooz Top:

since when is the market supposed to make sense?.........this is why so many are spit out like a wood chipper day in & day out.

Now c'mon, ya ol' codger. You've been around here long enough and I assume you've been trading long enough to know what I'm driving at. This market ain't working as it used to. I've been through many ups and downs, including the previous 2 recessions and the Asian flu that almost hobbled Russia and others, and they were nothing like this. Not only there are no bears but you don't even see a day of profit-taking. After months of huge rally, no profit-taking? That's bull shit!

trackstar · Jun 1, 2009

If you were a Bear before you had Goldie on your team. Now if you are a bear you are playing against Goldie. You have to know that Goldie does whatever is most profitable. It is still more profitable for Goldie to be a Bull on the govt team. When the intervention stops working Goldie will get pwned.

Now is Now · Jun 1, 2009

Quote from saliva:

Now c'mon, ya ol' codger. You've been around here long enough and I assume you've been trading long enough to know what I'm driving at. This market ain't working as it used to. I've been through many ups and downs, including the previous 2 recessions and the Asian flu that almost hobbled Russia and others, and they were nothing like this. Not only there are no bears but you don't even see a day of profit-taking. After this huge rally, no profit-taking? That's bull shit!

Isn't that the truth!!!

I had a couple of small trades this morning, each time waiting for something to explode!!! ....As silly as it sounds, I am now becoming a little "paranoid" with this market and action and for a number of reasons.... I am not trading for the rest of the day...just don't want to... :mad:

trackstar · Jun 1, 2009

Ive been in the same short since 12:00. Might have to put a time stop on this sucker.

saliva · Jun 1, 2009

Quote from Now is Now:

Isn't that the truth!!!

...I am not trading for the rest of the day...just don't want to...

Is that so? Well, you better ante up because I'm about to throw in the towel and fold shop altogether.

Now is Now · Jun 1, 2009

Quote from saliva:

Is that so? Well, you better ante up because I'm about to throw in the towel and fold shop altogether.

.....Until tommorrow at least

Bigpipn · Jun 1, 2009

If you're not trading FX right now you are really, really missing out. I cannot recall easier conditions. All my EAs are up huge today. One of the better ones is up over 400pips on the day on Eur/Usd alone.

The yen drift is a gift to anyone who has a clue.