ES Journal Archive (2009 - 2010)

[lurefo]

Quote from Lawrence Chan:

It is not the usual trend buy formation.

Someone is in a rush to swing it up to 950 area and then immediately upon touching the level sell orders are unlocked, as oppose to melt up days where buy stops are run.

Totally agree, I expect a sell off from here. It could be fun if the bears can take it back below 41.

Right now, all eyes on R1.

 

[Lawrence Chan]

A run to VWAP is normal, not necessary major sell off in last 2 hours.

ORH, VWAP at 945

 

[lurefo]

Quote from lurefo:

trying a short here 951 stp above hod

took half out here at 47, trailing the rest

 

[[Proximo]]

ORH

 

[lurefo]

critical here at ESU09 46.75 - 47.5

 

[saliva]

Quote from Lawrence Chan:

It is not the usual trend buy formation.

Someone is in a rush to swing it up to 950 area and then immediately upon touching the level sell orders are unlocked, as oppose to melt up days where buy stops are run.

Would you mind enlightening this noob? How are you supposed to know that?

 

[startraitor]

short 49, target 44-, stop 51

 

[Roman Candle]

Are you on borrowed time?

If you are doing any of the following actions, then you are trading on borrowed time:

1) You go ‘ALL IN’ on any single stock aka a Hail Mary.

2) You go all in on a stock position into an earnings report or an FDA meeting

3) You are constantly ‘praying’ for a position to go your way even though all your original premises and signals have broken down

4) You start justifying your trade position with a ‘longer term’ out look and decide to ‘invest’ or ‘swing’ the trade.

5) You keep trading to ‘make up’ the commissions

6) You keep trading to make up losses on the day, even through the setups are blurry

7) You go double, triple or more of your normal comfort level size on trades after each stop loss--- especially when it’s during consolidation periods

8) Your intraday losses are greater than 10% of your account

9) You can’t leave the screens for fear of missing an opportunity, not even to go to the bathroom

10) You regularly pray for just one more miracle trade! (several times a day)

 

[Lawrence Chan]

Odd feeling ... maybe, just maybe, one more 940 close?

 

[Lawrence Chan]

Quote from saliva:

Would you mind enlightening this noob? How are you supposed to know that?

Huge down ticks and size bids got taken out across the board in the underlyings, right when ES Sep taking out 950. That means those orders are parked there all along and triggered once the condition is met.