ES Journal Archive (2009 - 2010)

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Quote from ASusilovic:

Impressive bully ceremony. Seems, we have managers out there who are trying to jump on the bandwagon. Otherwise buying AT THESE LEVELS not comprehensible.
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Pretty much - they are cyaing b/c if the mkt continues to go up from here and they aren't in they lose their job - herd has to go...so no one will sell
 
Quote from Pekelo:

Now I did. Not perfect, should have come 1 point higher to the SMA where I put the dot, and could have dropped 1/2 point lower, but still recognizable.

Oh yes, it happened AFTER you posted. :)

21e9ukg.png
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Actually, my dragon was before yours.
1st leg = yesterdays close to 966.5
2nd = 966.5 to 975
3rd = 975 to 969
Failure at 973 (975.5 on SPX)

Gotta love the dragon. I've tried three of these setups since reading your thread.

1) Last night worked great going into the crazy crash (so my reversal to long at 969ish got stopped at -1), but I made +3 on the downleg = +2 overall.
2) This morning's was great. Finished +8 after getting stopped at 970.50. If it went 1/2 pt further after the failure it would have been +12.
3) This afternoon at 3:05 had a fakeout failure from 968 to 967 that got me for a full -1 stopout. This was a dumb entry (entered short at 967) and I used double the size so double dumb. I should have been long from 966 then used a stop/reverse at B/E once it got to 968 so I could ride it either way.
 
Just to add a few others, so far we have:
Japan retail sales worse than expected
Hang Seng off 2.4%
Shanghai off 5%
Durable good worse than expected and last month revised lower
Crude oil falling and then getting hammered with the inventories report
Dollar breaking out, Euro breaking down erasing two weeks of moves
Bond auction not good at all
Beige book less than optimistic

And the net result is the ES basically unchanged. I am just waiting for CNBC to bring back the “teflon” market terminology. Right now they are just using “resilient.” Markets run on fear, either fear of losing your money, or fear of missing out, and the fear can be just as strong either way.
 
Quote from paul_alan:

http://www.youtube.com/watch?v=WJom-wNoSsk

oscars joining us in the ride up in this bull market! yeeehaa

long here 972. Adding to long at 965 ish. Off out for the day.
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Back from day out. See we are trading at 976. Was hoping to be making more than 4 measly points. Was So close to getting another long on - traded just above my 965 add on number.

T-day tomorrow. Might look to add on another long at some point tomorrow
 
Quote from opt789:

Just to add a few others, so far we have:
Japan retail sales worse than expected
Hang Seng off 2.4%
Shanghai off 5%
Durable good worse than expected and last month revised lower
Crude oil falling and then getting hammered with the inventories report
Dollar breaking out, Euro breaking down erasing two weeks of moves
Bond auction not good at all
Beige book less than optimistic

And the net result is the ES basically unchanged. I am just waiting for CNBC to bring back the “teflon” market terminology. Right now they are just using “resilient.” Markets run on fear, either fear of losing your money, or fear of missing out, and the fear can be just as strong either way.
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I was expecting a BO 2day, looks like it might be 2morrow. Hourly charts point to upside BO, looks like flag completed.
 
Quote from paul_alan:

T-day tomorrow.
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From the T-day expectancy thread:

Quote from Pekelo:

Here is the Summary of the last 5 months:

Tuesdays: 7 up, 6 down, 9 variable

Thursdays: 11 up, 6 down, 4 variable

So Tuesdays have no statistical signifficance, but Thursdays (specially if tomorrow is an up day) are more likely to go up then down with a high probability...
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Quote from paul_alan:

Back from day out. See we are trading at 976. Was hoping to be making more than 4 measly points. Was So close to getting another long on - traded just above my 965 add on number.

T-day tomorrow. Might look to add on another long at some point tomorrow
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Been up to 983 so far already :)
T-day!!
Got limits scattered around to buy more on any decent dips.
 
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