ES Journal Archive (2009 - 2010)

[MandelbrotSet]

I was totally wrong about the market breaking yesterday, and after I bought too early and sold too late I had to sit back rethink how I was trading the market.

No matter how you slice it, no matter what tools you use, the real money traders are going to be looking at what happens on a daily basis to determine how they trade, so if you want to trade with the highest prob of success its probably better to align your trading with theirs.
***
The market may find resistance at the PP, trade back down, and then make another attempt to break through it ... this would probably take place later on in the session.

 

[Lawrence Chan]

Quote from ASusilovic:

Goldman seller 998.30.

Clients' 990 stops from yesterday is now raised up to 991.50 =P

Volume > 200K should be unlocked once we see 991 area.

Bad boys

 

[Decel]

Quote from MandelbrotSet:The market may find resistance at the PP, trade back down, and then make another attempt to break through it ... this would probably take place later on in the session.

Didn't it just do that? (assuming the PP is 999/999.50)?

 

[ammo]

Quote from MandelbrotSet:

I was totally wrong about the market breaking yesterday, http://www.moonphases.info/full_moon_calendar_dates.html#Full_Moon_dates_2008

 

[ammo]

djt , same as oex , broken supp, now res

 

[tomahawk]

Quote from ASusilovic:

Goldman seller 998.30.

ASus ... thanks for the info. Just curious - do you have access to the floor, or is this from a paid subscription that shows the source attached to order flow?

Thanks.

 

[MandelbrotSet]

Quote from Decel:

Didn't it just do that? (assuming the PP is 999/999.50)?

The market has found resistance on the first try, now it is going to make a second try to break through it to the upside.

 

[saliva]

Quote from ASusilovic:

Goldman seller 998.30.

Yeah, just where the hell do you get access to info like this? Unless ure a specialist or MM, you would never know this, including the locals in the pit.

 

[ammo]

trade the news has a guy in the pit barking out major buy/sell orders, you can get pay for it and lisrten to it in the background while your trading, side commentary while slow is of the jerry springer class, otherwise it would be worth it

 

[freehouse]

Quote from saliva:

Yeah, just where the hell do you get access to info like this? Unless ure a specialist or MM, you would never know this, including the locals in the pit.

If you are a customer for one of the floor based executing brokers (i.e.., you call the floor with orders in the big contracts) you can get the information from them.