ES Journal Archive (2009 - 2010)

[ammo]

http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html?mod=mdc_leader

 

[Lawrence Chan]

Anyone notice that the lower high sell has absolutely no seller on the book within 2 pts range?

 

[ammo]

spy buy block trades are 3.5 to 1, either we will rally or they are holding it up

 

[kinggyppo]

Quote from Builder17:

SPY today has the potential for a false breakout to the upside, which if it happened, would remind me of what happened on 7-15-09 with downside fakeout. wishful thinking?

very astute, the gap on QQQQ is filled with first one on spy at 98.58.

 

[vertigo3]

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.

it's not trrue, he's probably subscribing to one of the services that broadcast from the pit (over the internet)

I subscribed to trade the news or trader's audio (I can't remember which one) and they have live calls right from the S&P pit in Chicago. The announcers constantly update (every couple of seconds) bid and ask in the pits and the size traded and whether it's just locals trying to scalp a couple of ticks in a dull market, or something else

The announcers can see the big desks located along the outside of the pit.

It's actually pretty exciting when they see a big order get signalled in.

sounds like this, and the announcer's relly get excited when they get to report size...

"... uh-oh,

now Goldman's coming with size.

Goldman, Hitting the bid with size

50 go at even

another 50 at .75. "
etc

And you can hear the pit traders start yelling. It's real life, pretty interesting, I think it was like $200/month. (I don't really remember what I paid.)

 

[Decel]

Crap, was short @ 997.75 but then they ripped it to 999 and that scared me, so I ended up closing at 997.50. My actual intended bid was at 994.50

The banks are turning red ...

Long NQ 1597... for kicks... Target 1602, stop 1594

 

[MandelbrotSet]

Quote from Michael.jstocks:

Rather pleased with my exit

Ok - may aswell start getting long again here.
Long here 993.5

stop at 970

Yeah, I've noticed tha tyou're making some pretty good calls there, without any confirmation on the higher timeframes before you enter your trade ... kinda like how satchel trades.

That's pretty good if you can do it consistently, as it means you can get in on the move before everyone else, and just ride the movement.

 

[Lawrence Chan]

Quote from Lawrence Chan:

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

mmmhahahahaha ...

the show begins =)

 

[Decel]

Possible DB/Dragon forming on the ES?

Dragon would fail from ~996 for a 14pt range? Pekelo, can you grade me?

 

[MandelbrotSet]

If S1 (993) holds it's going to form a double-bottom in a clearly defined uptrend.

It isn't my trade, so I'm not taking it (shoutout to LC), just an FYI.