ES Journal Archive (2009 - 2010)

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Saw 4 digits hit 1011.25, was that a buy or sell?

Edit: On IB BookTrader... is this even reliable info?

Yes, I'm bored while the market is playing around my short entry... (1011.25)

Edit2: Closing Bid @ 1007, is it too far? :eek:
 
I know it's stupid to think this market will ever go down again but but but - does anyone think that the .382 retracement from 1576 to 666 today will have any significance? We went slightly above it but are right below for now. Hard to imagine long term holders from last year won't be taking any off the table here as they begin to get closer to break even? Of course that would imply some type of rational thinking which clearly the market wants none of, however it does make sense. To the moon baby!!!

Oh - and another BE A utiful inverted hammer on 60 min this morning on good volume - totally negated. These negative formations just don't seem to pan out any more.
 
The bots and human traders are all bounded by rules.

Classic patterns are created by humans thus different from the ones dominated by bots.

Bots are more predictable and bear no emotions.

Classic patterns are driven by uncertainties as all players do not know what the other players may or will do.

Some bots, however, can now peek into the books, seeing what all other players "planned" to do.

It is like playing poker with your opponents showing their hands to you all the time. How hard is it to win the game then?
 
Interesting action in the strength of the dollar today vs the strength in the equity market. Either the correlation ain't working or one needs to adjust rather substantially...
 
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