ES Journal Archive (2009 - 2010)

[piranhaxp]

Quote from Lawrence Chan:

Problem is that this is fed day.

If price is locked up here, it is easy to break the month high with the shock from the fed announcement.

Yes .... but the only one I wanted to say is, that a move dn 990 will confirm this formation ... all other activities because of this possible formation would be a shoot in your head, Therefore : CONFIRMED below 990 ... I don't see any systematic short opportunity here around 1004/05. It's like flip a coin.

 

[tracer619]

Quote from tracer619:

short term Auxilary System signals buy right here

long term Main System is already long

so basically buy buy buy.........

short term trade closed +10 points

still bulli$h long term

blackguard

 

[tstones]

Just because it shot up quickly, doesn't mean it's gonna dive back down right away. After missing a big move, one tends to counter the trend to "make it up".

Quote from Decel:

Urgh, re-shorted @ 1005.25, but damn this 1pt wiggle.

Can't they go visit VWAP/PP near the 998 range or something? Or at least chop in a greater range so I can play it?

 

[Zodiac4u]

Quote from Eko_Trader:

The shoot up today totally makes sense. With all the correction talk going on in the media, I'm not surprised we're rallying today. That has been the play for over a month now. If you're planing to short, look to start around 12pm. As of now, every ask is being hit w a bid.



In agreements with you here.

 

[Decel]

Quote from tstones:

Just because it shot up quickly, doesn't mean it's gonna dive back down right away. After missing a big move, one tends to counter the trend to "make it up".

That I know, but I'm also counter-trender by nature.

Frankly, I forgot all about that gap above when I woke up this morning.

I should tie myself to avoid trading before 10:30am.

 

[Lawrence Chan]

VWAP flattening out at 1001 now.

 

[Lawrence Chan]

Bears' last line of defense is 1007.5

And as a coincidence, from 1006 upto 1010 is a sell zone ...

Will see.

 

[tstones]

squeeze the weak short, then use fed to initiate the power play downmove. Sounds like a plan!

Quote from Zodiac4u:

Quote from Eko_Trader:

The shoot up today totally makes sense. With all the correction talk going on in the media, I'm not surprised we're rallying today. That has been the play for over a month now. If you're planing to short, look to start around 12pm. As of now, every ask is being hit w a bid.



In agreements with you here.

 

[millionaire7]

VWAP is showin 999 on my chart.
Is there something wrong with my setup.

Thanks.

Quote from Lawrence Chan:

VWAP flattening out at 1001 now.

 

[millionaire7]

Ok, It gave 1001 after I removed the pre-market data.

Quote from millionaire7:

VWAP is showin 999 on my chart.
Is there something wrong with my setup.

Thanks.