ES Journal Archive (2009 - 2010)

MandelbrotSet · Sep 11, 2009

Quote from Builder17:

would love to see this support break

PP @ 1033.25 quite likely is a holding spot.

pcvix · Sep 11, 2009

Quote from freehouse:

Once you tick it to a new low then you will get shorties who will sell that fractal. Then you can take the market right back up and get them stopped out. You win, the shorties lose (this is for daytraders and other shorter time frame people who do not have the capital for longer term plays like B1S2).

Quote from Lawrence Chan:

Price discover process ... I think a better term is orders discover process =)

In old times human MMs do the same thing. The bots are just emotionless and have no mercy.

Quote from MandelbrotSet:

He's saying they like to give a Short Squeez when there are Shorts piled on and the market is in an uptrend, and Drop like a Rock when the Longs are trying to push the market up and there is a downtrend.

Many Thanks to all for the helpful explanations.

Lawrence Chan · Sep 11, 2009

Previous day high must act as resistance for the move to PP to become a possibility.

retaildaytrader · Sep 11, 2009

Im going to bring this chart up again. Monday will be a coinflip, but look at Tuesday which odds favor a bearish day.

Lawrence Chan · Sep 11, 2009

Quote from retaildaytrader:

Im going to bring this chart up again. Monday will be a coinflip, but look at Tuesday which odds favor a bearish day.

This kind of stats is useless unless a low risk strategy can be derived from the behaviour.

i.e. positive day can have a +10/-20 swing during the day before landing onto the close at + 0.5

The stats you quoted also contains the 9/11 patriotic buying bias since the event.

[Proximo] · Sep 11, 2009

Oil -3% while EUR/USD is hovering around 1.46.

Interesting.

Builder17 · Sep 11, 2009

please no IHS

lexcorp · Sep 11, 2009

Quote from blackjack666:

1040 will probably be a gift for a few points, if it gets there.
Small limit in to buy there at 1040 (sep)

were you filled?

Lawrence Chan · Sep 11, 2009

Quote from Lawrence Chan:

Previous day high must act as resistance for the move to PP to become a possibility.

Previous day high acted as resistance, PP within 1 pt now.

The big question?

If PP holds, previous day close again.

Otherwise, S1.

retaildaytrader · Sep 11, 2009

So if someone brings up some type of historical data suggesting that 26% of the time a certain day is positive then you would disregard it as rubish?

I guess if someone told you that March and October tend to be pivotal points in the market thats "useless" as well.

I would not ever let you touch my money if you disregarded such statistics as "useless".

Quote from Lawrence Chan:

This kind of stats is useless unless a low risk strategy can be derived from the behaviour.

i.e. positive day can have a +10/-20 swing during the day before landing onto the close at + 0.5

The stats you quoted also contains the 9/11 patriotic buying bias since the event.