ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Holding a steep trendline ...

 

[Lawrence Chan]

EURUSD snap back.

USD still on course to crash.

Exactly what the Fed wants I guess.

 

[ASusilovic]

Quote from Lawrence Chan:

EURUSD snap back.

USD still on course to crash.

Exactly what the Fed wants I guess.

1) Wall Street rule Nr.1 : deceive and misinform.
2) Rule Nr. 2 : see rule Nr. 1.

 

[Lawrence Chan]

Quote from ASusilovic:

1) Wall Street rule Nr.1 : deceive and misinform.
2) Rule Nr. 2 : see rule Nr. 1.

=D

The wording from the fed will be "funny".

 

[apitrader]

 

[Lawrence Chan]

Most of the buying at the previous day close level was done by bots.

Why so active right before fed announcement? I don't know.

i.e. a hint of them working can be seen in the regular tick index where it flies from 600+ to -200 back and forth.

 

[Pekelo]

I see a dragon failure (should have been ) at 1066. (happened actually 2 pts higher) Since the Height is 17 pts. it says 1083 as top SPX...
1074 has been resistance for days now, once we go over it....

 

[Lawrence Chan]

Quote from Pekelo:

I see a dragon failure (should have been ) at 1066. (happened actually 2 pts higher) Since the Height is 17 pts. it says 1083 as top SPX...
1074 has been resistance for days now, once we go over it....

What happen to your longer term view?

 

[Michael.jstocks]

well they're pushing it up into the announcement.
I reckon that means we'll at LEAST get a spike/pop up after the announcement.
So im going long here at 1068.75.
Emergency stop at 1055

 

[lexcorp]

Quote from Michael.jstocks:

well they're pushing it up into the announcement.
I reckon that means we'll at LEAST get a spike/pop up after the announcement.
So im going long here at 1068.75.
Emergency stop at 1055

very good