ES Journal Archive (2009 - 2010)

[Nexen]

Quote from MandelbrotSet:

Actually, you don't need an edge to be successful in trading ... it just adds to the probability of success, all of the other items that I mentioned (and that are in the article) work just fine.

But if one were to seek an edge ... the individual would have to find it for themselves, in their own trading ... and not in a trading internet forum or free trading articles from a magazine.

I found that without an edge, even with rock solid discipline the best I could do was break even or make so little money that I would need millions to make a living out of those pesky returns.

In the end, it was not until I discovered a few minor edges on my own, but edges nevertheless, that trading took a turn into the upside.

If you do well without an edge then your edge probably lies somewhere else, you just don't know it.

Good trading to you too.

 

[MandelbrotSet]

Quote from Nexen:

I found that without an edge, even with rock solid discipline the best I could do was break even or make so little money that I would need millions to make a living out of those pesky returns.

There are many wasy to define "edge", basically they give a trader a better than 50/50 odds of success on their trading, which is exactly what you are talking about here ...

Quote from Nexen:

In the end, it was not until I discovered a few minor edges on my own, but edges nevertheless, that trading took a turn into the upside.

Getting an "edge" takes a lot of time, work and looking at the markets from a unique perspective. Glad you found something that works for you, and after the time you put in, I'm sure you see why they aren' given away for free on the internet. :eek:

Quote from Nexen:

If you do well without an edge then your edge probably lies somewhere else, you just don't know it.

I do just fine with my edge(s), thank you very much.

My presentation of the article to the ES Journal was never about me having an edge or not. It was about showing beginning traders how to start approaching the market from a logical perspective, recording their results and working to improve their trading.

Since it is apparent that you have already moved on to the next level of having a small edge, you really didn't need it in the first place.

Quote from Nexen:

Good trading to you too.

Yep

 

[truehawk]

Anyone got any idea who is dumping thousands of shares on the market at 8:30-8-32 EDT for the last 3 days?

My e-signal clock is a minute behind the OEC clock for the same price action,so I it could show up at 8:30, 8:31, or 8:32 for you depending on you data provider but the event itself is discrete and unmistakable.

Someone dumped 15000 at about 8:30 on Wednesday, 20,000 on Thursday, and finally 50,000 on Friday.

Someone spent 200,000,000+ forcing the market down before hours. This was not PPT behavior. The clear intent was to run the DOM down and buy it back lower.
This is where being a hippo in the bath is to their advantage.
It must be nice to have a quarter of a billion to play with.

 

[tomahawk]

Quote from truehawk:

Anyone got any idea who is dumping thousands of shares on the market at 8:30-8-32 EDT for the last 3 days?

My e-signal clock is a minute behind the OEC clock for the same price action,so I it could show up at 8:30, 8:31, or 8:32 for you depending on you data provider but the event itself is discrete and unmistakable.

Someone dumped 15000 at about 8:30 on Wednesday, 20,000 on Thursday, and finally 50,000 on Friday.

Someone spent 200,000,000+ forcing the market down before hours. This was not PPT behavior. The clear intent was to run the DOM down and buy it back lower.
This is where being a hippo in the bath is to their advantage.
It must be nice to have a quarter of a billion to play with.

I don't know, to me the last 3 days' 8:30 moves seemed like very normal reactions to GDP and employment numbers, and not necessarily some conspiracy. In any case, I'm sure the answer to your question of "who" would be the usuals .. Goldman, JPM, etc.

 

[ammo]

just a hypothesis , but if you were a short hedge fund, that had to liquide by 9/30 and the positions were shopped around, add in the fact that we want to mark the end of momth, if you are forced to cover your shorts, make u pay,it all works out for the favored player. None of these hypo's can be proved but the occurence happens often enough that you can hypothetically read into it

 

[ammo]

Quote from ammo:

sh 24.25/23.5 earlier post , flat 22.5, stop also cxled edit reshort 22.75 32 s top, romik can u fix parking tickets......edit add 2.25,,,,,add 23

adde 24.50-25 , looking for 1000 area

 

[[Proximo]]

Dumped some longs here. Should pop a little more, Europe turning green.

1031.50 might be a good spot to get a little short.

 

[[Proximo]]

Waiting for a pop here to get out and go to sleep.

1028 AH's high from Thursday. 1028.75 Flip from 10/1.

Flat now. Going to bed.

 

[wave]

Monday Morning run to 1048.

 

[Lawrence Chan]

Quote from ASusilovic:

J.P. Morgan reports Oct 14th, Goldman reports October 15th....You remember Meredith Whitney´s buy recommendation one day before Goldman´s earnings release ? Expect something similar...

Yes earning season again ...

Need to see how these few days behave to determine where this is going.

The tapes across the board do not add up again.