ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from JSSPMK:

LC, looking over the weekly chart's histo (various stock markets) suggest that something bearish is around the corner, wouldn't you say?

Assuming the weekly is forming a new uptrend to neutralize its oversold condition ... we are now sitting at a window where a pull back is due.

The hard part though ... how much? As there is no swing in between this up move on the weekly, my guess is anywhere from 50% to 100%+

=)

 

[Lawrence Chan]

Quote from [Proximo]:

7 months of non stop upward movement with no pullbacks.

You think?

As ES is pushed up mainly due to financial stocks short squeeze (to start), and then HFT bots raiding the price ladders, its price level is no longer reliable when compared against its foot print from 1 year ago.

I found NDX works better in the current situation and its formation points to a deep pullback soon.

 

[apitrader]

Kids, run, as fast as you can.

"as... fast... as... i... can...?"

As fast as you can.

 

[flipflopper]

I'm going to early call a gap fill.

 

[kinggyppo]

if you trade spy keep an eye on 107.04 that is where the last lower high was made, double top at 108 still holding for now.

 

[JSSPMK]

L1063.5 s1062

*-1.5

 

[JSSPMK]

L1061.75 s1060

 

[jjj1000]

Quote from jjj1000:

Short spy 106.77
Stop 107.77
target 105.77

A reversal can be on the making today... because nobody believes there will be one...

Out at 106.63 - Fear of a rally, but still believe gap filling today (but not enough to bet). Panic was lacking on the selling, that was main reason to exit

 

[MandelbrotSet]

Quote from MandelbrotSet:

Long @ 1065.50
Stop @ 1062.50
Target @ 1067.50

Trade (obviously) stoppped out, breakout signal proved to be a false one on my end, even if the trade did go 4 ticks in my favor before the afternoon drop.

***

Nice risk management JSSPMK, I see now. You think it's better to just take the short-term loss and wait for the next signal, whereas my approach is to attempt to give the trade room-to-work until I hit a minimal profit target.

Good trading

 

[ammo]

Quote from ammo:

covered these 46, reducing position 25%

add 61-2, avg sh 1041 area