ES Journal Archive (2009 - 2010)

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Quote from wave:

Drawdown was -46,000, now up +33,000 and counting.
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That is app. 150 contracts with the average price of 1043 or so....

B2S2 should be listening....
 
Quote from wave:

Only Goldyman and the three bears knows that answer.
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I have difficulty to agree that anyone can manipulate index futures during rth. The index represents trillions of stocks. No body has the resource to manipulate it except the Fed printing money.
 
Quote from adadadog:

I have difficulty to agree that anyone can manipulate index futures during rth. The index represents trillions of stocks. No body has the resource to manipulate it except the Fed printing money.
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Wrong. A simple buy program at the value of $5 mil on 10 big caps can move ES up by 5+ pts in busy time. And during thin mkt environment, you get better bang for the buck like 8 pts.

Read and learn how the 3 major indices are calculated.
 
Quote from wave:

That I don't know. We could easily touch 67 today.
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57-59 is first expansion target. May react there.

Edit: EURUSD failed to breach 1.48 with a lower high ... then ES stalled. Are we trading ES or EURUSD here anyway? =P
 
I am pretty good at 3rd grade math, because I left elementary school in the 6th grade.

Quote from wave:

At 1067, where I expect a slight pause, total profit will equal 150,000 3x the initial risk.
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Really.... Since the lowest ES where you could have gone in was 1037.25 that would be a 30 pts gain. (and of course, you can't have an average price of 37.25)

150K / 50$ / 30 pts = 100 contracts

So your position (supposed you are not BSing us) has to be way closer to 150 contracts than less than 70...

On the other hand if the position is 140 contracts with an average price of 1045.5 that would make it 150K when reaching 1067.

But again, I only have a 6th grade education...
 
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