ES Journal Archive (2009 - 2010)

[volente_00]

Quote from Lawrence Chan:

Bots are smart, they sell in front of liquidity.

Obviously they detected sell pressure directly above, thus keep flipping their longs out.

When NQ DT, there will be no more reason to go up.

High risk to go long from here.

H and S on cash again, would project to 34.5 es


Shoulder either holds are we are going to 39.5 - 41.5 es

 

[JSSPMK]

Quote from Lawrence Chan:

Look at tick index.

Effectively non-stop buying.

And not going higher.

Their calculators ran out of digits

 

[volente_00]

sellers better step up to block the higher high

 

[piggie2000]

This isn't rigged? Whens the last time we had a 2 pt range on the es for 4 solid hrs? I sure can't rememeber

 

[hermit]

There is no point to be short above developing POC either though.

New persistent highs in TICK now.

 

[hermit]

Quote from piggie2000:

This isn't rigged? Whens the last time we had a 2 pt range on the es for 4 solid hrs? I sure can't rememeber

It isnt rigged, the sideways market is due to overlap of old value areas.

 

[ASusilovic]

Quote from Lawrence Chan:

Those higher lows are bots made to make it looks like higher low.

That's their way to paint the picture.

LC,

must read

http://www.defendtrading.com/SubpennyinginDarkPoolsCompromisingNBBO.pdf

Proposal to Review SEC Rule 612:
The Sub Penny Rule
SEC rule 612 was implemented to protect the
integrity of the NBBO (National Best Bid and
Offer). It has come to our attention that the rule
needs to be reexamined and opened up once
more for public comment. It is our belief that
Broker-Dealers and Algorithmic programs (also
known as High Frequency Traders) are
circumventing the current rule by stepping
ahead of the NBBO through the use of dark
pools and in-house trading.

 

[flatron]

Quote from blackjack666:

Thankyou Mr Market

out here at 1137 as planned for +4

Doesn't get easier than that. A silly drop like that in such a good market HAS to be bought.

nice

 

[MarketOwl]

Quote from Lawrence Chan:

Bots are smart, they sell in front of liquidity.

Obviously they detected sell pressure directly above, thus keep flipping their longs out.

When NQ DT, there will be no more reason to go up.

High risk to go long from here.

I agree. Its gonna be a swift selloff soon. The bulls are way too comfortable right now.

 

[opt789]

Quote from piggie2000:

This isn't rigged? Whens the last time we had a 2 pt range on the es for 4 solid hrs? I sure can't rememeber

Then why are you trading it or even watching it? Other instruments are having large and volatile moves which present better trading opportunities.