ES Journal Archive (2009 - 2010)

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That's today? what did he make yesterday then? assuming this is a outlier, what's his typical day P&L?

Quote from Blotto:

If you traded in Q4 '08 you'll like this. ES is 0.5 wide in more than 50 contracts for a few minutes today.... NQ 0.5 too. The good old days are back? I'm going to post this here, rather than in trading blotters as it isn't my blotter and I don't want to piss off the mods.
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ES likely to print 1190.50 after the announcment.

How is everyone positioned?

If we don't get the spike up first, downside looks an excellent opportunity to accumulate around 1183-84 for the move up.

Wouldn't want to see it below 1180 before 1190 - I'd need to re-think.
 
Quote from Blotto:

ES likely to print 1190.50 after the announcment.

How is everyone positioned?

If we don't get the spike up first, downside looks an excellent opportunity to accumulate around 1183-84 for the move up.

Wouldn't want to see it below 1180 before 1190 - I'd need to re-think.
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If we're going to move up, we gotta run stops first and shake out the weak hands. I am looking for 1195 today. Let's see if we get it. However, if we head to 1178 again w/o a strong bounce, I'll be looking for 1170 easy.
 
Quote from Blotto:

Final thoughts - no reason to short these markets yet....pay close attention to what has happened earlier. Kudos to those who made points earlier.
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I have a short bias, what can I say. When price failed to break through the 20-bar MA on my 3 month daily chart and then failed again and sold off a lower high, I took it as a short signal.

Then later when price spent 45 minutes moving all the way back up, failed again (double top) and left a lower high, I took that as a short signal. I thought, "Cool, we're trading in a predictable range before the FOMC," and I was initially targeting 1183 zone for support again. As luck would have it price tanked hard, I saw the Spain downgrade, then I lowered my target to near the LOD. Then it bounced pretty good at the 1183 zone and I thought I was gonna be Greeked again (OK, Spained) and was just about to bail so I could get something out of the trade, and sellers piled right back in. Retrace of the entire 45 min move up in about 15 mins.

And that's why I have a short bias.
 
Quote from Eko_Trader:

If we're going to move up, we gotta run stops first and shake out the weak hands. I am looking for 1195 today. Let's see if we get it. However, if we head to 1178 again w/o a strong bounce, I'll be looking for 1170 easy.
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How about a quick pop upside to take stops above 90, then an aggressive "shake out" down, accumulating for another drive back up into your 95?
 
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