ES Journal Archive (2009 - 2010)

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Quote from Rashid_G.:

Anyone aware of time of day trends.. Trend days tend to attempt reverses in the afternoon, usually not this early..

Just a bounce on daily 200 MA... lately market goes into "retrace the daily range so far" mode around 11:30.. today however we still have a shitload of volume working.

Watch 10125 volume on the 5 min ES. When bars start printing under that it's dead until the afternoon.

There is (at least) one more red excursion to go.
 
Quote from Eko_Trader:

Are we gonna get a third leg down? Probably not.

This kinda looks like the head to an IHS to me. We'll see how she plays out

And a fourth, a fifth, a sixth and a seventh. And when you get bearish, that'll be the time to cover.
 
Quote from optionsnoob7:

And a fourth, a fifth, a sixth and a seventh. And when you get bearish, that'll be the time to cover.

Indeed. I suppose your short entry was better than my sell against the 100 day call? If not, you might wanna just chill and wait for your fourth, fifth, sixth, and seventh leg down in a single day. Good luck with that.

Holding the 05.50
 
Quote from Eko_Trader:

Indeed. I suppose your short entry was better than my sell against the 100 day call? If not, you might wanna just chill and wait for your fourth, fifth, sixth, and seventh leg down in a single day. Good luck with that.

Holding the 05.50

Indeed it was very likely better, and much more importantly: Bigger.
 
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