ES Journal Archive (2009 - 2010)

[Mike Okistini]

Quote from JSSPMK:

It's getting funny, ratio of bulls is high here & I don't see anything bullish, apart from price going up today.

Funny how most people see it as ES moves from 1065 to 1077 and you stare at it in disbelief. The worst thing a trader can do is demand a reason for a price move when they do not believe it. If all you see if price going up, shouldn't that be enough?

Do not let your bias blind you, if market is going up then that is all the reason it needs to go higher. You are all ripping into Atticus while his long from 1062 synthetically is up 18 points almost.

 

[pokito]

EUR consumer confidence @ 10:00E...not sure if it matters much.

 

[JSSPMK]

Quote from Mike Okistini:

Funny how most people see it as ES moves from 1065 to 1077 and you stare at it in disbelief. The worst thing a trader can do is demand a reason for a price move when they do not believe it. If all you see if price going up, shouldn't that be enough?

Do not let your bias blind you, if market is going up then that is all the reason it needs to go higher. You are all ripping into Atticus while his long from 1062 synthetically is up 18 points almost.

Calm down Señor please.

I only have respect for Atticus.

Secondly, just because price is oscillating doesn't constitute a trend change. My reverse order is 1,130 ES.

 

[Picaso]

Quote from pokito:

EUR consumer confidence @ 10:00E...not sure if it matters much.

It's a pre-release of the initial prevision... sounds like the Marx Brothers

 

[Pekelo]

There is a possibility of dragon Failure around 1079 ES. That is also the SMA 9 line on cash, the usual boundary. Until we convincingly clear that, we might fail and since the Height is 30 pts, we would get down to 1050ish...

Edit: So far it looks like we are having a Failure, down to 1074. Short 1074 SL 1081 T 1050 sounds a good r/r....

 

[Eko_Trader]

Quote from JSSPMK:

It's getting funny, ratio of bulls is high here & I don't see anything bullish, apart from price going up today.

M&A talks are typically considered bullish. I don't believe we have a trend change just yet, just a counter trend rally as mentioned by another poster here.

 

[owusu]

I was hoping the bulls can push it to th 50 DMA at 84, for me to short, but it did not materialize. Oh well, I'll just wait for another setup

 

[volente_00]

gap fill below sets up a IHS on cash chart

projection is 92-94 cash

 

[Eko_Trader]

Quote from volente_00:

gap fill below sets up a IHS on cash chart

projection is 92-94 cash

Which gap?

 

[emg]

Good Morning Traders!