ES Journal Archive (2009 - 2010)

[Eko_Trader]

Quote from volente_00:

Short 1157.75


1163 stop

Target 1137-1147



This is a very risky trade but I like it here at R10

Risky trades tend to be the best, buddy.

 

[volente_00]

Quote from volente_00:

Short 1157.75


1163 stop

Target 1137-1147



This is a very risky trade but I like it here at R10

Out 1/2 at 1151.25.


Out remainder at 1151.5


too much uncertainty before the number.

 

[Brianharvey]

Quote from Brianharvey:

Closing that for +6 here!!!!
This is friggin' awesome!

Gonna get long again and keep adding.
First long will be at 57

Thankyou ES!!!!

adding long here at 1151.5

 

[ASusilovic]

Quote from Blotto:

Why would it matter? No one entity can make more than a temporary ripple in such liquid markets. 800 bigs isn't enough supply to have a meaningful impact in the timeframes you discuss.

Sure, doesn`matter at all. Last time they did 800-1000 in the pit, S&P went down 60 handles.

Before that, they bought 1200 through one particular session and we went up 70 pints the next couple of days weeks.

Really "bad" trades.

 

[lurefo]

Holy crap, NQ took a hell of a beating on the numbers.

 

[volente_00]

Look at that candle. r10 in 5 minutes. My 47 cover would had got hit but was not worth the risk to me.


Wonder how many shorts got trapped on that move down.

 

[Pekelo]

Quote from ASusilovic:

Sure, doesn`matter at all. Last time they did 800-1000 in the pit, S&P went down 60 handles.

Blotto had a bunch of valid points. Unless you know the reason (and actually the direction) behind the trade, it is rather meaningless. Maybe they closed out their huge long swing position from 3 weeks earlier....

 

[Brianharvey]

Quote from Brianharvey:

adding long here at 1151.5

sweet. closing that here for +5

 

[volente_00]

Quote from ASusilovic:



Sure, doesn`matter at all. Last time they did 800-1000 in the pit, S&P went down 60 handles.

Before that, they bought 1200 through one particular session and we went up 70 pints the next couple of days weeks.

Really "bad" trades.

Back in early august GS were big sellers above 1120 S&P. 4 weeks later we hit 1040's. With the ability to mask with the emini, the pit trades are not as relevant anymore but for the brief time I have followed what they do, there seems to be some sort of correlation.

 

[Lobster]

Quote from Pekelo:

Blotto had a bunch of valid points. Unless you know the reason (and actually the direction) behind the trade, it is rather meaningless. Maybe they closed out their huge long swing position from 3 weeks earlier....

Well, the thing is GS isn't just a couple of prop traders playing a couple of markets. We may never know the reason why the markets tend to move in their direction. Do they have control devices implanted in businesspeople's and politicians' brains? Do they have genetically engineered psychic monkeys strapped into a quantum computer? We may never know, but what we do know is that the markets tend to go their way. Given the choice between knowing about their trades and not knowing, I would probably choose the former.