ES Journal Archive (2009 - 2010)

[volente_00]

Quote from ammo:

i.c ...in the chart you'll see that we are a lot closer to the top of the channel(1250) than the bottom,so the greatest profit potential is to the downside,there is also an m pattern which is more likely to leg to the downside to fill, if we were near the lower part of channel, i would probably only play the longside....the current pile upon pile of economic events warrants the greatest risk to the downside,,,you can easily make money to the upside.but any surprise turn of events could wipe out your gains,keep your stops tight

Call me crazy but that chart shows why emg says 575 is the eventual target. If we don't continue to make higher highs then the next lower low is the target on the yearly. IHS already projected to 1230 and we got close. Where is the juice now to make the higher highs ?

 

[startraitor]

Jeez, this is not like performing a circumcision! 3% when trying to catch a larger move is acceptable. Additionally, the notional value of my short position is less than 1/3 of my long, core holdings. Nothing to worry about. Will check back next week!

Quote from Pekelo:

Happy to see you are still alive and well....



Because what is a 30+ pts move against your fully loaded position with no end in sight between friends??

 

[H30]

ammo, does the euro look like it is finding support at this 1.37 area or it has to fall to maybe the 1.26 area to find support?

 

[i_c_fed_people]

Quote from Airwaves:

possibly targeting 1198-1200 area.
Will be waiting for my signals around that area to get long.
May not post entry though. As said ages ago, im really trying to cut down my calls but its kind of addictive.

Good luck all.

Good call! Saved me from adding too early! lol.

 

[JSSPMK]

Quote from volente_00:

Call me crazy but that chart shows why emg says 575 is the eventual target. If we don't continue to make higher highs then the next lower low is the target on the yearly. IHS already projected to 1230 and we got close. Where is the juice now to make the higher highs ?

What would be the main driver behind the drop to 500s? I don't see it.

 

[ammo]

Quote from H30:

ammo, does the euro look like it is finding support at this 1.37 area or it has to fall to maybe the 1.26 area to find support?

next nip is 1.3640-3610,hitting a previous top at the moment, if below that nip, then .35 ledge, then another previous top

 

[kinggyppo]

Quote from Picaso:

I guess that when you say "inevitable", you mean "probable".

Good luck/skill, though.

c fed people sounds like a complete idiot when he makes statements like this, you are being nice. If he keeps thinking like this its just a matter of time till he is on the wrong side of a multi sigma move, but then you can't really keep anyone from falling in the ditch.

 

[ammo]

Quote from JSSPMK:

What would be the main driver behind the drop to 500s? I don't see it.

credit implosion,i think like the cold war, there is a lot of positioning amongst the den of thieves controlling the world currencies,if/when the positioning doesn't work....or the wolves see a weakness as in bear and lehman a few years back,what 'll keep em from going for the kill

 

[kinggyppo]

http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average

 

[Picaso]

Quote from kinggyppo:

http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average

Nice!

I don't think ICF is stupid, he's probably a young man with little experience in the markets. Cut him some slack, he'll learn - whether by careful observation and research or by hard experience.