ES Journal Archive (2011)

[pokito]

Quote from wiesman02:

technical trader. My trading is unaffected by this move. Im just trying to make sense of it as to how so many big players can see that data as such great news at 830est to make that push up so high.

This is how the market read it...

U.S. nonfarm payrolls rose by 244,000 in April, the most in 11 months, the Labor Department said on Friday, well above economist' expectations for an increase of 186,000.

"Surprisingly good, strong number here -- this reminds everyone that we are still on the path of recovery," said Jeff Kleintop, chief market strategist at LPL Financial in Boston.

"This might even put a bid back in commodities which have suffered so tremendously this week on the fear that there is no more need for an inflation hedge."

 

[wiesman02]

Quote from pokito:

This is how the market read it...

U.S. nonfarm payrolls rose by 244,000 in April, the most in 11 months, the Labor Department said on Friday, well above economist' expectations for an increase of 186,000.

"Surprisingly good, strong number here -- this reminds everyone that we are still on the path of recovery," said Jeff Kleintop, chief market strategist at LPL Financial in Boston.

"This might even put a bid back in commodities which have suffered so tremendously this week on the fear that there is no more need for an inflation hedge."

appreciate it !

long @1344
stop @1342.50

tagert 1346.50

 

[julian0625]

Short 1345.75

Stop 1347.50

Target 1340~

 

[volente_00]

Quote from wiesman02:

Someone enlighten me here.... unemployment rate goes up, yet the market skyrockets up. Who cares that we added new jobs, the unemployment rate still went up.

10 point gap up ? What sense does that make.

we went. 73.5 to. 25 50% is ~49 and that is how I got my target for my long trade

 

[julian0625]

Quote from julian0625:

Short 1345.75

Stop 1347.50

Target 1340~

Stop moved to 1345.25

We gots a runner!

 

[julian0625]

Quote from julian0625:

Stop moved to 1345.25

We gots a runner!

K maybe not XD plus 2ticks. no follow through anywhere today!

 

[julian0625]

Quote from julian0625:

K maybe not XD plus 2ticks. no follow through anywhere today!

Looking to buy 41-42 at a break. There are buyers in every selloff.

 

[wiesman02]

Quote from wiesman02:

appreciate it !

long @1344
stop @1342.50

tagert 1346.50

edit: thought i posted a second trade in there.

Didn't get b/e, -1.5 on that trade.

+2.5 on my second trade that I thought I posted but didn't. Think i'm going nuts

 

[Now is Now]

BGT 3925...Target 4200

will ADD, if necessary

NiN

 

[julian0625]

Euros tanking, oils tanking, golds tanking, this is a liquidation selloff, buy USD.

Looking to short.

In fact I shouldve still be in a short, yet my stop was too tight.