ES Journal Archive (2011)

[creekboy]

Quote from Trvlwanderer:

Why is the 127k at risk? I would consider "funds not-avalable for other opportunities at the moment", but they are not at risk. Catostrophic stop loss is the true risk, planned stop is ventured risk.

your correct -thanks for the response

 

[kinggyppo]

Quote from eudaemon:

What is an uptrend?. What is a downtrend?. What is a retracement?. Does breaking 1267 low of January 20th puts in a downtrend or is it merely a an ABC "retracement" to the "uptrend"?.

From the low of 1932 the market is still in an uptrend, from friday's open or high, the market is in a downtrend, so it is from the 2007 high.

IMO: "Trend" does not exist in the present tense except in the eye of the beholder and only when using another, older price (or trade entry???) as reference.

Please discuss your viewpoint, what makes it "bullish for now and until proven guilty this is yet another retracement and not reversal".

Not attacking, but trying to learn here.

IMO: "Trend" does not exist in the present tense except in the eye of the beholder and only when using another, older price (or trade entry???) as reference.

this is very similar to what Ed Seykota says its all relative to time, price, and your entry, have to run will look for the exact quote when I get a minute.

 

[Nexen]

Some resistance around 85-86 looking to exit there sometime today.

 

[ammo]

theres small res on the spx at 85.68 ish, volume spike on the 5 min es at 81.75, 49k

 

[ammo]

spx

 

[ammo]

short 83.25 on touch of redline edit 2 point stop

 

[ammo]

reduced

 

[ammo]

Quote from ammo:

short 83.25 on touch of redline edit 2 point stop

reduce 78.5...77.75 bid time 1:37

 

[Laissez Faire]

1278.

The NYSE TICK has been trending lower lately with persistent low readings.

The sector screen does not look impressive. Although many are in the green, the sectors are not showing much strength.

If we visit 1278 again and close below, I will look to short.

 

[ammo]

Quote from ammo:

reduce 78.5...77.75 bid time 1:37

77.5 and 73.75 nip on 30 minute mp