ES Journal Archive (2011)

[volente_00]

Quote from eudaemon:

Odds of new yearly highs have increased to at least 2% for the bulls. 1240 is still around 98% for the bears within 2 weeks.

Never confuse odds with payoffs, especially in a leptokurtotic distribution of outcomes.

Never confuse brilliance with a bull market.

Never confuse trading with comedy.

The secret to both comedy and riches is timing.

You should be a comedian


Not a snowballs chance in hell you will see 1240 in the next 2 weeks.

 

[Laissez Faire]

Quote from volente_00:

6 point rth range is about as dull as it gets. Every so often we get a gap and grind day that does not fill. One of my rules is I do not chase price with gaps below or above so I did not take 1 long trade during rth but did scalp from 28 twice but there was no follow through. The monthly IHS is looking very bullish and sets up a perfect low volume summer grind higher. The battle will be at 40. If we break above then long trades will be the easy money til 1400-1420

Duly noted.

I`m currently holding a short myself from 1335. Stop is now tightened to 1334, but I have a buy limit @ 1330. OCO.

Trading as normal tomorrow or will it be another slow day with low volume?

 

[Laissez Faire]

Quote from volente_00:

You should be a comedian

What if he already is

 

[piezoe]

Quote from volente_00:

6 point rth range is about as dull as it gets. Every so often we get a gap and grind day that does not fill. One of my rules is I do not chase price with gaps below or above so I did not take 1 long trade during rth but did scalp from 28 twice but there was no follow through. The monthly IHS is looking very bullish and sets up a perfect low volume summer grind higher. The battle will be at 40. If we break above then long trades will be the easy money til 1400-1420

You, sir, are a very good trader!

 

[volente_00]

Quote from volente_00:

I am cautiously short 35's with a stop at 40 and target of 26-28. Monthly IHS is in play so bulls have the edge

out half at 32.5


stop moved to 38 on the remainder


looking for 26-30 for the rest

 

[volente_00]

Quote from piezoe:

You, sir, are a very good trader!

I do okay

 

[ammo]

Quote from ammo:

add 28,avg 18,stop 38

add 34,avg 21+,41 stop

 

[fishing]

Quote from volente_00:

You should be a comedian


Not a snowballs chance in hell you will see 1240 in the next 2 weeks.

he said the probability for market to make new year highs is 2% but this 2% could happen soon maybe its called variance

 

[ammo]

spx ledge

 

[pauk]

Quote from pauk:

long 1328

This market will always be my favourite one!
closing the long trade here at 1335.5 for +7.5 lovely points

Probably Gonna trade oil now which ill probably lose money on, and then have to run back to the ES to get it back with interest, lol.