ES Journal Archive (2011)

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Quote from volente_00:

You have been bearish forever. The question is why? and why do you continue to fight this train? The move has already been set up on the monthly and unless it gets voided soon we will run to 1400-1420 min this year. Do you intend to add to your shorts from last thursday if we make the run?
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Quote from eudaemon:

I haven't digested your full post yet, but regarding the put backspreads:

When I put it on, the market either starts a 30-40 points correction inmediately (within 1-2 days) or the thing keeps rallying. In the case it keeps rallying my objective is just to get out even, and if so, maybe re-establish the backspread 10-20 points higher (if my forecast is still bearish).

It rarely stays on the sweet spot or drifts lower. So from the management point of view it is simple: Either I get the forecast and score, or I get out even, losing little, and maybe try higher.

I see what you say about that if the thing just drifts to my long strike I lose big on time decay, but that happens less frequently than a continued rally and failed forecast.

Thoughts?.
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http://www.elitetrader.com/vb/showthread.php?s=&threadid=217956

why, why, why ?. why indeed...

I think deep down I gain satisfaction not only from winning but from seeing others hurt themselves in the pursuit of gains. I think it is extremely funny, and reminds me of an earlier me.:p
 

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Extremely positive tick readings after FOMC and since Bubble Ben started talking. I guess the market is liking what it hears :)

1350 or higher should be a given at end of day.

Might see some pullback now given the extreme tick readings lately, but I would not count on it.

The euro is looking strong as well:cool:
 
Quote from Laissez Faire:

Extremely positive tick readings after FOMC and since Bubble Ben started talking. I guess the market is liking what it hears :)
:cool:
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I'm with you all the way. As long as I don't see any TICK prints below -500, I'll be looking for longs only. I'm probably done for the day anyway, but that's my .02!
 
Quote from bigsnack:

I'm with you all the way. As long as I don't see any TICK prints below -500, I'll be looking for longs only. I'm probably done for the day anyway, but that's my .02!
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I think 1350 is a strong magnet now.

The best buy signal this afternoon (and for those who don`t mind trading into FOMC releases) was when the 50% level was taken out with force.

Late longs had the opportunity to enter as price pulled back and found support at the 50%. I believe Wiesman got a very nice entry on his last trade.
 
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