ES Journal Archive (2011)

[Picaso]

Quote from EON Kid:

no its going to reverse

During lunch? Probably?

What about later?

 

[emg]

plan on going short 1351.25

 

[Now is Now]

Quote from volente_00:

Went flat at 36

What happened to your stops at 4500?



NiN

 

[Rickshaw Man]

Nice show for the lunch folks. What will happen when Banana Ben runs out of QE money? you need to be asking yourself this question.

 

[Now is Now]

Quote from Now is Now:

ADD'd 4500...target 4225


NiN

ADJ target 4300

NiN

 

[julian0625]

Quote from letemrun:

Just curious from getting stopped out on your last shot, why not put the stop outside of the highs from the last hour ie 40.5?

I agree with your direction but you need to let it shake everything out

Sorry just noticed your post

Well the reason is my logic on the market is if it tests highs, its GOING to break it by at least a tick. It is very rare that you see the market make a double top TO the TICK.

There is normally at least some sort of stop run, so I'd rather save a tick or two, than get run over.

Unfortunately, this was one of those cases where that scenario didn't play out.

The market always moves TOWARDS (contrary to popular belief) size in the order book. Normally at highs, there are WAY more offers than bids, thats why it normally breaks. You have to watch the dom (even if your not scalping) to judge the power behind moves.

 

[Now is Now]

Quote from Now is Now:

ADJ target 4300

NiN

OUT 4300


NiN

 

[pauk]

Quote from pauk:

long 1340

out +3.75

 

[volente_00]

Quote from Picaso:

And if it doesn't? Thank you.

a 10 point run from 35/36.

 

[volente_00]

Quote from Now is Now:

What happened to your stops at 4500?



NiN

flat means short was closed at 36 when I posted.