ES Journal Archive (2011)

[aquarian1]

To ammo,

Quote from dadog:

Great work ammo,

A bit more bleeding from the 2 sets of stuck longs will set up for a some rewarding long trades.

This coincides with your analysis. Keep them coming

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Quote from ammo:

http://www.elitetrader.com/vb/showt...agenumber=17215 this chart is playing out like a charlie daniels fiddle,now back to cleavage 1303-98 and then to 1275
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I have a question but I can't attach a pic to a PM so here it is:
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Hi ammo,

I don't come to the forum everyday but I did today and dadog quoted your chart. I don't understand what you mean and attached my question on your chart - colors changed so i can see it better.

thanks in advance for any explanation

 

[Blotto]

Quote from Blotto:



Should also mention my target on this trade is 23.25.

You're welcome

 

[Lojanica]

Quote from Blotto:

A correction at or near 18, then likely a move above 18 to 23.50.

Here are my possibilities. Had a good morning so trading more aggressively this session and not going to worry about the outcome of this trade. I've just seen more evidence of bears coming into the market (and of course they are wrong), so I may pull my scale order at 18 as I now believe more in 23. I still like to get some off early on a larger than normal position.

Just so you know your calls were superb today.

17.75 then, 23. Nice.

Can I ask why 1323 was your upside target.

 

[atticus]

Debt deal imminent. Long from 12.00. Small position.

 

[marceck]

China GDP at 10 pm eastern. That's what the market is watching more than anything now, especially AUD.

 

[volente_00]

Quote from Lojanica:

Just so you know your calls were superb today.

17.75 then, 23. Nice.

Can I ask why 1323 was your upside target.

24 was 50% retrace of last major move


23-24 was a r10 and r20

 

[Blotto]

Quote from volente_00:

24 was 50% retrace of last major move


23-24 was a r10 and r20

Yes, but why did I say 23 - 23.25 and not 24? Clearly I was not using the 50% retrace.


What are r10 and r20?

 

[newguy05]

Quote from marceck:

China GDP at 10 pm eastern. That's what the market is watching more than anything now, especially AUD.

gdp slightly better than expectation, looks like a positive/nonevent. futures didnt move.

 

[iloveoptions]

Quote from Blotto:

Yes, but why did I say 23 - 23.25 and not 24? Clearly I was not using the 50% retrace.


What are r10 and r20?

Yes Blotto, tell me why you said 23 - 23.25 (2 ticks higher from where I was about to enter short, till I changed my mind and missed a big move down) ?

 

[pokito]

Quote from Blotto:

Yes, but why did I say 23 - 23.25 and not 24? Clearly I was not using the 50% retrace.

We just hope you trade your own calls...