ES Journal Archive (2011)

[Eddiemorra]

surely cant go up much more, but i've had a record week and im off out for the night.
Good luck everyone!

 

[iloveoptions]

Quote from iloveoptions:

Targeting 1199.5 to exit my 5 lot

Filled... +18.55

Thank you for the short covering mr market!!!

 

[JSHINV]

Quote from iloveoptions:

Filled... +18.55

Thank you for the short covering mr market!!!

Good trade!

 

[ammo]

Quote from JSHINV:

But upon occassion houses act under tremendous fear and panic also.

ii think a few of the hedge funds liquidated,yest,today,morgan,goldie,know this,they stand back ,let them bleed out,then step in and run it up,take profits,wipe,flush, back to biz as usual

 

[iloveoptions]

Quote from JSHINV:

Good trade!

Thank you sir! Still down 125 points for the week, but a far cry from -300 from yesterday.

 

[kinggyppo]

Quote from iloveoptions:

Filled... +18.55

Thank you for the short covering mr market!!!

if you catch a trend like this you may consider market on close.

 

[fishing]

From RAN Squawk earlier: Market talk that S&P may downgrade US after market close today (unconfirmed)

this might be reason of the sell off

 

[JSHINV]

Quote from ammo:

ii think a few of the hedge funds liquidated,yest,today,morgan,goldie,know this,they stand back ,let them bleed out,then step in and run it up,take profits,wipe,flush, back to biz as usual

I was thinking of more of the outliers like 10/87 or the crash of late 08 carrying into the first quarter of 09. But, in general I agree with your premise. Even if we win, we are just riding coat tails of the big boys.

 

[iloveoptions]

Back in with 1 long at 1197

will add 1 more at 1190.75

 

[ammo]

Quote from Buy1Sell2:

This is a discussion for the "scaling thread", but I will make just one point here about this and then will not address again-- Each of these rallies, pullbacks etc is not averaging, but rather each leg is to be treated as one trade with it's own stop etc.

sorry for earlier comment ,not beating on u personally b1s2,there has been a lot of folks who have never tried averaging,or couldn't because they don't have the skill, in your case,i don't think you have the time........(others),and don't have the knowledge/experience to make judgements on it,these folks should just stick to what they know and pipe down..it's a friendly gesture to expose your trading style/position on here and share,and it should be respected ,appreciated,there is money on the line and it isn't easy ,there are many great traders who rarely or never post here any more for that reason..and the few who are still posting are getting more infrequent