ES Journal Archive (2011)

[BoyPlunger]

hmm jumpiness feels like quants and hfts trading rapid fire maybe unwinding something. nasdaqs stocks moving higher, banks, miners lower.

 

[Hooti]

Thank you NoD

 

[Macho]

Quote from Laissez Faire:

There are traders in this thread that actually use 200 point stops which was the initial stop on the trade. For all purposes, the risk is now reduced to 8 points @ 1165, the point at which my trade idea would be invalidated.

A risk that I`m comfortable assuming considering my current leverage and the potential reward if the high is in and we get a trend sell day

I would prefer 59-60 to act as resistance from here

Ride 'em cowboy. Something has come unstuck . May see low range 113625.

 

[BoyPlunger]

Quote from BoyPlunger:

hmm jumpiness feels like quants and hfts trading rapid fire maybe unwinding something. nasdaqs stocks moving higher, banks, miners lower.

gold down 15 in 10 seconds. something is up

 

[Laissez Faire]

Quote from Laissez Faire:

Sold 1157. 200 point stop.

The risk is now reduced to 5 points at 1162.

Target is still LOD for now

Will check in later.

 

[mastacoli71]

Quote from diablo11:

Was that just a huge block sell that knocked that down so fast?

driver was fitch downgrade on italy

 

[mastacoli71]

Quote from mastacoli71:

driver was fitch downgrade on italy

this could be the catalyst for the day

 

[Picaso]

Fitch downgrades Spain

 

[JoshDance]

Just shorted 53.25, stop 53.00 now, too volatile to play
target 50.25 and then 40s

 

[JoshDance]

Quote from JoshDance:

Just shorted 53.25, stop 53.00 now, too volatile to play
target 50.25 and then 40s

First half off at 50.25 and second off at 50.75, do not want to hold a retrace to BE