ES Journal Archive (2011)

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Nice 4 point swings here. Easy to get chopped up, but currently we are putting in higher lows (looking at the 5-minute).

Took a few losses this morning. Currently having a hard time to commit to anything.

Maybe a sell stop around 62-63.
 
(Apologies for the overly numerous posts)

"Effective immediately, and until further notice, CME's Emergency Financial Committee, in accordance with rule 975, is limiting all trading for customers of MF Global for liquidation only.

In addition, and until further notice, CME Group will no longer recognize MF Global or any of its divisions as a guarantor for purposes of floor trading privileges. Accordingly, floor brokers and traders guaranteed by MF Global or its divisions may not access the trading floor. The foregoing actions have been taken based on circumstances regarding the financial condition of MF Global.

CME Clearing will process any transfers at the last settlement price at the request of customers. Such positions will need to be re-margined at transferee firm. Customers wishing to execute a liquidating trade should contact MF Global."
 
Quote from Picaso:

Does anyone here wait for the close of the bar to enter/exit trades or you only use price (but not time) levels?

Thank you.
More...

I don`t have it as a hard rule, but observing all the large wicks that 5-minute bars have around certain levels or trend lines, it is obviously easy to get trapped if one does not wait for the bar to close.

Then again. Why 5 minutes? Could easily be random.

5 minutes is however more important than 1-minute, considering how time validates price. :)
 
the last 4 days.. new HOD Wednesday. gap up thursday, climb much higher. consolidate friday. gap down today.

wouldn't be a bit surprised to see this fill the gap above, but not betting on it yet :D
 
Quote from Laissez Faire:

Picaso: Any idea how that will affect today`s trading?
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I'm getting more and more convinced that we close at the lows for the day

18 Oct 2005 Refco bankruptcy

(Not much volatility, but closed at the LOD - then again, next day recovered everything and then some - T-day anyone?)
 

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