ES Journal Archive (2011)

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Quote from Picaso:

LF, the Greek confidence vote is after WS closes - they were going to have it after Europe closed, but it seems that "somebody" had a word with them about it, as in "so you don't want to screw your market, but you're ok with screwing US...?"
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Nice! Thanks!

Where do you usually go for news?
 
Quote from Laissez Faire:

Great call on 47,25. Why? Yesterday`s open? :)
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Actually I wish it was based on something crafty like that, but no ;)

My "perfect trade picture" tends to have an exact target of 6 points. Not always, but more often than not. If I catch the 50% perfectly, then great. If for some reason I'm in a scenario where I might try and chase, then I look to see where the perfect entry would have been, and then count from there to see how much range I have left to try and scalp.
 
Quote from Picaso:

Ultra-short term I think it's a good tell.

Keep in mind, though that it usually has no relation (positive or negative) with the direction of the intraday trend

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LF, the Greek confidence vote is after WS closes - they were going to have it after Europe closed, but it seems that "somebody" had a word with them about it, as in "so you don't want to screw your market, but you're ok with screwing US...?"
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LOL, yes skew shouldn't affect the intraday trend that seems sensible, but in the ultrashort term it seems it is working...too early for me to tell anyways.

The way market has bounced back after the initial selloff it seems it will keep going up, until it doesn't. So, won't be surprised to see it closing way beyond HOD or even beyond 1260 (The catalyst for such a move might be hope that everything will go well in Greece. Thinking loud here - for otherwise, had their been panic and mkt participants wanting to get flat before the weekend, the initial selling wouldn't have turned back in such a sustained way. So, given the evidence, it seems market is going to end up (much) higher on hopes of good result from Greek vote.)
 
Quote from Laissez Faire:

Nice! Thanks!

Where do you usually go for news?
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Vol's Bar & Grill, of course!

Edit: this one I got through a buddy at a hedge fund. Normally the usual suspects: Reuters, etc.

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GMST, keep in mind a third possibility with the highest percentage of probability: we chop around, up a few, down a few
 
Nice breakout of a bull flag (more visible on the 1-minute) now.

NQ at the daily highs now. Look for it to lead the way into the gap fill if that is what happens. :)
 
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