ES Journal Archive (2011)

[bigsnack]

Quote from JoshDance:

Was wondering where you were B --

I missed a long at the open, and then per usual sat frozen during the great morning short. then I missed the long entry driving to work, and here I am picking up the peanuts after the real circus came and went.

Target at 93.75's hit.

 

[bigsnack]

Quote from JoshDance:

you long 8950?

I wasn't patient enough, so my fill was 90 evens. The 50% touched to the tick though

 

[JoshDance]

Quote from bigsnack:

I missed a long at the open, and then per usual sat frozen during the great morning short. then I missed the long entry driving to work, and here I am picking up the peanuts after the real circus came and went.

Target at 93.75's hit.

nice job! Is that a 61% fib extension or something?

 

[gmst]

Quote from ammo:

your logic is right on the movement but style of trade will get you killed,or rich,likely the first one,these entry/ exits need to be placed at areas of s/r where there will be a bigger movement coinciding with big money ,everyone on et is just a barnacle on a ship,the object is to spot the ship turning and go with it or get off,never try to run against,when you say be non emotional,you also have to be practical,non imaginative,these computers have no imagination ,only data,you need to find these points and see how the mrkts reacts around them,not around your feel,by the way your feel might work n fx because it's not a feel at all but a keen tool in your brain that recognizes movement that on paper you can't explain,don't apply it to another instrument,that would be projecting that any two woman were alike,couldn't be further from the truth

I read it twice...thanks for your observations and commentary. I agree with everything you said. Especially true about computers trading on numbers and about different instruments part. Thanks.

 

[Laissez Faire]

To clarify, I meant 1214,25 as a long-term short-term target.

50% gap at 1205,25 would be more in line with recent volatility for today provided we take out yesterday`s highs.

 

[ammo]

sh 94.5

 

[letemrun]

Quote from letemrun:

covered ES at 88, long the nq from 2200... looking to gobble up some es long here

edit: long es 87 now

cover es 95, nq 2222... this rth is garbage

 

[bigsnack]

Quote from JoshDance:

nice job! Is that a 61% fib extension or something?

It's -23%. I don't have any stats to back up why I chose that, other than I borrowed the idea from one of the first vendors I was checking out when starting to trade. It gets hit enough that I just leave it up. It will often line up with my 3 / 6 point targets anyway, so it works out.

 

[ammo]

Quote from ammo:

sh 94.5

out 93.75 on the 10 pt spike up in djt back in sh 93.5..99 stop,overtrading,reacting,trying to make lunch and not seeing enough data to change course sneaky suspicion that fomc jargon will drop mrkt to 73

 

[Laissez Faire]

Quote from ammo:

out 93.75 on the 10 pt spike up in djt back in sh 93.5,overtrading,reacting,trying to make lunch and not seeing enough data to change course sneaky suspicion that fomc jargon will drop mrkt to 73

This area is being sold just like yesterday.

While NQ took out it`s daily RTH highs, it is still a picture perfect double top in relation to yesterday`s RTH high. I`m not convinced of the long side yet.

With regards to the FOMC, I can see us flying both ways.