ES Journal Archive (2011)

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20m went from red to green now flirting with red. Good catch push-up on that last sale, but it didn't hold. Momentum plays don't die easy; so longs here are ill-advised.
 
What I like about ES is the life of the instrument's spread at 12 or so points RTH and less opportunities to trade value RTH, is lack of institution patience. Longevity in this instrument is in finding position plays that are stronger than trapped pikers' ability to move the market with impetus.

It's not impossible to day-trade this market; but it soon will be.

What was a seat before the e-mini? A hundred, a hundred fourty-five? I see both the margin out of reach of Joe the Plumber and a seat only if you own a Senator.

Rate increase!
 
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