ES Journal Archive (2011)

[tortoise]

Quote from JoshDance:

will buy 84, stop 82

it will take a lot of gas to get through today's high

 

[gmst]

Quote from noone3:

long 85, looking for a rally towards the end. otherwise new lows will be the stop

without some news its not going to happen.

And if it does happen, I will become more humble and more aware of my own limitations

 

[zjulian104]

20m Guassian fractal short 1.25m. Buy it.

 

[noone3]

Quote from gmst:

Will we dump again at 4 o clock today like we have been dumping for last 3 days ??

Ohhh man!!! This is the million dollar question! This behavior has killed me lately, either at AH trades on stocks, or at missed opportunities
wtf is going on at 16:00:01 anyways?

 

[kinggyppo]

that's a pretty good analysis, especially about the second gap. I was trying to get you to see the inverse head and shoulders Mr Chan or should I say Dr Chan was talking about. The reason I mention this is that I see them all over the place especially on the idexes. They are widely pointed out by some folks who have been here for a while like Volente. Anyway, I should add that these patterns are not perfect, you are not going to get a double bottom to the tick but you should watch them as other players ARE looking at them, good trading.


pekelo's second gap rule

http://www.elitetrader.com/vb/printthread.php?threadid=75045

 

[ammo]

spx stopped 84,yellow line,upper portion of nip is 88,small ledgeis 82,then a cleavage fill to 74,see if it holds this nip,lot of action today ,moves might be done

 

[Lawrence Chan]

Quote from kinggyppo:

that's a pretty good analysis, especially about the second gap. I was trying to get you to see the inverse head and shoulders Mr Chan or should I say Dr Chan was talking about. The reason I mention this is that I see them all over the place especially on the idexes. They are widely pointed out by some folks who have been here for a while like Volente. Anyway, I should add that these patterns are not perfect, you are not going to get a double bottom to the tick but you should watch them as other players ARE looking at them, good trading.


pekelo's second gap rule

http://www.elitetrader.com/vb/printthread.php?threadid=75045

Am not the only one who see the way how they push it around, just that I am willing to post it here =)

p.s. could have been Dr. Chan but no did not get the chance so calling me LC is fine

 

[JoshDance]

Quote from JoshDance:

filled 84.25, stop 82, target 93

stop to 83.25

 

[JoshDance]

Quote from JoshDance:

stop to 83.25

out -1

 

[gmst]

Quote from noone3:

Ohhh man!!! This is the million dollar question! This behavior has killed me lately, either at AH trades on stocks, or at missed opportunities
wtf is going on at 16:00:01 anyways?

I don't know but let me guess about it. Someone is either testing a new algo in the hft space and its going wrong in its risk management so its selling incredibly fast at 4pm. Remember infineon CL algo gone bonkers.

Other than that the price action says that it has to do with some kind of imbalance. Could be anything - stock/index imbalance, imbalance in an options book, basically some kind of fcuked up risk imbalance.

Final guess - it is some kind of manipulation again by some algo. Could be some discretionary trader as well.