ES Traders

Right here is where I think things get a bit tricky for the position trader like myself. We watch the day traders bounce the market up and we wonder if this is "the big bounce". There clearly is a bullish divergence on hourly charts from overnight. What a position trader must do is relax and weather the ups and downs for the overall move .
 
Quote from jackbyrd:

Only good for 4 points if you posted an exit. Sorry.
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So am I still long or did I sell at 1268 yesterday ?


Oh, it is 1268 right now ?


Should I sell now ?


Na, I will sell at 1300.
 
I think Broadening formations can have either flat bottoms or expanding broadening formations (orthodox). YM has the latter while es has the first type-accompanied by the wild volatility that we saw on thick volume and the yield curve being flat and that copper is runnin, - lots of expansion extremes to point at.
NYSE highs and lows are trending lower on the peaks but that could change, seems to be maturing- CSCO won't be there tomorrow but a higher initial claims number is expected.
Also I don't think January's CPI will be that tame- maybe a nother tick in favour of a March rate hike.
That and more goes hand in hand with the broadening formation.:) :mad: :confused:
 
Volente,

Did you buy my short again today at 1268.25. I remeber you bought my short a few days ago at 1286. Maybe this time you will make the 20+ points off the trade.

Good Luck too you Sir. May the best man win.

Actually, I might be wrong but it realy seems that the technicals are breaking down for the ES on thw daily charts, and each rally is more anemic than the last. I think we have more downside potential.

Regards,
Steve
 
Quote from spersky:

Volente,

Did you buy my short again today at 1268.25. I remeber you bought my short a few days ago at 1286. Maybe this time you will make the 20+ points off the trade.

Good Luck too you Sir. May the best man win.

Actually, I might be wrong but it realy seems that the technicals are breaking down for the ES on thw daily charts, and each rally is more anemic than the last. I think we have more downside potential.

Regards,
Steve
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Are you going to tell me you covered that 1286 at 1257 today ?


Hope T day does not the rest of your profit.


Good luck to you too.
 
I actually covered that short from a few days ago at 1265.50 monday. I have a tight stop on the current short I am holding from 1268.25 just in case I am wrong which does occur every now and then.

Regards
Steve
 
Quote from volente_00:

So am I still long or did I sell at 1268 yesterday ?


Oh, it is 1268 right now ?


Should I sell now ?


Na, I will sell at 1300.
More...

In that case, it appears you will have yet another losing trade sir. It is most unfortunate that you have made a public spectacle of your awkward and imprecise methods.
 
Quote from jackbyrd:

In that case, it appears you will have yet another losing trade sir. It is most unfortunate that you have made a public spectacle of your awkward and imprecise methods.
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Oh great now according to birdmath 1264>1268.
Did you forget the alliagator definition from 3rd grade?
 
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