Gub's ES Journal
- Thread starter Bakinec
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Someone bought 10K contracts on a 5-minute bar ending at 0800, moving ES up 2 points!
Durable Goods report comes out at 0830, followed by Consumer Confidence and S&P/Case Shiller Home Price Index at 0900, and another Consumer Confidence at 1000.
Follow them? Or wait for the release?
Not following.
Durable Goods report comes out at 0830, followed by Consumer Confidence and S&P/Case Shiller Home Price Index at 0900, and another Consumer Confidence at 1000.
Follow them? Or wait for the release?
Not following.
Durable Reports were supposed to come out at 0830. I don't have direct news feed yet, so don't have the number. Bloomberg and other news outlets don't have the numbers out either. But it's already 0835, and ES didn't even make a tick in either direction.
I'm confused
I've read that it's an "Advance" report, and that the "Full" report comes out September. Maybe that's why it had no effect on price?
EDIT:
It appears I ignored the release at around 0730 that the Beard got renominated as Fed chairman. This probably spurred the move upwards.
I'm confused
I've read that it's an "Advance" report, and that the "Full" report comes out September. Maybe that's why it had no effect on price?
EDIT:
It appears I ignored the release at around 0730 that the Beard got renominated as Fed chairman. This probably spurred the move upwards.
http://biz.yahoo.com/c/ec/200935.html
It says August 25th and 26th. But I should've known better when I noticed that Bloomberg's Economic Calendar didn't have it out for today! Freaking Yahoo
Gub, come on man, you have a recipe for disaster here.
2 months experience + trading 10 lots = acct blowup.
This is an almost sure fire equation, scale it back and take it slow if you want to survive and then thrive.
2 months experience + trading 10 lots = acct blowup.
This is an almost sure fire equation, scale it back and take it slow if you want to survive and then thrive.
You HAVE to, the ES is so ultra competitive and therefore is not something you can just walk in to as a rook and throw around size (unless you have unlimited funds).
I'm telling you, if this is something you are serious about doing, you have to scale it back and get consistent (months of consistency) before sizing up.
Believe me, I've been trading the ES full time since you were 8 yrs old. If you want to make it, you gotta start small (1 lot) and work your way up as your experience level and market competency grows.
I'm telling you, if this is something you are serious about doing, you have to scale it back and get consistent (months of consistency) before sizing up.
Believe me, I've been trading the ES full time since you were 8 yrs old. If you want to make it, you gotta start small (1 lot) and work your way up as your experience level and market competency grows.
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