I am being SQUEEZED!!!! by the ES
- Thread starter saxon22
- Start date
SPX 50day moving average support sits around 1,175
4 bar run up from 1,175 to 1,225
Breakout could occur above 1,227
If no breakout, then 50% retracement puts it back around 1,200
Say your Fibonacci prayers, and best of luck!
Sorry to hear that dude.
I think there is a 60 Minutes interview with Bernanke this Sun where he is going to hint at more QE. It may have been the reason the market did a hi-ho into the close Fri.
But, ya know, it's not the news, it's the reaction to the news that matters...
I think there is a 60 Minutes interview with Bernanke this Sun where he is going to hint at more QE. It may have been the reason the market did a hi-ho into the close Fri.
But, ya know, it's not the news, it's the reaction to the news that matters...
The perception here on ET about how things really get done on a fund or IB desk or an institutional level (mutual funds) is amazing. Completely naive. And really seperated from reality. In fact, delusional. Again, Jack Schwaeger has ruined the world and bankrupted many with his tales of market timing and directional risk.
I have traded for a commercial. I have traded for a HF. I still trade my own account and a couple prop private equity accounts. My TT Pro platform splits up my orders between 3 account numbers. My minimum order size default setting is 30 lots.
An IB, for example, doesn't take a newly minted Harvard MBA and let him scalp 2000 lots in the ES based upon tic data and divergence between a 3 period ROC and a 5 period MACD. Oh, hell no.
Yeah, GS just sold 5,000 CL futures in a block trade on ClearPort, but is was because they are long a tanker in the Strait of Hormuz.
Citadel just 1000 2 Yr. Note Futures? Guess what, they bought 1,300 Plain Vanilla 2 Yr. Swaps from CALPERs.
Oh my Gosh, Centaurus just sold 200 HHNG Swaps on ICE? Well, you don't know that the guy got hit on a bid for 125 July PJM-W Electricity Swaps.
Please be assured that what you think you saw and what is reality is something for you to reconcile.
ALL OF THESE BIG BOYS CAPTURE SPREAD DIFFERENTIALS FOR SIZE. NOBODY TAKES DIRECTIONAL RISK FOR SIZE. NO FUND OR BANK OR PRIVATE EQUITY FIRM ALLOWS DIRECTIONAL RISK.
I have traded for a commercial. I have traded for a HF. I still trade my own account and a couple prop private equity accounts. My TT Pro platform splits up my orders between 3 account numbers. My minimum order size default setting is 30 lots.
An IB, for example, doesn't take a newly minted Harvard MBA and let him scalp 2000 lots in the ES based upon tic data and divergence between a 3 period ROC and a 5 period MACD. Oh, hell no.
Yeah, GS just sold 5,000 CL futures in a block trade on ClearPort, but is was because they are long a tanker in the Strait of Hormuz.
Citadel just 1000 2 Yr. Note Futures? Guess what, they bought 1,300 Plain Vanilla 2 Yr. Swaps from CALPERs.
Oh my Gosh, Centaurus just sold 200 HHNG Swaps on ICE? Well, you don't know that the guy got hit on a bid for 125 July PJM-W Electricity Swaps.
Please be assured that what you think you saw and what is reality is something for you to reconcile.
ALL OF THESE BIG BOYS CAPTURE SPREAD DIFFERENTIALS FOR SIZE. NOBODY TAKES DIRECTIONAL RISK FOR SIZE. NO FUND OR BANK OR PRIVATE EQUITY FIRM ALLOWS DIRECTIONAL RISK.
If you are following your plan, then you are fine. If you don't have a plan, develop one.
1) Risk management, do you have a mental stop, hard stop, time based stop.
2) Do you plan to hold overnight and run the risk of a report affecting your TA.
3) Can the market tell you if you are wrong, or can you not understand what the market tells you.
4) If you speculate on a report, and it does not turn out how you expected, do you start to close down your trade.
Its possible the market will stay at current price, go up, or go down before the contract expires. Anyone that knows for sure, is already rich.
1) Risk management, do you have a mental stop, hard stop, time based stop.
2) Do you plan to hold overnight and run the risk of a report affecting your TA.
3) Can the market tell you if you are wrong, or can you not understand what the market tells you.
4) If you speculate on a report, and it does not turn out how you expected, do you start to close down your trade.
Its possible the market will stay at current price, go up, or go down before the contract expires. Anyone that knows for sure, is already rich.