wtf was that at 4pm. huge high vol selling

[trader225]

Quote from gov:

Dude, it's a tick, mellow out! FWIW I'm long over in ER2 where we've been having much more fun than your ES. A major shakeout and it dropped a full point in a split second. Lucky I had my stops wide. Just crawling out of the hole now, so just chill--everything looks kosher to me at this point in time.

I'm with you, gov.

 

[notouch]

Quote from Cy_M:

Maybe it's back to basics time............Trading 101, what's the difference between Fresh money flow or stops kicking in and their effects.......hence every Buy and Sell need to be discriminated as to their purpose but, I'm not for teaching 101 level, henc I'll let go of this discussion, specially since the valuable insight and defining the market action through the periscope of Volume don't fortunately seem to be helping you.
good trading

It amuses me that you trade without knowing the basics of futures trading and then try to conceal your mistakes with smart arse comments like that. Of course volume analysis is important but whether a contract is traded at the bid or ask doesn't tell you whether it's "Fresh money flow" or "stops kicking in" as you put it.

 

[trader225]

ES bid at 1498.75. We're climbing! Wall of worry, we are here!

Whoops! Bid just dropped to .....50, but we're still climbing that wall!

You doubters, observe that their isn't much size on the ask!

 

[gov]

Quote from trader225:

ES bid at 1498.75. We're climbing! Wall of worry, we are here!

Whoops! Bid just dropped to .....50, but we're still climbing that wall!

Since we're here at the bottom (tm) I'd like to put my order in. Let's see, I'd like three days of pretty much straight up action for the month end bias thing, then a straight back down the full amount reversal for Friday afternoon. And I'll have a double-double, animal style of course

 

[trader225]

Oh, man! Going down, again? Bid's only 1498.50? Now, 1498.25?
What? Me worry?
It will be a long night, don't be deceived.
Nikkei down about 110!
What will the dax do to us?

Ha ha ha! Bid up to 1498.50. Play with me, babe, play with me!

 

[atticus]

Quote from gov:

And I'll have a double-double, animal style of course

Had one yesterday.

 

[atticus]

Quote from trader225:

Oh, man! Going down, again? Bid's only 1498.50? Now, 1498.25?
What? Me worry?
It will be a long night, don't be deceived.
Nikkei down about 110!
What will the dax do to us?

Ha ha ha! Bid up to 1498.50. Play with me, babe.

That's it man, game over man, game over! What the fuck are we gonna do now? What are we gonna do?

 

[trader225]

Quote from atticus:

That's it man, game over man, game over! What the fuck are we gonna do now? What are we gonna do?

Unless you lack any confidence, the thing to do is BUY, BUY!

 

[Cy_M]

Quote from notouch:

It amuses me that you trade without knowing the basics of futures trading and then try to conceal your mistakes with smart arse comments like that. Of course volume analysis is important but whether a contract is traded at the bid or ask doesn't tell you whether it's "Fresh money flow" or "stops kicking in" as you put it.

Nice try dude, but go figure it out on your own, as far as I'm concerned, the more ignorant you stay the better for me.........yeah you're right how could that have ever identified the flow of fresh money or the profit taking or the stops having kicked in? Daaaaaaaaaaaaaaaaah
It's all in the Delta but, not the limited scope of Delta you've come to read about.
Knowing if one can trade or not can only be measured at 4:15 every trading day. Mine measures at an average of 2% per day in all modesty(Actually 5 but don't want to cause too much annoyance). I know for basic level traders it's been tough yesterday and today, although a dream day for the experts.

 

[Bogan7]

Quote from atticus:

Stress kills. It forces you to be the weak-hand. [/B]

The above is a great and very true statement and one notenough people think about as they trade positions too big for themselevs and get eaten up