ES Journal Archive (2006 - 2008)

You don't see NDX getting above 1925 before expiration?

 

nice trade! I was looking at this entry level as well and put this trade on at 1434.50 but my trailing stop got taken out at 1435, for +.5.

Probably should have given myself more room, but don't like to put trades on with not much time left in RTH.

 

Sure, I may enter again. It was essentially a PPI-play. I am long deltas in an SPX DNT, so I wasn't comfortable with a doubling of my index deltas.

 

trading the price action instead of the price... lot of people try to trade the price instead of the price action and end up loosing money.

price action is bearish, and trend is locked for the day.

edit: buyer bouycott.

 

Double bottom anyone ?

 

Best adage I've read in ages.

 

not with news out on low liquidity situations at clearing...type firms.

 

It ran up 11 points first and some of us were long while some were sleeping. See you at 1480 cash

 

I don't think this is a bottom, I think it's a bear flag and we're bound for still lower. I'm short from 1444.00, target somewhere below 1430. WIll probably hold into AH if we don't get there in the next 20 minutes.

EDIT: I rest my case.

 

next support at 1410.

bigboys are frozen....locked in a mental mind loop..the lower it goes, the more losses....and more redemptions.. cascade.