ES Journal Archive (2006 - 2008)

I don't like to divulge my stops...for obvious reasons. But at this moment in time, I'm deep in the money, so I'm not too concerned.

 

ES prints under 25; the high of the hour--30--looks like it's going to be another layer of resistance.

Three lower highs on the hour bars--34.5, 33, and 30--suggest retest of the low.

My five-year old daughter just asked me why I cannot be outside with the rest of the family (kids off from school). I really can't think of a good enough reason not to join her. The market will always be here.

Good luck, guys. Happy Thanksgiving.

 

Out at 24.50; too many deltas.

 

if it can get down to 1400, will hold for fomc....50 basis cut.

credit markets globally projecting 50 basis...

 

Can you enlighten this newbie as to why?

 

Because institutions are reading elitetrader looking for where posters put their stops so they can gun them down.

You didn't know this?

 

Because institutions are reading elitetrader looking for where posters put their stops so they can gun them down.

You didn't know this?

 

I've earned my own newbie status for that very reason, haven't you noticed?

Seriously, I already replied to mbusch that the price would fall anywhere between 24 and 26. Now can you guess where my stop might be?

 

Long 2008.50. Target 2020.

Can't disclose my stop for obvious reasons. The institutions are watching.

 

Stopped out at 1426.25 for +1.5. Was holding out for 1423.25 but missed my sell order by one tick.

Now flat.