ES Journal Archive (2011)

To ammo,

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Quote from ammo:

http://www.elitetrader.com/vb/showt...agenumber=17215 this chart is playing out like a charlie daniels fiddle,now back to cleavage 1303-98 and then to 1275
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I have a question but I can't attach a pic to a PM so here it is:
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Hi ammo,

I don't come to the forum everyday but I did today and dadog quoted your chart. I don't understand what you mean and attached my question on your chart - colors changed so i can see it better.

thanks in advance for any explanation

 

You're welcome

 

Just so you know your calls were superb today.

17.75 then, 23. Nice.

Can I ask why 1323 was your upside target.

 

Debt deal imminent. Long from 12.00. Small position.

 

China GDP at 10 pm eastern. That's what the market is watching more than anything now, especially AUD.

 

24 was 50% retrace of last major move


23-24 was a r10 and r20

 

Yes, but why did I say 23 - 23.25 and not 24? Clearly I was not using the 50% retrace.


What are r10 and r20?

 

gdp slightly better than expectation, looks like a positive/nonevent. futures didnt move.

 

Yes Blotto, tell me why you said 23 - 23.25 (2 ticks higher from where I was about to enter short, till I changed my mind and missed a big move down) ?

 

We just hope you trade your own calls...