Jump to content



Photo

Pain Inc. Short ES


  • Please log in to reply
45 replies to this topic

#21 rkd80

rkd80

    Member

  • Traders-Talk User
  • 2,385 posts

Posted 07 May 2009 - 09:01 AM

after wrote that decided to pop it Short 926.26 es stop in an hour or so.

Z


Downside into 11:00, if 910 is broken, downside into close

Well that would be nice for a change. just sold 40% at 819 +-7.25

Z


819, I wish! :)
“be right and sit tight”

#22 MoneyFriend

MoneyFriend

    Member

  • Traders-Talk User
  • 917 posts

Posted 07 May 2009 - 09:05 AM

Fugly profile this AM, means they don't much like these levels up here after all.

Posted Image

Come on baby crack 910, let's bring back some volatility to this sitting duck pond.

Edited by MoneyFriend, 07 May 2009 - 09:10 AM.


#23 IndexTrader

IndexTrader

    Member

  • TT Patron+
  • 7,694 posts

Posted 07 May 2009 - 09:10 AM

Don't know if you guys noticed the NQ this AM....this thing was especially ugly off the open. IT

#24 zoropb

zoropb

    Member

  • Traders-Talk User
  • 7,059 posts

Posted 07 May 2009 - 09:13 AM

Q's are crapping again today.


Naz leadership has definitely waned, but in this type of rally and the amount of euphoria among people - I doubt it matters. I am looking at high volume drops recoiling off the gap resistance and so far this is happening. This rally however has had an interesting pattern:

Buy morning low, sell 3 oclock.

If the bounce does not materialize within an hour, we might be in for another potential exhaustion day.

rk there is always some kind of pullback even if it is a little higher I would use that one to lighten up. maybe around 875 if this was a st top. We will go higher after this no doubt. You do not end 17 months of drop in 2. That is a fantasy. 4-6 is a min.

Z

Short to the gold buy trade: from 2900. Day total: 12/14   +26.75

Total +503.25

 

I run a traders Blog with high probability targeting on ES , closed to any new members.


#25 zoropb

zoropb

    Member

  • Traders-Talk User
  • 7,059 posts

Posted 07 May 2009 - 09:17 AM

Don't know if you guys noticed the NQ this AM....this thing was especially ugly off the open.

IT

Dude I am riding this pony. sold 10% more at 914 50% from 926.25
stop on rest 823.75 will re-short the rest on good pop
Z

Edited by zoropb, 07 May 2009 - 09:19 AM.

Short to the gold buy trade: from 2900. Day total: 12/14   +26.75

Total +503.25

 

I run a traders Blog with high probability targeting on ES , closed to any new members.


#26 rkd80

rkd80

    Member

  • Traders-Talk User
  • 2,385 posts

Posted 07 May 2009 - 09:22 AM

Z, I dont know if I necessarily agree with you about the idea that we cannot just reverse and plunge. There have been quite a few examples of bear market rallies ending in an extremely sharp reversals. Most tops are generally prolonged affairs due to the dip buys and short covering, bear market rally tops have the potential of a mega drop because they are built on sand. This morning bounce is going to be important to watch, every day someone stepped in and tomorrow's continuation. Obviously this is just theoretical mumbo jumbo, you are in and you are out and that is your style. I am mostly an IT kinda guy, but if we do not fail by tomorrow I am hedging.
“be right and sit tight”

#27 IndexTrader

IndexTrader

    Member

  • TT Patron+
  • 7,694 posts

Posted 07 May 2009 - 09:23 AM

Don't know if you guys noticed the NQ this AM....this thing was especially ugly off the open.

IT

Dude I am riding this pony. sold 10% more at 914 50% from 926.25
stop on rest 823.75 will re-short the rest on good pop
Z


I sold the open too...but I already took my profit. Got a feeling I may regret it. :lol: Dang that NQ is ugly.

IT

#28 MoneyFriend

MoneyFriend

    Member

  • Traders-Talk User
  • 917 posts

Posted 07 May 2009 - 09:24 AM

Posted Image
;)

This sure feels like 4/20 pt deux.

Edited by MoneyFriend, 07 May 2009 - 09:26 AM.


#29 zoropb

zoropb

    Member

  • Traders-Talk User
  • 7,059 posts

Posted 07 May 2009 - 09:24 AM

after wrote that decided to pop it Short 926.26 es stop in an hour or so.

Z


Downside into 11:00, if 910 is broken, downside into close

Well that would be nice for a change. just sold 40% at 819 +-7.25

Z


819, I wish! :)

:lol: :lol: :lol: :lol: rk in the middle of battle it is hard to post and type sometimes but you should know that about me by now bud. Suck at typing. :D

Short to the gold buy trade: from 2900. Day total: 12/14   +26.75

Total +503.25

 

I run a traders Blog with high probability targeting on ES , closed to any new members.


#30 zoropb

zoropb

    Member

  • Traders-Talk User
  • 7,059 posts

Posted 07 May 2009 - 09:29 AM

Posted Image
;)

This sure feels like 4/20 pt deux.

Lmao :lol: :lol: :lol:

Great but not yet we still have one more round to go after a dip.


ok dumped the rest 910 to tempting nice morning about 16.5 I guess

will re short in a bit.
Z

Edited by zoropb, 07 May 2009 - 09:31 AM.

Short to the gold buy trade: from 2900. Day total: 12/14   +26.75

Total +503.25

 

I run a traders Blog with high probability targeting on ES , closed to any new members.