ES 10-09-08


  • 0
  • Akola
  • 9-Oct-2008 at 9:25 AM
  • Rep: 100
  • Posts: 323
buying @ 998.5

stop 994.5

i think it goes to 1010 - 1015 and back to the lows.
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  • BruceM
  • 9-Oct-2008 at 10:21 AM
  • Rep: 216k
  • Posts: 19.9k
seems like nobody wants to buy this gap up.....that makes cents........market has been selling off so would YOU want to chase a market higher that has been in a downtrend? Not me!!
  • 0
  • CharterJoe
  • 9-Oct-2008 at 10:22 AM
  • Rep: 4,475
  • Posts: 2,352
I am out flat and short at 993.
  • 0
  • BruceM
  • 9-Oct-2008 at 10:27 AM
  • Rep: 216k
  • Posts: 19.9k
got 88.75 ..trying for 81 on last one..or else 94.50 will take it out
the character of the market is different so from yesterday. Big $ was a buyer yesterday and small $ was a seller. Right now for the pit session bigs are -12600 net contracts and small $ is +8500 net contracts
  • 0
  • Akola
  • 9-Oct-2008 at 10:29 AM
  • Rep: 100
  • Posts: 323
still holding short from 1006 area


  • 0
  • BruceM
  • 9-Oct-2008 at 10:34 AM
  • Rep: 216k
  • Posts: 19.9k
missed the 81.25 fill....stopped out at 82.75......flat now
  • 0
  • BruceM
  • 9-Oct-2008 at 10:36 AM
  • Rep: 216k
  • Posts: 19.9k
nice one..that was/is a cool zone
quote:
Originally posted by Akola

still holding short from 1006 area



  • 0
  • CharterJoe
  • 9-Oct-2008 at 10:37 AM
  • Rep: 4,475
  • Posts: 2,352
Bailed at 877 +6
  • 0
  • BruceM
  • 9-Oct-2008 at 10:40 AM
  • Rep: 216k
  • Posts: 19.9k
How often on average do these shift ? In other words will the big players shift to net long very often during the day while the small get more short?
quote:
Originally posted by prestwickdrive

the character of the market is different so from yesterday. Big $ was a buyer yesterday and small $ was a seller. Right now for the pit session bigs are -12600 net contracts and small $ is +8500 net contracts
  • 0
  • CharterJoe
  • 9-Oct-2008 at 10:42 AM
  • Rep: 4,475
  • Posts: 2,352
Shorted on the low 980.5
  • 0
  • CharterJoe
  • 9-Oct-2008 at 5:50 PM
  • Rep: 4,475
  • Posts: 2,352
quote:
Originally posted by koolblue

YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!


Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.
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