Extreme Volume

ES sold after FOMC day last week. ES sold again the next day on heavier volume but smaller range and rallied end of day and on Friday trapping shorts. In an attempt to clear any recency bias I held I went back and looked to see how aggressive the down move was yesterday in terms…

#6E_F , #ES_F update 25/02/13

Not sure why everything was rallying earlier. I think early Italian exit polls showed Anti-EU Berlusconi was doing badly. Euro was at 1.33. It fell back and 13183 failed, 13088 / January lows might hold. 60K more offers than bids after 2.5 hours of RTH = serious negative sentiment. Cumulative Tick was -1200 when 1512…

#6E_F and #ES_F Update 22/02/13

I never try to predict or anticipate. I only try to react to what the market is telling me by it's behavior. -J.L. — Jesse Livermore (@LivermoreQuotes) March 29, 2011 Update of levels posted on Feb 9th in Be fearful when others are greedy. The hollow candles on the Euro act as both snakes and…

Be fearful when others are greedy

and greedy when others are fearful … Uptrend intact: Technology weak. Consumer sentiment improved. Basic materials the outlier (crude, gas, metals all down). The finviz charts for individual indices show Commitment of Traders, something I have only come across recently on futuresmag.com. The Commitment of Traders (COT) report is released weekly by the Commodity Futures…

Trader Vic / HFT algo’s

I am doing more research into 1-2-3 formation. I came across this interesting quote in Trader Vic – Methods of a Wall Street Master: Literally millions of market decisions are made each day, and the results of each one has its effect on price movements. The idea that such a complex set of components, which…