ES and the Great POMO Rally - Emini Index Futures Trading | futures io social day trading
futures io futures trading


ES and the Great POMO Rally
Updated: Views / Replies:92,379 / 926
Created: by Private Banker Attachments:620

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 620  
 
Thread Tools Search this Thread
 

ES and the Great POMO Rally

  #681 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

MIDAS Support Line - ESU 1087.00 SPY 110.35

Attached Thumbnails
ES and the Great POMO Rally-es-09-11-weekly-week-30_2008-week-32_2011.jpg   ES and the Great POMO Rally-spy-weekly-week-30_2008-week-32_2011-2.jpg  
Reply With Quote
The following 3 users say Thank You to tigertrader for this post:
 
  #682 (permalink)
Elite Member
CA
 
Futures Experience: Master
Platform: Marketdelta and Ninja
Broker/Data: Velocity
Favorite Futures: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 521 received




This just shows you how little these news reporters know about the market. First, no professional trader uses the dow as the barometer of stock market health, its either the spooz or the small caps.
Second, you don't report how many "points" the market has moved, since is all relative based on how where your currently trading. Its has to be percentages. I remember the drop where the dow lost about 1000 points( when the algo's went off and we had a huge drop in a matter of minutes last year), and they reported it as the biggest drop in history. WRONG, check the crash of '87. Lost about 20% in one day.. now that sucks.


This post has nothing to do with screentrader, just venting about news stations and how they try to create panick.

Reply With Quote
 
  #683 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received



tigertrader View Post
MIDAS Support Line - ESU 1087.00 SPY 110.35

The problem with midas it requires a starting date, I noticed you took the LL March 09. It will also slighty change if you change the time frame. If everybody is taking the same anchor point with the same setups, it than makes sense to me.

Reply With Quote
The following user says Thank You to redratsal for this post:
 
  #684 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


Michael.H View Post
This just shows you how little these news reporters know about the market. First, no professional trader uses the dow as the barometer of stock market health, its either the spooz or the small caps.
Second, you don't report how many "points" the market has moved, since is all relative based on how where your currently trading. Its has to be percentages. I remember the drop where the dow lost about 1000 points( when the algo's went off and we had a huge drop in a matter of minutes last year), and they reported it as the biggest drop in history. WRONG, check the crash of '87. Lost about 20% in one day.. now that sucks.


This post has nothing to do with screentrader, just venting about news stations and how they try to create panick.

Well it worked, I'm scared shitless (pardon my Norwegian)...

It seems pointless (oh, yes.. pun intended) to compare moves in points, not percentages.

Reply With Quote
 
  #685 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


tigertrader View Post
MIDAS Support Line - ESU 1087.00 SPY 110.35

No, no, no... Help me sell it down below 1000!

Reply With Quote
 
  #686 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received


Lornz View Post
No, no, no... Help me sell it down below 1000!

Common Lornz you seem pretty young, you don't need to retire yet, isn't it at 67 in Norway

Reply With Quote
 
  #687 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


redratsal View Post
Common Lornz you seem pretty young, you don't need to retire yet, isn't it at 67 in Norway

Hehe, that's right.. 67... But I want to retire way before that, I have other things I want to do with my life...

At least the Germans agree with me, DAX was down 6% earlier. I hope they're just taking a breath before they send it further down...

Who wants to bet Ben will be buying later today?

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #688 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received


Private Banker View Post

Curious to see if BofA fails in the next few days followed by Citi. These TBTF's have been zombie banks for years. It's time for them to meet reality.

I was amazed by your curiousity (almost morbosity) to see BAC and C's future go chapter 11. BAC has one of the strongest balance sheets among US banks:

- 140 B$ cash
- 300 B$ in securities
- 126 B$ in tangible equities
- 206 B$ in equities
- More trading assets than trading debts
- More derivative assets than derivative debts
- Not much exposed from EU sovereign debts

From fundamentals is BAC 6.51USD a fair share price?

Personally I don't care about BAC and C but I am worried about the consequences a bailout would bring to the US and global economy. Last but not least, with all this cash available, who is going to cash in the markets volatiliy ? Like it or not it's always the same story, I think there is enough to fight any law suit.

Reply With Quote
The following user says Thank You to redratsal for this post:
 
  #689 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


redratsal View Post
The problem with midas it requires a starting date, I noticed you took the LL March 09. It will also slighty change if you change the time frame. If everybody is taking the same anchor point with the same setups, it than makes sense to me.

So far so good. The SPY chart is even better, but it won't update till eod.

Attached Thumbnails
ES and the Great POMO Rally-es-09-11-weekly-week-28_2008-week-32_2011.jpg  
Reply With Quote
The following user says Thank You to tigertrader for this post:
 
  #690 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received



redratsal View Post
I was amazed by your curiousity (almost morbosity) to see BAC and C's future go chapter 11. BAC has one of the strongest balance sheets among US banks:

- 140 B$ cash
- 300 B$ in securities
- 126 B$ in tangible equities
- 206 B$ in equities
- More trading assets than trading debts
- More derivative assets than derivative debts
- Not much exposed from EU sovereign debts

From fundamentals is BAC 6.51USD a fair share price?

Personally I don't care about BAC and C but I am worried about the consequences a bailout would bring to the US and global economy. Last but not least, with all this cash available, who is going to cash in the markets volatiliy ? Like it or not it's always the same story, I think there is enough to fight any law suit.

Let me clarify by saying it's possible they could fail but not a guarantee. This is based on a variety of factors most importantly their CDS pricing. As for their assets and liabilities. It has been proven that there assets are extremely overstated, their liabilities have been understated and their book value is grossly wrong all through the assistance of loose accounting rules all approved by the FASB.

I don't mean to create a heated debate or anything as this is just my and a large amount of Trader's on Wall Street's opinion. During trying times and chaos, the bad assets seem to find a way of showing their ugly little heads. Take 2008 for example. We'll see if they have enough cash to fight the long line of lawsuits because again the CDS pricing states otherwise. But politically, another round of bank bailouts will be met with extreme opposition. That's why this is getting so interesting. By the way, I've been short BofA's stock since March, so I guess that would explain my bias.

Cheers,
PB

Update: Dick "Lehman Bros" Bove just recommended BofA as a good buy at these levels. Deja vu? Lol!


Last edited by Private Banker; August 9th, 2011 at 11:27 AM.
Reply With Quote
The following 3 users say Thank You to Private Banker for this post:

Reply



futures io > > > > ES and the Great POMO Rally

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Great frozen pizza Tundi Off-Topic 6 June 10th, 2011 11:47 PM
FED'S SCHEDULE OF UPCOMING $32B IN POMO'S tigertrader Traders Hideout 1 October 13th, 2010 06:58 PM
A great trader to learn from. GoldStandard Traders Hideout 15 February 12th, 2010 12:45 PM
NATURE, OUR GREAT MENTOR. joyginy Psychology and Money Management 12 January 6th, 2010 01:34 PM
ES doing a great job of honoring BBs and TLs Saroj Emini Index Futures Trading 6 July 29th, 2009 03:10 PM


All times are GMT -4. The time now is 07:15 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.12 seconds with 20 queries on phoenix via your IP 54.196.182.102