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    CFC (CountryWide Financial) Good time to go short?

    Id say get short at yesterdays high or possibly around that 37.40 area. Place your stop about .25 or so above that and go for retest of the lows and hold some for new lows into the blue support zones that I have drawn. You would be risking about .25 to make $3 or more. If stopped out...
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    ES Journal Archive (2006 - 2008)

    Order was filled on the globex at 777. Now trading up a point or so. You have to be careful trading the er2 afterhours, it is very thin. I would never have a position over 5-10 contracts due to the liquidity. However, the ES has pretty good volume afterhours so I usually use that if I am...
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    ES Journal Archive (2006 - 2008)

    Just an update on the daily support zones posted earlier... I hope some of you marked these on your charts. You can see the nq zone was at 1711.10(red line) Low of yesterday was 1711.25... were talking the exact tick constructed from a daily chart several days prior. Of course you would...
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    ES Journal Archive (2006 - 2008)

    I will be buying er2 at 777 in the globex night session if it can get down there and will be holding for a retest of todays high. It will be traded with a 1.5 stop. If stopped out I will reenter at 774.50. The reason for the trade is a lower level symmetrical 5 wave move overlapped with a...
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    ES Journal Archive (2006 - 2008)

    If this 1395 level holds I will expect a move up tomorrow to test the main spot of the zone. Preferably, in the morning. Today was a classic short covering rally. There is support below the market at 1390.50-1391.50.
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    ES Journal Archive (2006 - 2008)

    Here is the price action associated with the zones prior and after. You can see the ES just barely missed the zone before falling.. From... http://elitetrader.com/vb/attachment.php?s=&postid=1385605 To..
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    ES Journal Archive (2006 - 2008)

    Once again.. I missed the russel by 2 points for a 100pt decline a few weeks ago I probably missed it again by a 1.5 points... time will tell. Have a small piece on the ES short but once again was waiting for optimal entry at 1402-1402.50
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    ES Journal Archive (2006 - 2008)

    Stepping in front of the train getting short 1400-1402 area and 784.50 area on er2 holding for larger win. tight stops
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    Gotta love ZERO RISK in the SP500 = $$$

    This market will get hit it again... I can almost guarantee it. The odds of having it retest the highs without another pullback is in the vicinity of 15%. Im looking around the 1412-1414 area on the ES at this point where the next wave of selling begins. It could be as early as 1400-1402.
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    ES Journal Archive (2006 - 2008)

    Here is the visual
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    ES Journal Archive (2006 - 2008)

    Here are my shorting levels for the ES if and when we get there. 1400-1402.50 Main Zone at 1411.50-1414 Big zone because of the discrepancy that happened last night in the globex..
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    ES Journal Archive (2006 - 2008)

    Stopped out on ES trade for a total 2.5 point loss...
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    ES Journal Archive (2006 - 2008)

    anyone trading the er2 today..? Absolutely brutal
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    ES Journal Archive (2006 - 2008)

    Taking some off the add on off at Breakeven... this market is too volatile
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    ES Journal Archive (2006 - 2008)

    Hah thanks... I havent hit profit target yet though. Anyways, add on zone has now moved up to 1385-1385.50
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    ES Journal Archive (2006 - 2008)

    It has formed a minor DB in the zone and is showing some strength. Lets see what happens... Resis above the market at 1391-1394.75 I will be adding more on the next pullback so that my position size is back at 100% EDIT: 1384 is looking like a nice add on place if it can get down there
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    ES Journal Archive (2006 - 2008)

    they are trying so hard to hold it... they are scraping and clawing.
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    ES Journal Archive (2006 - 2008)

    Here is your chance to get long with like a 2-3 tick stop heh... This trade probably not going to work out but hey what do you expect with a risk 1 to make 20 going countertrend... It only takes 1 to make up many many losses.
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    ES Journal Archive (2006 - 2008)

    Not crazy about the PA taking 50% off here at Breakeven
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    ES Journal Archive (2006 - 2008)

    Its missing the entry at 1382.50 Low was 1381.25 I am moving stop from 1381 to 1380.75 so the risk would be 1.75 points.
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