ES Journal - 2012

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Quote from gmst:

I have seen this pattern repeat so many times now - initial 1-1.5 hr sell off, bottoming around 1030-11, and then gradual go up and close at highs in the last 2 months.

Maybe I should count # of days in a year this pattern plays out in ES. Anyone else notice the great frequency of this pattern ?
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I've noticed it's common on T-days when there's a significant report (reports) to fuel the initial drop.
 
Quote from tomahawk:

I've noticed it's common on T-days when there's a significant report (reports) to fuel the initial drop.
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T-day is Thursday (when weekly jobless claims come out) ?
 
Quote from gmst:

it hasn't pan out as my expectations. So, covered at 1288.75.

Now long 1288.75, with stop at 1286.
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out at 1290.25, would have liked to keep long till eod, but for 40 minutes stickiness in the 1289-1290.5 area points out that the upside followthrough is not that intense anymore.

Maybe it will go up after i close, but i will rather close than take a chance
 
let you brave souls tackle the eod plays.

The trade I last posted: shorting on a momentum run with too much upside risk was not prudent as it did not show weakness in the first couple minutes. Too likely a late day push past my stop was a little much and the evidence for a nice drop was drying up.

believe I will close the books on this fine thursday.
 
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