ES Journal - 2012

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Quote from ammo:

are you being cocky,yesterday ya said ya weren't,but your wrong and not admitting it,is cocky some defense mechanism,you are defending yourself against some nameless guy you will never meet in hyperspace,so basically you are defending yourself to yourself, this was the point made earlier about trading and losing the blind spots, if you want to trade you have to welcome being wrong early so you can fix it fast,ya dont want to hang on to your ego for the next 3 years wondering why trading is so hard,trading is easy ,admitting your wrong is hard,learning to do that quickly will save you a lot of dough
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you are saying i'm my worst enemy?

hmm, i'll take it under advisement.

i've always been..

my worst enemy,,

and best friend

i'd rather work on gathering a decade of intuitive trading skill than rely on ....

book knowledge

good trading to you
 
Quote from ammo:

are you being cocky,yesterday ya said ya weren't,but your wrong and not admitting it,is cocky some defense mechanism,you are defending yourself against some nameless guy you will never meet in hyperspace,so basically you are defending yourself to yourself, this was the point made earlier about trading and losing the blind spots, if you want to trade you have to welcome being wrong early so you can fix it fast,ya dont want to hang on to your ego for the next 3 years wondering why trading is so hard,trading is easy ,admitting your wrong is hard,learning to do that quickly will save you a lot of dough
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I think I'll hang on to this paragraph, it's a gem for sure!
 
Quote from bigsnack:

Thanks ladies and gents for the congrats on the trade. Sorry Ammo ;)

I just got back from lunch. So I think I drew it right this time (on SPX not /ES). It looks like we should be kissing the bearish TL on the daily chart in the next day or so. Thoughts? Charts?
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Mine is similar. Also drew the support line.

http://screencast.com/t/ohgWruG0uW

Basically, we have been in a good bull since early October, reaffirmed that after Thanksgiving, and since early Christmas week have been very bullish (8% or so in less than a month ain't bad :) ).

I would note that the volume on the recent move up is healthy. It's not great, but it really doesn't need to be. It if were very high I would be concerned about having a long bias. But it looks healthy IMO.
 
Quote from JoshDance:

lol, on my end it looks like ammo is having a conversation with himself because of the magic of ignore
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I wouldn't doubt that lucy is a pay per post poster. $.10 per post, maybe $.25, unlimited responses. Seems these fruitcakes keep themselves entertained (and paid peanuts) by stirring up a topic only to play a back and forth until it exhausts itself.

Once everyone has them on ignore, voila! A new alias.

sigh.
 
SPY longer term with TL's.



It should be noted the upper horizontal of the ascending triangle which I left off this chart. I maintain it on spx as EVERYONE can see it.

We have heavy res above, broken pattern below.....
 
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