This crap is very tough to trade. It grinds for hours, and then pop or drop a few points, then grinds some more. The hard part is figuring out the pops and drops. Much easier said than done.
ES Journal - 2012
- Thread starter Buy1Sell2
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Quote from fishing:
if he is predictable, why don't you like him?
i do like him
I don't agree with what he is doing. Everyone is entitled to his/her opinion.
On another note, as much as I would love to believe this, Jamie Dimon fired a big F U at Benny boy announcing the results of the stress test before Benny had a chance too. We all know that is not the case but it made for good headlines. In any case, I love it. This is political warefare at its best.
Extremely difficult to trade. Sometimes the best trade to take is not to trade.
sentiment check suggests 1444 is on the cards.
Certainly no more shorts for me for a while.
Looks like I was wrong about my 1380 'Top'. ( was right about reaching it from the 1307 area, though
)
good luck
Certainly no more shorts for me for a while.
Looks like I was wrong about my 1380 'Top'. ( was right about reaching it from the 1307 area, though
)good luck
Good thing indeed -- I'm trying to get all the stupid out of my system now it looks like.
I added one more somewhere I didn't post, for a total of 4 units short, average was 88.50, and I just closed all out when I got home at 88.75 .. for -0.25 on each ... the whole basis for the short was stupid, and thankful I survived this time. Seems like it will drop further overnight before it goes a lot higher, but not going to risk it anymore. Tomorrow is a new day, I read the market pretty well today but after missing that one fill at the low tick before this massive move up, I really lost my sense and tried to get cute, and showed why I am not a professional, yet.
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