ES Journal - 2012

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Nice to see that prior resistance at 50 acted as support this time around. Sometimes technical analysis actually works. :)

Looks like 60 is in the cards now. Also R20.

Not sure if I would bet on much more than that.

Next would be 62 and then another gap at 65,50.

65,50 today? I doubt it, but I`ve seen stranger things. :)
 
Quote from Laissez Faire:

Nice to see that prior resistance at 50 acted as support this time around. Sometimes technical analysis actually works. :)

Looks like 60 is in the cards now. Also R20.

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That's what gives traders learning the ropes hope, the fact that it sometimes work and when you do the backtest it looks doable.

In my case, the results can be so random with technical analysis the only way I can make it work is by trying signals that offer reward that is way higher than the risk.

To obtain great reward you need time and patience, which I why I became a swing trader.
 
How many times have we seen this? I took a 10 point profit from a long below and thought I should stay in. Left another 9 on the table.
 
Quote from ammo:

trip bear flags
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I think the flag already failed after the breakdown at 43 ended in a reversal. But of course with this market you never know... the next selloff is likely just a bearish headline away.
 
early '90's sitting in a bar with a friend(kevin), he tells me his navy seal friend who just found out his wife was seeing someone else and asking for a divorce,is coming in for a beer,he say's you talk to him,guy comes in,sits and says after his 1st beer,why me,kev says it's just your turn man,we all have to take our turns ,never forgot that when feeling sorry for myself
 
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