ES Journal - 2012

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Quote from iloveoptions:

Filled on the second leg at 1396.25 with an avg price of 1400. Targeting 1417.5. Stop moved to 1384.25

Target hit. Bidding 1405.25 to initiate a new long position. 1st Add will be at 1389.75 stop at 1382.
 
Quote from iloveoptions:

Target hit. Bidding 1405.25 to initiate a new long position. 1st Add will be at 1389.75 stop at 1382.

I got out at 1417.. It was too good to pass up.. I'm looking at 1385's .. 1378-80 was high inefficiency zone.
 
Quote from Spectre2007:

I got out at 1417.. It was too good to pass up.. I'm looking at 1385's .. 1378-80 was high inefficiency zone.

yeah the 1418's looked like a strong level to go thru it, so I choose 1417.5 as a target. Barack needs a strong employment report to keep his presidency, and so do I :)

I suppose 1385 is possible considering that volatility should start to tick up from here.
 
Quote from iloveoptions:

yeah the 1418's looked liked a strong level to go thru it, so I choose 1417.5 as a target. Barack needs a strong employment report to keep his presidency, and so do I :)

I suppose 1385 is possible considering that volatility should start to tick up from here.

Fiscal cliff.. SP downgrading us debt.. Socialism... All worries for equity holders.


Pro's for holding:

Yearly ATR touch top rim needed
Volatility low
Capitalism resurgence
Government reports coming in positive
Inflation driven growth by FED
 
Quote from Spectre2007:

Fiscal cliff.. SP downgrading us debt.. Socialism... All worries for equity holders.


Pro's for holding:

Yearly ATR touch top rim needed
Volatility low
Capitalism resurgence
Government reports coming in positive
Inflation driven growth by FED

Balanced market then? I don't like balanced market because they're low vola.
 
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