ES Journal - 2012

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Quote from Trvlwanderer:

trying to break the 14-15 band and naz has plenty of room to run.....careful.

L at 11.75 - 13.25 area.

closed at 14.

Still think we take it out....but not today. At least I'm not waiting around for it.

Slopes are open today so...........ski on! :cool:
 
Quote from gmst:

short 1412.25....it surely looks like no runup is possible today.

if this trade doesn't work out, I will end up giving a lot of my profits for the day.

out 1414.5
 
Quote from Rickshaw Man:

ES will end the year at or near 1470, so make it easy on yourself and just buy it.

a big factor would be what politicians speak out of Washington and this is to a large extent random - don't you think so ?
 
Quote from gmst:

a big factor would be what politicians speak out of Washington and this is to a large extent random - don't you think so ?

I'll chime in...NO I don't think so!

Political theater is not random, it is strategic and probabilities on the outcomes can be determined to some extent.

The politicians are doing their best to forward the opposing agendas of their respective platforms.

However it is highly probable that they will come to some agreement to preserve the status-quo which they depend on to keep the THEIR game alive.

They are smart/greedy enough to not blow up the system that keeps them in power and well taken care of.

Rumors are circulating that compromises are already being explored by those who were adamant they would never give in.
 
Quote from mastacoli71:

ego's are the worse thing for trading, just saying.

I disagree, being wrong is the worst thing.

And having confidence in your market call is not a bad thing, as long as you can quickly admit when your call is wrong.
 
Quote from Lespaulr0cker:

I disagree, being wrong is the worst thing.

And having confidence in your market call is not a bad thing, as long as you can quickly admit when your call is wrong.

If you can control your ego when you are wrong then what you say above is correct. Problem is most cannot. I would guess more then 50% with egos blow up.
 
Quote from mastacoli71:

If you can control your ego when you are wrong then what you say above is correct. Problem is most cannot. I would guess more then 50% with egos blow up.

But wtf do I know.
 
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