ES Journal - 2013

It is a recent understanding about my own trades but could never fathom why anyone gets emotional about other's trades. Let go of one and then the other.


Quote from Trader.Fighter:

Never understood the need to call market tops before tops actually form. Why must you be bearish before the price actually turns bearish ? For Pete's sake, not even a daily bar turn down.

I thought you were a trend trader, on what timeframe, the 1 second?
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Well, if the FOMC provide a shock ($20 billion cut?), then everything will be in harmony :D

I note one other factor, Sept is supposed to be bad for stocks...
 
I would vote for $40 billion taper, that's what they increased it by a year ago.



Quote from Visaria:

Well, if the FOMC provide a shock ($20 billion cut?), then everything will be in harmony :D

I note one other factor, Sept is supposed to be bad for stocks...
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Might be worth putting in stop limit orders rather than stops if u r planning to trade in the immediate aftermath of the announcement. I recall putting in stops at a previous time and being filled with 2 WHOLE points of slippage.
 
Quote from Visaria:

Well, if the FOMC provide a shock ($20 billion cut?), then everything will be in harmony :D

I note one other factor, Sept is supposed to be bad for stocks...
More...

Shyte is going to hit the fan regardless. If they taper, bad for mkt. If they don't means shyte ain't g etting better after 4 years of doing the same thing. Definition of insanity, doing the same thing over and over expecting different results but getting the same results. That is the fed now.

This is not to say we won't fly higher to wash out shorts again.
 
Quote from startraitor:

It is a recent understanding about my own trades but could never fathom why anyone gets emotional about other's trades. Let go of one and then the other.
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Emotional is quite the over-statement, I'm only offering prudent suggestions in a respectful manner.

Considering new higher highs, very useful ones.
 
Quote from pinkman:
Long (DEC) 1698

I'm looking for 1710 area for this trade.[/B]
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Quote from pinkman:

Looking for a drift higher and then a big spike up on the FOMC thing later.
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Out at 1710 as planned!!! :)

Best trading patch i've ever had!
NEVER muck around with shorts on the ES!!
 
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