ES Journal - 2014

gmst said:
1) stocks are at all time high
2) longer term we are going towards 1950, not to say we won't touch 1895 before though
3) So unless and until you have a very good reason to short here, best strategy is to be long and wait. :)
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#1) right
#2) maybe
#3) right

i have a good reason, my gut. Good enuf for me. My gut has made me $, lost me $, and saved my but..

i take trades for what i think are rational reasons; and i take trades off my gut/intuition. there is no such thing as a perfect setup/trade. you pays your $, and you takes your chances.
 
Since we opened inside the range of yesterday, again the plan is to buy below the open and sell above. Since we really haven't made any significant attempt at breaking above the open, I can only plan for a new high before any selling begins.
 
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