ES Journal Archive (2006 - 2008)

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When markets get volatile remember this:

"Don't get set into one form, adapt it and build your own, and let it grow, be like water. Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it into a teapot it becomes the teapot. Now, water can flow or it can crash. Be water, my friend."
 
Quote from mbusch:

Stopped out. :mad:

Wasn't supposed to do that...

Sorry, but letting a 14 point gain turn into a loser just doesn't make sense to me. Nothing wrong with trying to hit the long ball, but damn.
 
Quote from wareco:

Sorry, but letting a 14 point gain turn into a loser just doesn't make sense to me. Nothing wrong with trying to hit the long ball, but damn.
What exactly are you suggesting?

Did you trade that move, or are you just kibbitzing?
 
the next few 60 minute bars.. has to print with higher highs otherwise price slips.... to lows.

one way to tell if the bottom has formed, is look for a turn in the volatility day to day.

keep an eye on the VIX...
 
Quote from mbusch:

What exactly are you suggesting?


I'm saying what the hell were you thinking? You didn't recognize that the market had turned and it was time to cover? Did you really think the market was going to move 20 handles straight down?
 
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