ES Journal Archive (2006 - 2008)

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Quote from Brucelee:

I know enough to tell you he trades long term, and his entries are on 60 min charts and stops are very wide, outside the noise as he calls it. He also hedges these bets with options. Not my scene and probably not yours. This journal has maintained shorter term trades and traders and B1S2 has gone back to his long term views, due to other commitments. I know you are new to this journal and probably don´t want to delve through over 2800 pages, cant say I blame you really.
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Thank you. As far as keeping stops outside the noise that strategy has been quite a loser for the past few weeks. I have seen a few of his trades get taken out outside the noise. When it works it works and when it doesn't it doesn't.

DMartin
 
Well I've made good money today. We are either going to 1490 or 1397 ( I know a pretty big range). If we get over 1473 I am going long, and if we go below 1425 I am going short. Otherwise I am standing pat.
 
that spike to 71.50 was actually a perfect 20 day kiss to the tick & a perfect lower hi to the top end of the daily channel.

this pathetic performance tells me that the buyers will be fortunate to retest the hi here at 60.....a lift to 70 would be a bigger gift for shortys......& lastly,we`d need another cut to get us to the 200day @ 1508 before we puke....again.
 
i expect the bulls to fight like hell here off this triangle & try to erase that bear tail on the daily before the close....closing price is important with a tail like that & should give us an idea of what to expect early monday.
 
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