volente, anymore comments ///
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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don't let the bedbugs bite....nitey nite
#11......demo trade until you know what u r doing...if you can't demo profitably please don't risk your real money....it gets worse..this is not a team sport....demo proves system and discipline....
Demo is fine for testing system but will never be the same as trading real money.
THE DIFFERENCE IS THE DECISIONS ONE MAKES WHEN REAL MONEY IS AT RISK.
exactly my point...if u can't consistently make money demo u r not emotionally in control which means dont' risk real money...because the demo is play time.....if you cna't be in control of your actions play time how can u be i n control realtime real money? i mean live chart realtime chart with trading platform live as well......that is true demo not writing down coulda shoulda woulda...." i didn';t take that but i nknow i would have real money" trust me vol i have done it all with big money and demo.....if u can't demo u can't trade.........
Saxon,
I wish I could tell you with certainty if this thing has any hopes of a meaningful bounce tomorrow. Statistically speaking yes but that's as good as flipping a coin as far as I'm concerned.
Nevertheless, here is a humble chart analysis for you, I would not let your stop go below that bold yellow line much.
I marked three important areas of support based on geometrics and Fibonacci.
In my humble opinion there is still more downside to be seen but as far as risk aversion I think I would not want to hold this past those horizontals.
Hopefully it bounces a bit off support (whatever is left) before it decides to continue it's bearish/ugly course.
Best of luck with your trade and hope you get some rest for tomorrow. Holding a big loser overnight can be detrimental for your psych, in the future please consider cutting your losses short.
Anek
I wish I could tell you with certainty if this thing has any hopes of a meaningful bounce tomorrow. Statistically speaking yes but that's as good as flipping a coin as far as I'm concerned.
Nevertheless, here is a humble chart analysis for you, I would not let your stop go below that bold yellow line much.
I marked three important areas of support based on geometrics and Fibonacci.
In my humble opinion there is still more downside to be seen but as far as risk aversion I think I would not want to hold this past those horizontals.
Hopefully it bounces a bit off support (whatever is left) before it decides to continue it's bearish/ugly course.
Best of luck with your trade and hope you get some rest for tomorrow. Holding a big loser overnight can be detrimental for your psych, in the future please consider cutting your losses short.
Anek
Well, the market just printed 1439. So far it is going toward the right direction. The night is still long and so am I, unfortunately. 
Thank you for your post and the chart. I will hold that yellow line as my stop as if it was virginity of my sister.
However, i must say this position is killing me!
Thank you for your post and the chart. I will hold that yellow line as my stop as if it was virginity of my sister.
However, i must say this position is killing me!
This is one of the classic manipulations played on the overnight Globex. There is 1 hour gap between the close of the Asian markets (or rather Nikkei) and the open of the European markets. The players would take this time to artificially push up the price in anticipation of the lower open for the European markets, and vice versa. Needless to say, these same players would push the price down as the Euro markets open lower.
Nevertheless, Spooz is up over 2 while the Naz is up more than 5.
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