ES Journal Archive (2006 - 2008)

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How do you accomplish taking as few people as possible with you in the early stages of a move, and yet force them to pay a premium at the later stages.

The trending days people are looking for, that will make them feel confident in their trades, will be later stages of this move at the highs 1580.

Till then price action will be engineered to lure shorts in.
 
Quote from Mins:

Still very bullish so got in on the retrace. Added more at 33, expecting to hold to new highs. Will scale out as things go my way.

Hoping this can be a nice up day, daily chart is still very bullish imo but things can change any minute so will have tight stops in place just in case.

Out 2 at 34 - damn it blast upwards will ya :p
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Still in this trade added two more at 31 will scale out if it goes my way. Still expecting new highs but not the big trend day i was hoping for.

Agree with Spec, they need to lure in shorts as daily setup was very bullish so i wonder who was bearish.

Our 2 more at 32.50.

Out all at 31.75. Will get back in at a better price if i can.
 
Quote from Spectre2007:

How do you accomplish taking as few people as possible with you in the early stages of a move, and yet force them to pay a premium at the later stages.

The trending days people are looking for, that will make them feel confident in their trades, will be later stages of this move at the highs 1580.

Till then price action will be engineered to lure shorts in.
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I have to agree..... but take a gander at the 60min chart.... nasty

looks like we got the db in so most likely keep pushing higher and start picking up some momentum....
 
Quote from Spectre2007:

I take a lot of heat on the holdings at times, its not a recipe for new traders, the most important thing is to get the trend right similar to what B1S2 says. The key is to not let price noise to shake you out.
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it sounds easy when you put it this way. Cut losers ride winners, hard to do though.:)
 
i share apex`s concerns for long..........don`t want to to spook the convicted as there is one hell of a IHS on the 15 min that i`ve been looking at for a few days now...............with various buy levels on the way down............but i feel they may try to spook fresh longs before they rip it...if they rip it.
caught my quota in the am..........& am done for day but thought i`d share this with you before i left....this thing has so many possibilities,imo.
 

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if we break 1524 expect another 100+ point decline..... 60min chart going to lead this baby way way down... closing out any longs on a bounce up to 1535-1538 area and closing entire stock portfolio on a break of 1522-1524
 
Choppy/downside bias day--I see very little to get excited about, either side. Shorts get stopped out at be.

We've had a few days of volatility this week. It is reasonable to expect a choppy, ultimately meaningless day.

Today looks so far to be that day.
 
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