ES Journal Archive (2006 - 2008)

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20% correction,1560-20%is 1248,close enough,when everyone is panicing its time to get long,other than all the popularity contest stocks which were too hi,everything else is probably undervalued
 
Quote from avarus:

Buy stopped in long @ 1297.50 with stop at the lows. I am expecting this runs up here a little. Trailing stops on longs as we should get a double bottom to test the lows again. If it runs and no double bottom then will remain long with stops trailed up.
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so you`re risk is just about 50 handles on this idea?
 
I would love to be trading... but my platforms are frozen from this rally... anyone else in the same boat. This is never happend to me before..
 
Esignal and my IB has not given me any problems whatsoever. Esignal feed is unusually fast today.

Great action either way, many opportunities here. :D
 
Quote from Spooz Top:

so you`re risk is just about 50 handles on this idea?
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This is the cost of momentum trading / breakouts. Sometimes they just run without pulling back, most times they breakout, pullback and take out the trailing stops that are in the noise. The safest would be to wait for 1st pullback after the breakout, but you may never get it. We did here and that would have you long from 60ish or so with stops at the lows. Stops are a big part of the whole game.
 
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