ES Journal Archive (2006 - 2008)

[apex82]

Quote from apex82:

taking out another quarter here at 1293

+17.5 on this unit.

only one unit short now.. stop still at BE and leaving overnight looking for a retest of the lows or covering if I see strength in the 1270 area... although probably wont get it..

as far as news... the only reports I pay attention to are the FOMC and unemployment...

thats why you hear me on here asking about news at times because I am to lazy to go turn on the tube in the other room.

f me! stopped out at breakeven on my last unit on that spike just before the drop.... you just cant minimize your risk these days... oh man that is a punch to the stomach..

 

[Spooz Top]

exactly right on NOT being able to minimize risk....this PA almost seems it`s forcing us to increase our risk in order to capitalize as of late....at least for me anyway.

 

[storm121]

I think this is a golden buying oppty for longs.

a 'second chance" so to speak.

if you missed it yesterday buy like hell right now.

see you at the bank,
blackguard

 

[Buy1Sell2]

Quote from Spooz Top:

exactly right on NOT being able to minimize risk....this PA almost seems it`s forcing us to increase our risk in order to capitalize as of late....at least for me anyway.

Is lowering position size a viable option for that?

 

[kinggyppo]

Long MBI, its brother ABK up already.

 

[apex82]

looking short here in the 1287 area... waiting for confirmation

 

[Spooz Top]

Quote from Buy1Sell2:

Is lowering position size a viable option for that?

that`s the only way to combat it.....

 

[startraitor]

Ok, 1261.

Quote from startraitor:

1260 is a buy.

 

[kinggyppo]

Quote from kinggyppo:

Long MBI, its brother ABK up already.

stop at $12.00 here is a chart of HOV. Did the builders bottom when we weren't looking . Of course if we are entering the next great depression then not to worry, stocks and cash will be good for t paper. Staying out of the indexes for now too choppy.

 

[Spooz Top]

Quote from Spooz Top:

20 point rectangle range since 11am......the move from this range should yield a 20 handle move.......if we don`t get the usual 3:20-3:30 explosion move...then we most likely get a big gap one way or the other.

regarding the gap........

we also had a gap down to 61 premarket which was 2x the gap zone exactly....or rule of 10 x 4....with 1301 as the support of the rectangle yesterday..............food for thought on the 10/100 rule.