ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

I wish I could put more longs on, but I have my rules/constraints.
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Do you have any particular reasons for being so bullish? I myself am moderately so, one reason being in my own stock portfolio, which is intermediate to long term generally, I'm doing terrific. I don't see that very well reflected in ES though, which seems to indicate a lack of breadth to the general market. That tempers my bullishness.

If you have posted your reasons for your trades, I aplogize, but I havn't seen them.
 
I believe that there is strong potential for a really nice up move today. Could be 30 or 40 points. As always , I use close risk management with stops outside the noise in case I am wrong, which I am quite often.
 
Quote from TouchdownNY:

Do you have any particular reasons for being so bullish? I myself am moderately so, one reason being in my own stock portfolio, which is intermediate to long term generally, I'm doing terrific. I don't see that very well reflected in ES though, which seems to indicate a lack of breadth to the general market. That tempers my bullishness.

If you have posted your reasons for your trades, I aplogize, but I havn't seen them.
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We are in a daily uptrend which is not yet close to being overbought. Intraday charts are buyable in my opinion. If wrong, I will get out. I am wrong a lot and I mean that most sincerely.

(The band is just fantastic. That is really what I think.)
 
Quote from Buy1Sell2:

I believe that there is strong potential for a really nice up move today. Could be 30 or 40 points.
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My question is WHY do you believe this? Gut feeling? Something else?
 
Quote from TouchdownNY:

My question is WHY do you believe this? Gut feeling? Something else?
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We are trading above the reaction highs from early Feb and late Feb. --Market is dull and ready to breakout one way or the other. Human psychology in the market place demands movement one way or the other after a period of restlessness. The move could be down as well, but I am going with the trend here.
 
Quote from Buy1Sell2:

current intraday stop should probably be around 1997 in my view.
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I would not dispute that. However, I'm in a small account and like the jackal at the kill, need to move in, take my bite and run off into the weeds to eat.

One day, I will be like the lion, and be able to lie about gorging myself as you do. :)
 
Quote from Buy1Sell2:

We are trading above the reaction highs from early Feb and late Feb. --Market is dull and ready to breakout one way or the other. Human psychology in the market place demands movement one way or the other after a period of restlessness. The move could be down as well, but I am going with the trend here.
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That makes sense. The path of least resisistance has been up. Sometimes the simplest methods are the best. There was some pretty good volume up near the top of yesterdays range though, I think we may need a catalyst to get over the hump. Anyway, we'll see.
 
Thanks for explanation. However why you think that it can be TODAY and not for example week later. Or do you expect the move someday/in short/ and you try to stay or get in position??

I am asking therefore because to me market today looks week and simple not capable make bigger upmove.
If you see any reason for potential todays strength I would be happy know about it.

Quote from Buy1Sell2:

We are trading above the reaction highs from early Feb and late Feb. --Market is dull and ready to breakout one way or the other. Human psychology in the market place demands movement one way or the other after a period of restlessness. The move could be down as well, but I am going with the trend here.
More...
 
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