ES Journal Archive (2006 - 2008)

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On the other hand Russian Federation at the moment, apparently has 0 debt.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1955655>
 

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Thought the mkt can go a bit higher like 58 in sep contract before rolling over ...

The 30-min is demonstrating the same thing again - big div to upside results in only 10 to 15 points bounce only.

Maybe black friday already at work! :)
 
Quote from tommymoose:

Long NQ 1938, stop 1936.75... not my favorite trade, but its worthy of a shot.

We don't look very strong here... if I don't get stopped out I'm looking to exit at 1940.75

meh, missed my fill... out 1940.25. I'll look for a long at ~1928.
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TM,

Do'nt take this the wrong way, but what would possess you try for a fill when in your words "not my favorite trade, but its worthy of a shot"
in a game of empirical odds.

regards
f9
 
Quote from fearless9:

TM,

Do'nt take this the wrong way, but what would possess you try for a fill when in your words "not my favorite trade, but its worthy of a shot"
in a game of empirical odds.

regards
f9
More...

Exactly, empirical odds. I've backtested this setup. Disregarding the support I had drawn at that zone, its a ~75% probability trade that price would touch 1941.00. R:R was ~2:1. Its my bread-and-butter setup... grind away at small profits all day. I don't usually post them because they're scalps, but I thought price could possibly go much higher from that area because many bigger moves start the same way. I exited for a profit at 1940.25 because I saw my area was tagged and price immediately repelled.

FWIW good zone at 1929 on NQ
 
look into the future, and play out the scenarios of what the country faces, from pre existing circumstances.....

that will tell you what type of market it is and will be...

McCain or Obama...?
 
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