ES Journal Archive (2006 - 2008)

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Congrats on the Journal B1S2 and all other regulars.

Imo this journal alone makes up for most of the froth in the trading/stocks subforums.

Mighty tempting to go short here...
 
For journal integrity purposes, I posted this before the open:

Quote from Pekelo:

IF there is a trend (before 2 pm), that tends to be continued after the announcement (and the usual up and downs).
More...

For full disclosure, the 50% pullback didn't come to pass...Man, we have a giant gap!
 
Interestingly we filled the remainder of last Thursday's gap today. It was a whole tick! Talk about efficient...

I long to see the crash that fills today's gap though.

I've got six charts on ES. Together we'll catch the top.
 
Every trader in world assume that this gap will closed.

Experience learned me that in vast majority of cases it will but it needs a much more time than I expect.
Did you noticed how last days every big move up or down was immediately cancelled with next day move? This situation can be arranged for "not include in upswing".

I repeat if last 3 days move is not giant bull/bear trapping than logic of position suggest the attack on resistances in 1290-1300 area and attempt keep there for a while.

To do it at first today can not start with gap up - second gap will be too big problem convince world that we are swinging up.

Leaving giant gap on upswing bellow us has one purpose: Less traders will try ride it up because they will be expect every second change in trend to fill gap and bears will be try shorting that rally and so they will create short fuel.

We will turn dow, thats clear. But when?

I will personally try ride uptrend if there will be no gap or will be closed.
If they will be ride up with second gap i will try catch the top with contratrend trades.



Quote from Xuanxue:


I long to see the crash that fills today's gap though.

I've got six charts on ES. Together we'll catch the top.
More...
 
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