ES Journal Archive (2006 - 2008)

porgie · May 9, 2006

news has no greater negative/positive effect on good risk/reward entries.....stops always same protection on all........all emini's........intraday

sosa1974 · May 9, 2006

Quote from optioncoach:

I usualy have a large block to buy or sell at market right before the news. As soon as thebreakout occurs I hit the send buy or sell and ride it a bunch of ticks and then get out quickly for a 5 second scalp.

Thats exactly what I'll be doing as well. That trade comes in so fast its great.

El OchoCinco · May 9, 2006

Yeah same on the labor report last Friday

....

Not sure how many more Fed meetings we can do this on so hit it out when you can...

sosa1974 · May 9, 2006

Exactly, its as free as a trade can ever get. Take it while you can, may not be there much longer.

Buy1Sell2 · May 9, 2006

Quote from sosa1974:

Nice! Can't wait to be in your position someday. Just wait for those positionals to roll in!!

You'll get there! I don't know how old you are, but it has taken me quite a while to get to where I am now. By the way, don't root too much for those positionals just yet-- I need to get some more units in there shortly to make it come out the way that I desire!

sosa1974 · May 9, 2006

Quote from Buy1Sell2:

You'll get there! I don't know how old you are, but it has taken me quite a while to get to where I am now. By the way, don't root too much for those positionals just yet-- I need to get some more units in there shortly to make it come out the way that I desire!

I'm 32. I naturally assumed you have been doing this for quite sometime to be able to positonal trade like you do. I'm sure you will be able to manage it nicely. I just hope I can trade it right when it breaks.

Buy1Sell2 · May 9, 2006

Quote from sosa1974:

I'm 32. I naturally assumed you have been doing this for quite sometime to be able to positonal trade like you do. I'm sure you will be able to manage it nicely. I just hope I can trade it right when it breaks.

45 here.

sosa1974 · May 9, 2006

Quote from Buy1Sell2:

You'll get there! I don't know how old you are, but it has taken me quite a while to get to where I am now. By the way, don't root too much for those positionals just yet-- I need to get some more units in there shortly to make it come out the way that I desire!

Thanks man. I like to get perspective from people who have obviously made it, like yourself. 45, I hope I can make it that long in this market, I'm kidding, I think.

nlslax · May 9, 2006

Quote from Buy1Sell2:

Just completed a new patio with hot tub and also just opened the pool. Heater should have the water right by tomorrow, so I may not be available during market hours tomorrow. However, I may decide to set the laptop on the deck and watch it from the pool and/or tub.

Publish some pics here so those of us in offices can live vicariously through you.

porgie · May 9, 2006

news panic is on.......i see it as another trading day.....just like monday and tuesday were.....news is great for stock traders paranoia but here it is all mind bias trap....waiting in super heated excitement for a 5 second trade? think about that one.....a guy might say otherwise but he will let the one foolish trade ruin his day......he passes up better trades all morning.......the experienced guys step out of the way and resume trading after a bar or 2................i mean really think about all of that........1 big bar up maybe after the fakeout down or vice versa? even if it runs huge afterwards who cares? buy i f up sell if down if run ensues.......u might be the rat caught in the trap.......otherwise