ES Journal Archive (2006 - 2008)

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Quote from sosa1974:

Im short here @ 1282.25. No stops, will look to add around 1300. This will be a short term swing.

I am seeing where it could go up to around 1290 tomorrow.
 
Quote from Spooz Top:

B1S2.................guess you still have those babies?(50.25`s)

great call as usual.

Sorry guys, I was out on business this afternoon and couldn't reply right away. -That was a nice run up wasn't it? Thanks for the nice comment. I didn't think we'd get that far today. As you know I am looking for 1290 to 1310, but I was thinking for today we might make 1270 or 1275 at most. --Yes still long those 5 and another 10 prior to that entry.
 
Quote from TraderRobb:

Yep, no rational, just a continuation of the previous day. Use short term signals such as the 5 min for the breakout.

Are you suggesting this for trading pullbacks?
 
Quote from thebuzzkill:

i can seea possible turnaround at around 1245. failing that i see support at 1240 area.

This was pretty close on your part wasn't it Buzzkill?
 
Quote from spike500:

Yeah, you're right.
Sorry, my remark was idiot. Probably because i'm a newbie.

I must say your trade impressed me.

I enjoy reading your posts very much

Didn't like this one though.

If possible to keep this type of response out of the journal, I would greatly appreciate it--:)
 
Quote from sosa1974:

Im short here @ 1282.25. No stops, will look to add around 1300. This will be a short term swing.

Sosa, I don't see a short here just yet. Are you building a position to hold for a while and not overextending? If you are building and keeping within limits then good luck to you. As you know , I believe the rally is a retracement of a larger bearmove.
 
Quote from romik:

-- traders believe the market performs in a rational manner and that bad news=lower price. IMO that's an easy trap to fall into ---

This is spot on. Trust the charts in my view, not secondguess the whys
 
Quote from volatilitypimp:



out at 127150. that hurt. Directional trading is for suckers. I was up 7500 deltas on the day too.

I was right, the s/l didn't get hit at 1268.

Sorry about the loss today--I hope you don't stop trying the directional trading as it can be very rewarding. Just as an aside, I don't believe the folks here are suckers and your comment may have sounded disrespectful to some. Keep in mind if you would. Good luck to you and hope to hear from you again soon. :)
 
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