ES Journal Archive (2006 - 2008)

BoyBrutus · Aug 29, 2006

Quote from spike500:

The upward correction ended some 10 minutes ago. The decline should start now and lead us to a new low of the day. As things look now the short will continue till the close of the day.

Just went short on the ER2 at 706.80 ~ 1299.50 ES

This could be a rough ride.

thebuzzkill · Aug 29, 2006

I have to stop reading this thread, I just got a long signal.

itcob58 · Aug 29, 2006

you are not alone, i got a buy signal too.

thebuzzkill · Aug 29, 2006

PitchBlack · Aug 29, 2006

The new low of the day is a fact.
Prices can move hefty now, but we should end the day much lower.

Quote from spike500:

The upward correction ended some 10 minutes ago. The decline should start now and lead us to a new low of the day. As things look now the short will continue till the close of the day.

mujoh · Aug 29, 2006

Quote from spike500:

The upward correction ended some 10 minutes ago. The decline should start now and lead us to a new low of the day. As things look now the short will continue till the close of the day.

Do you really take trades just before FOMC minutes? Isn't it a little bit risky?

itcob58 · Aug 29, 2006

volume does not lie, never

buy,buy.news events are there to worry you, dont worry trade.

Buy1Sell2 · Aug 29, 2006

I believe we will drop hard from here.

sosa1974 · Aug 29, 2006

Quote from mujoh:

Do you really take trades just before FOMC minutes? Isn't it a little bit risky?

I learned the hard way in 2004 by taking 11K+ hit. Of course within 1.5 days it was a 11k+ winner, but couldnt risk anymore damage. I never trade this, mostly I just view it as noise and wait a few days for them to shake the weak hands.

wareco · Aug 29, 2006

Quote from Buy1Sell2:

I believe we will drop hard from here.

Is that an intra-day call or inter-day?