ES Journal Archive (2006 - 2008)

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All trades, whether position, swing or intraday should adhere to the same philosophy: Winners are left to run and losses are cut to a minimum. This is where the money is. One does not need a high percentage of winners on any time frame--rather, they need bigger winning trades than losing trades.:)
 
Quote from apex82:



Key Levels for today for ER:

Resistance 817-819

Support 807.50-808.50

Support 2 804-805.50

Market is overbought, expect a pullback to wash out the weak longs soon. Mondays are typically range reduction days.
Good Trading
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...Update....
Market so far holding at support that was supplied before the open. LOD= 800 S 807.50-808.50 Rallied 4 pts in a vertical spike once it hit the zone. Market is exhibiting low volume choppy, spiky range trading. Be cautious and conservative.
 
Excruciating day so far, except for the first hour. All the indexes are trading so narrowly here, best to stay sidelined for intraday trades until something breaks... could go either way. Applies to ES, YM, ER2, and NQ. jmho
 
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