ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

A couple of items to discuss here.

--Remember that I have been long for the most part (except the 2 short forays ) since the day of the reversal last June, so this long bias has netted a large profit. In other words, I did not just get long and now will hold for 200 ES points.--I have been long for quite a while-

--Secondly, I expect 1500 to 1550, but also expect more than that--a lot more. How much? I have no idea.

Long for now. :)
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Thanks.

And fwiw, my short term cycle stuff suggests this will be short-lived. :confused:

It did get very hairy though, as I mentioned it would/could. Still I glazed over. Patience, at this point, is your lesson to me. :)
 
Quote from apex82:

A lot of CF's coming into the 1467-1470 area. If we get up there it will most likely be a brick wall and it is where the 5% correction will commence from. Ultimately, could be more in 10-15% area though.
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I also like this one made on February 6, 07.

Everyone thought I was crazy..

From...

http://elitetrader.com/vb/attachment.php?s=&postid=1352551

To....


It has only just begun..
 

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Quote from Buy1Sell2:

Long term trend is up. Long is the way to be never risking more than 2 percent of liquid net woth.
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Today was serious technical damge. The chart does not lie.
 

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What a yawner. Orderly selloff. I have at least 6 shorts on the charts from 1436.50, traded right back to the ma's every time. No volatility, nice and orderly.


Plenty of liquidity, narrow spreads. How can anyone be panicking. Everyone is reacting like they just saw their first Playboy. For a selloff, this was an average naked lady.
 
put a 10 ma on 30 min chart all day what did it say dead or live? anomaly day ....forget it happened....never adjust good system to fit anomalies...mine handed it all day.......
 
the intraday trader might possess a system that mechanically tells trader that his edge is staring him/her in the face at the "right now moment". how many times a day the edge/signal appears depends on the time frame/s of choice....5 minute gives too many for me....10 min is fine....anything the 5 does for you the ten does it in a smoother fashion....smoother is nicer...all about emotions, unless u r emotionless trader....how did you like the oscillators locking oversold all day..? walking the bands on bb.....did your volume read do well today...my 3 lines never looked up today....if tomorrow is normal, they will adjust automatically to give that type of market also....kiss.....:D
 
Quote from Buy1Sell2:

Very little if any long term "damage" was done to the charts today.
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How do you figure ?


Last time this happened the index shed 8%. This will put it around 1340. 3 million ES traded today was not joe retail with a $2000 account. You can not ignore the volume.
 
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