ES Journal Archive (2006 - 2008)

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Always double check how many contracts you are buying/selling before you hit the confirmation button!!!

I was just on the phone with someone and placed 2 trades without double checking the quantity of contracts, I put on WAY WAY WAY too many by fat fingering my order. I got very lucky and hit the flatten button about 20 seconds later when i saw what was going on. Fortunately this story has a happy ending, I accidently made over $400 but my heart stopped beating for few minutes and took a few days off my life. I think I will give trading a rest for today after that episode. :eek:
 
FWIW, I have noticed that if the Compx is up a lesser % then the Dow that you will tend to have a drop at some point especially when the AD Line is very bullish.

Like today, the Dow was up close to 100 but the Compx was only up 13-14.

What gets most is when they short a mega bull day when the compx is up a higher % then the dow and the ad volume is around 80% buying.

John
 
Finally, YM has chiseled out a price zone up here. 13467-13476.

Low risk intraday shorts can be put on in this zone imo. Just in time for lunch?? A fresh intraday high negates the zone. This entire YM move looks to be one big air pocket. The somewhat large range between the zone and hod is a form of confirmation of my air pocket opinion.

Good trades to all
Osorico :)
 
I am looking for a print of 1515 or better within the next few minutes...Long if it prints north of that line in the sand

Otherwise I am going to play some golf.

Good luck everyone

Steve
 
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