ES Journal Archive (2006 - 2008)

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Quote from osorico:

JSS;

Why are you trading M7? :eek:
U7 has all the volume.
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I trade 2 lots and their moves are correlated anyway, but this is the last day, I will switch on Monday.
 
Since 1950, 275 occurrences where the s&p 500 went down 3 days in a row for a total decline of 3% or more, the 4th day the market rallied 55% of the time and later in the week it rallied 60% of the time.

Sorry, found this piece of information a little late to use and post. Although the charts where pointing long from open.
 
Quote from Lance Carson:

Long from 1503.75 -Prev Close , Out Flat at 1522.00, +18.25 Pts
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How do you manage to hold a position that way, but when you scalp you are out as soon as price goes against you by like a .50? Have you reduced size for that swing trade?
 
Quote from JSSPMK:

How do you manage to hold a position that way, but when you scalp you are out as soon as price goes against you by like a .50? Have you reduced size for that swing trade?
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I couldn't do that. There was a 1494.25 print around 6am this morning! :eek:
 
Quote from BoyBrutus:

Since 1950, 275 occurrences where the s&p 500 went down 3 days in a row for a total decline of 3% or more, the 4th day the market rallied 55% of the time and later in the week it rallied 60% of the time.

Sorry, found this piece of information a little late to use and post. Although the charts where pointing long from open.
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Yeah, you're right, they were.

With the Financials holding support, the Bankers strongly in the green, the TRIN staying in the buy zone, and the VXO signalling complacency it turned out to be one slam-bang of a day for the LONGS!

Have a great weekend with this lovely weather everyone.

JJ
 

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