sell stop 1557.50 with reversal
blackstone issue wont go away.
come run my stop, 1557.50 only a couple points away..
blackstone issue wont go away.
come run my stop, 1557.50 only a couple points away..
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Buy1Sell2,
Your post on another thread about always keeping a stop in place makes sense of course, but it brings up another question. By being a swing trader and currently long that means you are long every night with a stop somewhat far away.
During 9/11 there was a complete shutdown of the exchanges. Stops will not do you any good in the very infrequent but still possible extreme scenarios. Do you factor into your trading plan the possibility of a significant, 100+ point, gap down where your stop does not help?
Your post on another thread about always keeping a stop in place makes sense of course, but it brings up another question. By being a swing trader and currently long that means you are long every night with a stop somewhat far away.
During 9/11 there was a complete shutdown of the exchanges. Stops will not do you any good in the very infrequent but still possible extreme scenarios. Do you factor into your trading plan the possibility of a significant, 100+ point, gap down where your stop does not help?
the world is just doing great.
runaway equity markets across the globe. real estate spikes across the globe. relatively low bond yields. wealth transfers to new markets. war against a enemy construct to keep the defense companies happy. oil companies laughing like scoundrels at the CIA directed al queda. isn't life grand.
there were no more enemies when the USSR dissolved. So a artificially constructed enemy was needed to keep the military industrial complex ticking.
william benett had a interview and during the clinton administration, I still remember this. He said that terrorism namely Al Queda would become the main issue turn of the century.
http://en.wikipedia.org/wiki/William_Bennett
edit: looks like my stops werent worth it.
runaway equity markets across the globe. real estate spikes across the globe. relatively low bond yields. wealth transfers to new markets. war against a enemy construct to keep the defense companies happy. oil companies laughing like scoundrels at the CIA directed al queda. isn't life grand.
there were no more enemies when the USSR dissolved. So a artificially constructed enemy was needed to keep the military industrial complex ticking.
william benett had a interview and during the clinton administration, I still remember this. He said that terrorism namely Al Queda would become the main issue turn of the century.
http://en.wikipedia.org/wiki/William_Bennett
edit: looks like my stops werent worth it.
This is a Friday in the summer. (regardless of what happened yesterday).
The money has been made on the long-side. There are probably still traders long who don't hold over weekends.
Any return to test, or slightly exceed today's standing intraday high might usher in a round of profit-taking that retests 1555-1553.
Yes, I know, I absolutely do NOT know what will happen.
But, if you look at an hourly chart like the one spectre2007 put up a couple of days ago, the resolution to the upside (yesterday) and today's price action, though not the same magnitude of price movements, look very similar to June 27 and June 28 in terms of a buying spree, some sideways consolidation and then a token lift that produced the high for the day in the 2:15-2:30pm window. Followed by roughly a 7 pt loss from the high into close.
Nothing else to do, thought I'd make a comment (since I don't have any stops to worry about).
The money has been made on the long-side. There are probably still traders long who don't hold over weekends.
Any return to test, or slightly exceed today's standing intraday high might usher in a round of profit-taking that retests 1555-1553.
Yes, I know, I absolutely do NOT know what will happen.
But, if you look at an hourly chart like the one spectre2007 put up a couple of days ago, the resolution to the upside (yesterday) and today's price action, though not the same magnitude of price movements, look very similar to June 27 and June 28 in terms of a buying spree, some sideways consolidation and then a token lift that produced the high for the day in the 2:15-2:30pm window. Followed by roughly a 7 pt loss from the high into close.
Nothing else to do, thought I'd make a comment (since I don't have any stops to worry about).
watch how it behaves around 1:30... =)
TS hit at 59.00
short 1559.00 with SL 1564
oil up a 1.34........... no worries!! no inflation.
TS hit at 59.00
short 1559.00 with SL 1564
oil up a 1.34........... no worries!! no inflation.
Would need to see a break of 1555 to see the head and shoulders confirm on the 5m
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