ES Journal Archive (2006 - 2008)

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buying spurt alert...1498 neck test. They basically cornered the market in afterhours last night, a confounding trade since, it had AAPL earnings backdrop to screw with the novices.

then a sacrificial lamb, european bank exec was put on the chopping block to seal the deal on the open.
 
Quote from smilingsynic:

Just because the market is down does not mean that shorting is easy. There is danger on both long and short sides of the market (those on the sidelines can relax). Shorting without a clear well-placed stop opens one to danger

Amen to that Brudda. Timing is everything, even in a down market. Unless of course your Saxon22 and can keep firing 1 lots until the market turns.
 
Quote from wareco:

Amen to that Brudda. Timing is everything, even in a down market. Unless of course your Saxon22 and can keep firing 1 lots until the market turns.


I did 150 pts. today. How much did you wrestle from the market?????????
 
Quote from saxon22:

I did 150 pts. today. How much did you wrestle from the market?????????

19pts, 150pts? :confused:

Wow, gotta tell ya, you guys are redefining what I think you can get from these markets .. I'm sitting on my +4pts and happy as can be, :) looking to do it again tomorrow.

Good trading,

JJ
 
Quote from wareco:

Amen to that Brudda. Timing is everything, even in a down market. Unless of course your Saxon22 and can keep firing 1 lots until the market turns.

Yes, shorted just right, and covered, just right--oops, not. Drops, pops, cover, and then it drops, again. Then just sits there.

Bigger stops would work, and as one realizes that, they don't, anymore.

The hardest kind of market, for me.
 
Quote from JimmyJam:

19pts, 150pts? :confused:

Wow, gotta tell ya, you guys are redefining what I think you can get from these markets .. I'm sitting on my +4pts and happy as can be, :) looking to do it again tomorrow.

Good trading,

JJ

You talk about 4 points per contract. These 150 points are not made on 1 contract.

I already made 2000 points today, but i trade 1000 cars at a time.:D
 
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