ES Journal Archive (2006 - 2008)

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Blind squirrel finds acorn at 1472.75 unfortunately, he coughs it up at 1475.75.
Thought he could find it lower again. Stupid squirrel.
 
Quote from smilingsynic:

Short ES for the day, but this has all of the appearance of a bear raid in an overall bull market. Fundamentally, stocks are only cheaper than they were yesterday. No time to go into this now..

How convinced am I? I switched over my pension money from bonds to stocks, effective end of day. I only switch two or three times a year--cannot trade this account.
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Well, ff I am wrong, I'll just put in back in bonds. The pin-stripe suits at TIAA-CREF don't like trading, but I'll insist they make an exception. :-)
 
no, but reading through accounts, hes scared of political reprecussions of significant market downdrafts.

you have to understand its in the best interest of all the players to preserve the longterm trend to the upside. These short term timewindow blips will occur so that the bigboys can make some cap back up from preserving the trend to the upside.

the bigboys play a large role in the relative strength of the trend up from price engineering.

see how dangerous it is to short, on counter long term range extensions you don't want to be cannon fodder or infantry on the frontlines.
 
It's not dangerous if one buys low & sells hi :) Most world indices were bearish, can't fade that p/a indefinetely. I prefer shorts to longs as money is made much quicker on an average trade.
 
Quote from jagmot:

Starting to scale into long position here

L 1520.75
TP 1529.50

Not sure how I got the bottom tick here in after hours, but I definitely don't mind. Would have preferred to buy around 1516 but was on the plane. Have additional orders to buy at 1516.00 and 1510.50 and 1502.00
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Not enough time to read the journal, but just wanted to give everyone an update on my position trades. My first trade ran up to my TP and hit it, then dropped all the way back and hit my 1516. The market then ran to this target of 1524 (eventually getting back to 1529 again and failing).

At this point I didn't like the action but didn't want to go short as I am bullish through earnings season (and still am). I decided to leave on my 1510.50 (sorry didn't have time to post sooner) but took off my 1502 buy and moved my stop to there and got stopped out. Net profit total approx 9.

I liked the double bottom at 1471 today and just recently bought at 1483 with target of 1498. Have stop set for 1470.
 
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