ES Journal Archive (2006 - 2008)

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Quote from joeyata1:

no i agree i was refering to apex looking for some outrageous 70 pts on the es. the most important stocks on earth gs,c,jpm,wb are walking zombies.every rally for a while will be sold. i play both ways also.
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I think he is willing to hold that for a month or two as long as he is not stopped out. He held the short a while and was handsomely rewarded. That appeared to be a longer-term swing trade.
 
Quote from joeyata1:

no i agree i was refering to apex looking for some outrageous 70 pts on the es. the most important stocks on earth gs,c,jpm,wb are walking zombies.every rally for a while will be sold. i play both ways also.
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Are you serious? I have been the biggest bear on this thread since 7/19.... I am still a bear long term. That is why I am still short on a position trade.

However, the trade to the long side was a good probability with amazing R:R. The market flows in cycles and waves. My job is to catch the turning point of these moves with the smallest risk possible.

I dont watch cnbc.. All I know is that I trade with an edge and probabilities. If everytime I take a trade you take the opposite I guarantee you will be burned..... badly.
 
Quote from joeyata1:

as i said when all on here raging bulls easy short. just cleaned up for 8 pts on 40 contracts. the former game of the market is now over. short all rallies instead of looking to buy dips. a credit hurricaine has come to town. instead of total return on capital, people concerned about return of capital
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with you allllll the way on that.......every rally from here on out shall be spanked.....especially if we surpass todays swing hi.
 
Quote from joeyata1:

no i agree i was refering to apex looking for some outrageous 70 pts on the es. the most important stocks on earth gs,c,jpm,wb are walking zombies.every rally for a while will be sold. i play both ways also.
More...

I think he is willing to hold that for a month or two as long as he is not stopped out. He held the short a while and was handsomely rewarded. That appeared to be a longer-term swing trade.
 
Quote from apex82:

Here is a trade I am taking on my swing account..

Averaged in at 1433-1435

stop at 1431.75 and 1429 3-6pt stops

target 1 +30 pts

target 2 +55 pts

target 3 70pts+

Great R:R... cant pass it up.
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Stopped out for -2.75pts, -6 pts, and -2pts on my third entry

Trade was looking good, PA was trading perfect until it couldnt take out the swing high. On sidelines to see if this 1422-1424 level is going to hold. If it is taken out my bias obvisouly shifts to down and will be looking to sell rallies.

Before...
http://elitetrader.com/vb/attachment.php?s=&postid=1568909

After....
 

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This penetration of the 24-22 zone could be the real deal, in which case it's look out below. I'm watching the 15min chart for confirmation/non-confirmation. With this volatility, the bar ranges are large so confirmation will require a significant move one way or the other.

EDIT: A pitched battle is going on now with 1422 the line of scrimmage. The opponents are closely matched, a lot hangs on the outcome, and the next 45 minutes are likely to be intense.
 
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