ES Journal Archive (2006 - 2008)

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Quote from saliva:

You're welcome. Like I said above, we could technically face some strong support at around 1430. But once that is taken out, there won't be much to hold this market from taking another nosedive. However, I concur with the guy in the video that there might be a temporary pause before this market plunges in earnest.

BTW, this thread seemed to have morphed into someting different altogether since the last time I made my unwelcome appearance. I advise you to stay away from certain individuals and their nonsense.
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Can you be more specific as to which indiidulas you are refering to?

PM me if required.
 
Quote from volente_00:

I've been using ~ 3.3 for premium but the rest of you trade seems solid. The only question is


Do we actually get down to 1425 cash ~ 1428.3 ES or do we blast off from slightly higher ?
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hmmm...seems too obvious.
 
Quote from smilingsynic:

On a day like today I smoke with both hands! :mad: :mad: :mad:
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Saxon,

It's just one day, remember. Everybody has good days, and everyone has bad days; everybody plays the fool. Ryan Leaf threw perfect spirals for touchdowns, and Tom Brady has thrown some pretty poor passes for interceptions.

What counts is the long haul.

Everyone here has done something foolish, reckless, and stupid while trading. It hurts even more when you know better.

So you had a bad day...how does that song go? [/QUOTE]


Bad day indeed. Thanx for the kind words.
 
Quote from Pekelo:

OK, here is my 2 cents.

Today was a Step Down Day (my trademark) and it went according to its timeline. I mentioned it early in the chatroom. Usually Dow is down 100-120 points in the first 90 mins, after that 3 hours sideways then more downmove after 2 pm. (not news related)

I personally expected the FOMC minutes to lift the market, I was wrong on that one and SDD was right.

Anyway, the gameplan after an SDD is the following: Get long at the close and stay long until 10 am next day. Then reverse to short until 10:30. After that it can go either way...

We could of course gap down, but that would be the 2nd downgap in a row, and according to Pekelo's 2nd gap rule, the gap should be filled the same day, so being long would be the gameplay.
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I was also bullish on the FOMC minutes. After all, the message did not really present anything new, yet the market tanked and I went right down with it. :( :(
 
Quote from volente_00:

Through my years of trading I have learned that when a market closes at a low or high for the day, the move more than likely will carry through at least into the first hour of the next day of trading. Maybe today is an exception but the rising volume and falling price indicate it is a low probability long at this level.
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i thought the same thing and have said as much in previous posts, but...friday to monday appears to have proved us wrong and the game may be changing. notice i said may...just trying to plan for all possibilities....
 
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