ES Journal Archive (2006 - 2008)

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Quote from islands111:

are any shorts still standing?
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Just 10 mins after you posted this the market started to drop and continued dropping AH, being down 20 ES by this morning...You are an excellent contrarian indicator.

Any longs still standing? :)
 
Quote from Pekelo:

Just 10 mins after you posted this the market started to drop and continued dropping AH, being down 20 ES by this morning...You are an excellent contrarian indicator.

Any longs still standing? :)
More...

While for an intra-day trader it was incorrect to hold Short, as a swing or overnight trader you most definitely would be in the money, by a very nice amount.

This smells like a bear market to me folks.

Good trading,

JJ
 

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....ascending triangle in downtrend posted earlier....
....yesterday may have been a false break out to upside....
.... on 2 hour chart....
downside break out would be around 71 ....respect to all....
 
I vote this the best thread of all-time at ET. There is some excellent commentary from extraordinary traders. Let's keep it going for many years to come.
 
Quote from Pekelo:

Just 10 mins after you posted this the market started to drop and continued dropping AH, being down 20 ES by this morning...You are an excellent contrarian indicator.

Any longs still standing? :)
More...

LOL....was thinking the same thing...the kiss of death for anyones position is when one stands up to pound their chest to say i`m right & everyone else is wrong.

looks like islands is in buy hold & pray mode for the last 3/4 weeks.....that`t the last place i`d want to be in a market like this,a traders market hands down.

congrats for those whom read the rule of 10 X 3...wich coincided with the 50% on the big move,to the tick.unfortunantely,i rarely initiate a position after 3:15/3:30.
looking for the CT sell off the top of the channel was a big reward for little risk,which was what i was looking to capture off the 89.75 sell.downside potential was great.
a hi 90`s scale in would`ve worked like a charm without having to be perfect in that situaution,imo.
 
Quote from Pekelo:

Just 10 mins after you posted this the market started to drop and continued dropping AH, being down 20 ES by this morning...You are an excellent contrarian indicator.

Any longs still standing? :)
More...

I noticed this as well, but am still waiting for a response to one of my other posts.

Should I pull an island and say told you so with my call about bias being short until we close above 1500? Although I didn't think we would break 1492...

http://www.elitetrader.com/vb/showthread.php?s=&postid=1592052#post1592052
 
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