ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

Pekelo,whats this obsession you have with predictions...& your predictions coming to fruition......most of the time being wrong anyway.
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Actually, I'd say the majority (like 75%) of his predictions are correct and the market bears them out. He's always been like this since I first started posting on ET. If he actually trades'em he has a King's Ransom by now.

But I doubt that's the case, as his paper trading Journal isn't read by much of anyone on Elite Trader, so he goes around to OPJ's (other people's journals) with a higher readership to post his predictions (not making an insult here, just stating the facts). Rennick kicked 'em off of his, so now I guess he's looking for a new home. :(

i think you need to show B1 a little more respect than what you have been displaying......remember ,you`re a guest in his thread!
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It was a bit cheeky, but B1S2 has a thick skin and has heard much much worse from other traders here (don't even get me started on the scaling out thread ... :p), I'm sure Pekelo didn't mean no harm by it, and his paper trading millions don't stack-up against even one of B1S2's real money trades.

So it's all good.

Good trading,

JJ

P.S. I know there's a lot of left-hand complimenting going on there, but if Pekelo makes a call, I make note of it in the back of my mind.
 
Quote from kinggyppo:

cover for a small profit. Market may reverse into chop zone.
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Actually market looks like it wants to recover a little, and I could get an easy 2pts, but since the trade is against the dominant trend I won't touch it.

JJ
 
While we are in prediction mode I am looking for a close at or above $1565.00. If you think I am an idiot, then by all means use this information as a fade, good trading all. :)
 
Quote from JimmyJam:

Actually market looks like it wants to recover a little, and I could get an easy 2pts, but since the trade is against the dominant trend I won't touch it.

JJ
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Yeah my bias is long here but I have other things to attend to and can't wait this out. Good trading.
 
Those who bought over the last 45 minutes or so and placed a "breakeven" stop were all stopped out in about 5 minutes, like a long row of dominoes being knocked over, one by one.

Object lesson du jour: Stops should go well UNDER the swing low. Already said here before, but it bears repeating.

Another object lesson for today is don't average down, but that is for another thread! :-)
 
JJ......one can always tell the winners from the losers......when being right is more important than making money.

reaction through observation is the name of the game....i`ve never met a successful "predictor" of the markets....just gamblers.

.....suckers predict......winners react.....nuff said..........:)
 
Quote from Spooz Top:

JJ......one can always tell the winners from the losers......when being right is more important than making money.

reaction through observation is the name of the game....i`ve never met a successful "predictor" of the markets....just gamblers.

.....suckers predict......winners react.....nuff said..........:)
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..... I agree 101% with everything you just said, and quite simply that's how I trade.

But I can't talk about trading too much with real people, my friends are either permanently clueless, or if it's an acquaintance, they're looking for an angle, and after having helped several people along the way and being burnt once I'll never go that route again.

So I enjoy everyone here in this anonymous chat forum, they all having some good input to make, and something they need to take from the experience as well.

Good trading,

JJ
 
this is big right here.........bulls are in big trouble in my opinion.

edit: i would`nt be surprised to see T & S start printing 500`s & 1000`s on the offer.


edit:we either POP or Sink here at 55/56.
 
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