ES Journal Archive (2006 - 2008)

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....even with a bullish outlook going forward..... 1375 may not be an unreasonable target before that next up move .....
...... that would have been the target of the wedge pre-fomc anyway...
.... begs the question..... if the market needs to correct.... then does cutting interest rates change that need ?

... just because we were free-falling before Fed stepped in.... does not mean that the market would not have bounced on its own.... without intervention
Quote from Spooz Top:
agreed......this is big......& i will be looking to sell .... look to blast the living hell out of 1375.
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Some of the postings during the week just past and especially over the weekend are amongst the funniest I have ever read.

It seems the more authoritative and dogmatic the writing style, the funnier they become.
Fun as they seem to me and a few other readers, they must be terribly confusing to newbies who have come here to learn about trading the ES.

It is as though some posters here believe that as they dream and write, then so the mighty ES will follow and obey.

Dreams occur in your sleep be it in your bed or as you walk your way through life.
Either way, you do not need to close your eyes in order to sleep.

In order to "follow your dream" (what a ridiculous expression) you will need to leave the perceived security of dreamworld and see the real world of trading the ES for what it is.

How do we measure the journey, you ask.

Well, your postings will be as good a guide as any.
 
Quote from Pekelo:

Oh boy.....



If you have driven 100K miles without an accident or ticket, then on one day you are not paying attention and you pass a standing schoolbus and kill 4 students in the process...

Oh, nevermind.... :)

P.S.: I didn't realize that he was averaging up, so he actually lost more than 7 pts. Anyway, waiting for the next trade, hopefully better...
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Hehe, a bit extreme for a comparison, ain't it?

I should have explained - TRACK RECORD, 1 trade is nothing, did he keep his stop? Yes. You can't see ALL intermediate trend changes. Some scale out, some don't. He happens not to. I know he started it all by saying scaling out is inferior behavior, perhaps that is why he is being grilled :)
 
Quote from ASusilovic:

BLOOMBERG, October 8th =>

"Investors are paying the most ever to protect against a drop in the Standard & Poor's 500 Index, data compiled by Morgan Stanley show. The gap between the price of so-called put options on the benchmark for U.S. equity and the cost to wager on further gains has averaged about 8 percentage points since August. That's more than the previous high in July 2001, before the index dropped 34 percent and fell to the lowest this decade."[...]implied volatility, a measure that calculates expected price swings of an underlying asset and is used as a barometer for options prices, shows many investors are betting that stocks may fall.

Too many people pessimistic tend to be best bullish signals. If you watch out for 1375 to occur this year, you are on the wrong side of the fence...:D :cool:
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contrarian indicators are not always correct & i certainly to not base trading decisions off of them.
 
... it will.... obey....
.... if i want it to go up ... i just get really scared.....
... it is that simple :)
Quote from fearless9:

It is as though some posters here believe that as they dream and write, then so the mighty ES will follow and obey.
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all spooz top is saying is all indicators are screaming a bear market is coming from a low to put to call to $90 oil to terrible earnings to $770 gold to war coming to the middle east to almost no bears left on earth. did i miss anything? but he's also saying he could care less if the market rises are falls as he's a trader. traders care less if the market rises are falls they trade what the market says. for instance early last week i was long the china stocks and then i went short them when they were topping. i could care less if they were rising are falling as i just want to catch a ride
 
Really, people, this topic would go away much faster, if you didn't try to defend the undefendable...

I just came home from church, and the pastor was talking about being honest with thyselves quoting the Bible:

"A bad trade is a bad trad is a bad trade"
(Ecclesiastes (ch. IX, v. 10)

Those ancient guys sure knew about the stockmarket, didn't they? :)

Quote from JSSPMK:

TRACK RECORD, 1 trade is nothing, did he keep his stop? Yes.
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For fuck's sake, NOBODY ever said that B1S2 was a bad trader, we were criticizing one paricular trade.

And just because I constantly try to be correct (according to a poster, his name starts with Oso and ends with rico) you are wrong:

The stop loss on that trade was around 1518 or so and he bailed at 1530, so NO, he didn't keep his stop loss, in fact, he didn't even had a stop loss, when I asked about his gameplan!!! He just said that he was going to start to worry about 1518 (I think)....

Seriously people, my Bullshit-o-meter broke 3 times in the last 2 weeks reading this thread, and Baron only sends me a new one every 2 months.

Anyway, I am REALLY done with that particular trade, and going back to church in the afternoon, because the pastor promised to show us some spectacular chart patterns if we show up!!!*

*not actually true
 
welcome to Alice in Wonderland (in near real time)

fearless, you are a genius

Spooz Top, your my new hero... brilliant read this week and you stuck to your guns amid considerable derision from our esteemed panel of experts
 
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