ES Journal Archive (2006 - 2008)

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Quote from fearless9:

classic post S2007.
You could name a president in honour of this one.
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shrug add some analysis to the board, instead of analyzing the board.

what's your trading style.

chris
 
Quote from Buy1Sell2:

I believe there needs to be quite a bit more pullback and retest of the 1490 area . More consolidation as it were before we have a chance to go higher. USD erodes against the Yen here I believe.
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yep.:cool:
 
Quote from Spectre2007:

shrug add some analysis to the board, instead of analyzing the board.

what's your trading style.

chris
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front running the morning session surges.

one mans noise is another mans ferrari.
 
Quote from Buy1Sell2:

I believe there needs to be quite a bit more pullback and retest of the 1490 area . More consolidation as it were before we have a chance to go higher. USD erodes against the Yen here I believe.
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I share that view. I went short just before the close yesterday (not ESZ, but bought Nov 150 puts on SPY) looking for a decline on ESZ to at least the 1500-1505 area and possibly as low as 1480. I think the intermediate-term trend is still up and expect us to at least re-test contract highs, but I'm looking for us to go lower first.

Yesterday's EOD 30-point rally felt wrong somehow -- lower volume than the decline, no real market breadth (NYSE adv/dec ratio remained below 1). I don't know whether the rally was fueled by Fed rumors or the PPT or the lunar cycle, but it didn't feel authentic, so I decided to bet against it.

Film at eleven.
 
Okay went long at the 0.618 retrace from tuesday high to yesterday bottom.

Actually had my order resting at 15.25 prior to the open. The fact that hit this number and still did not fill me indicated that some big buyer was gonna take us up quick.

I am bullish in short term leading into the FOMC and have been looking for longs unless something fundamentally changes.

I did chase the order once i did not get the fill which i don't like to do but it was high probability long in my system.

Out all early at 25 - damn out to early like usual
 

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Quote from fearless9:

... up the tree of knowledge ... those on higher branches can look back effortlessly.

A some stage a climber will come to understand the tree of knowledge and will be able to recognize those on higher branches. This is when the learning process takes over from the wallowing stage and breakthroughs become apparent.
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Now that is one sweet sweet post, and obviously from my deletion of any text referring to trading, it aplies to a lot more than just that.

Good trading,

JJ

P.S. Funny, I never saw it like that, but that is exactly what it is.

P.P.S. Made my cake in this chop, so now I think I'll socialize.
 
Quote from JSSPMK:

Buy1Sell2, have a look at 2 hour chart please.
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Certainly looks strong from the time of yesterday's close. I'm not trading the intraday charts though and I am looking at the daily at a minimum. I would expect the bounce from the 2 hour here to be short lived. :)
 
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