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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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on days with such big rallies, do you see moments in the last hour or so of longs taking profits showing quick drops like you do in oil [CL]?
Quote from apex82:
it hit the resistance I posted to the tick and then got smashed.. I played a couple quick scalps now im out waiting for one more quick run to new highs then i will get interested in a longer term hold to the short side once I see weakness come in. It could keep dropping but to much risk for my trading plan to get short here.
Correct me if I'm wrong, but on strongly impulsing moves like this, price is more likely to continue to the upper end of a resistance zone before finally turning.
Sort of like a loaded up 18 wheeler as compared to a car... more momentum requires more time to stop
I would like to ask the participants and readers of this thread for a bit of help.
JimmyJam advised in another thread that he has posted "plenty" of real time calls in this thread:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1685859#post1685859
Since he would not provide a link for one or two such calls, I did a quick check and found nothing to support his claim. Does anyone recall JimmyJam having made any real time calls in this thread? And if so, do you recall approximately when that might have been, so that I may check and verify?
Any assistance or insight you can provide would be much appreciated. Thank you for your time
And in case you're wondering, I don't make any real time calls in any of these forums. However, I do not claim to have done so.
JimmyJam advised in another thread that he has posted "plenty" of real time calls in this thread:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1685859#post1685859
Since he would not provide a link for one or two such calls, I did a quick check and found nothing to support his claim. Does anyone recall JimmyJam having made any real time calls in this thread? And if so, do you recall approximately when that might have been, so that I may check and verify?
Any assistance or insight you can provide would be much appreciated. Thank you for your time
And in case you're wondering, I don't make any real time calls in any of these forums. However, I do not claim to have done so.
Quote from tommymoose:
Correct me if I'm wrong, but on strongly impulsing moves like this, price is more likely to continue to the upper end of a resistance zone before finally turning.
Sort of like a loaded up 18 wheeler as compared to a car... more momentum requires more time to stop
exactly thats why Im waiting for one more high if it starts falling then I will take scalp entries and will never get my full longer term position on.
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