ES Journal Archive (2006 - 2008)

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Quote from blackchip:

I'm waiting for the Fed to issue their own credit cards.
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Future announcement:
In an effort to create synergistic efficiencies the new Federal Reserve credit cards will be made of recycled dollar bills (since they are no longer worth printing) and will earn you miles on Dubai and China airlines in order to promote further dilution of the American banking and brokerage system.
 
On top of that, there may be a bloomberg terminal available to provide breaking news and SURPs (earnings surprises). Not sure about this yet.
 
Quote from Spectre2007:

if you look at american social/political/economic structure, though the elite with their interconnected ties proceed to get wealthier, the goals change from monetary to social structure normalization goals globally(New World Order).

Lot of the american culture is presented and created to be what it is from the higher echelon fabric of society.

the goals become to americanize the rest of the nonenglish speaking world. Europeans are similar, australians, and canadians are too. Capital markets are the drug to the rest of the world. Economies become addicted to them, if the capital markets become restricted, through gold standard and other barriers, the 'pushers' loose endless monetary means to achieve their goals.

this is the best country in the world to live in. Even with its problems, nothing comes close. The flavor of this society is palatable. And the FED is just a mechanism, similar to the CIA/NSA, interconnected with similar agendas.
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Spectre what is your thinking on the Amero, do you think this will happen?
 
Quote from Spectre2007:

eventually integration... but too soon...probably in 15-20 years.
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Spectre, Have you ever noticed when there is a trend change no one posts about their positions. Its actually a pretty good indicator. I am sure you have caught on to this!
 
Quote from Zodiac4u:

Spectre, Have you ever noticed when there is a trend change no one posts about their positions. Its actually a pretty good indicator. I am sure you have caught on to this!
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it could be just the holidays, that its quiet in terms of the post count for the journal.

the holiday spirit will end as the new year rolls in, recession prognosticators again will be out in full force.

most of the posters here use risk management in terms of stops, and most likely didn't suffer too much, as you can see the games being played leading up to this session.

a clear signal to stay long was a break of the 73, but if you notice the stops were hit on both ends, so most of the one shot players got taken out.

time stops are a solution to this, large specs, may not necessarily use price stops or time stops but a innate sense of model/setup invalidation to exit the trade.

an example is the GBP trade, imagine all the players getting long on the breakdown from 2.10, trendfollowers picking points till doubt sets in as their stops get blown.

The FED gave a initial signal of laxity, with a 50 basis cut, then signaled another 50 basis for the most recent cut, but only ended up cutting 25 basis, just leading to the carnage in dollar bears.

So now we have stable conservative policy, that has resulted in momentary stabilization of the dollar.

I've been trying to read 'Alchemey of Finance' by Soros, it has a excerpt in it from PTJ, I rarely can read more then a page or two at a time but it seems to indicate Soros looked for 'weightings' on a given market secondary to current macro economic expectations.

He would try to look ahead and see which catalysts could undermine those weightings leading to orderflow. (counter trend).
 
shorts got their heads handed to themselves on a silver platter today.

I think a lot of trading careers ended this past week.

any1 besides me think we go straight up into mid January?
 
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