ES Journal Archive (2006 - 2008)

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How do you guys go long wh en economic data keeps coming out weak and weaker... Before we shake our pom poms at the wonderful traders, let us discuss something basic here.. where is the support for longs here
 
now flat the es swing trade.... dont want to be but just no point in being greedy when it barely misses your target and then your just hanging on praying... Will look to get long again if the market can find some support.. until then looking to short the nq, and er2
 
Quote from avarus:

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Are you just ignoring the bad news or merely looking to fade a small bounce versus riding the larger down move

mbusch proving my point, where is the news that anyone is hanging their hat on to go long, everything is coming out bad and exepcted to get worse...
 
Quote from Mike Okistini:

How do you guys go long wh en economic data keeps coming out weak and weaker... Before we shake our pom poms at the wonderful traders, let us discuss something basic here.. where is the support for longs here
More...

I have found that the market will interpret economic data how it wants.. no matter how bullish or bearish. If you can make money trading this way... my hats off to you.
 
just filled short on nq at 2131 and er2 at 782 and es at 1490 target retest of lows and trailed for new lows

2.5 pt stop on es and equivalent for other markets.
 
Long again small size from 1489.00. Not real confident that it's finished going down, and won't add on until I see a more solid reversal indication.

EDIT: Darn, just saw that I'm on the opposite side of the trade from Apex...I just *hate* when that happens. :)
 
If 85.75 holds we are going to 1512, if not reverse short. Virtual Hedge fund will appear in IBD classifieds if decided. I've got some really cool entreprenurial ideas built around this. Stops, targets, and end of day account statements showing live trades.
 
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