ES Journal Archive (2006 - 2008)

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taking everything out on all markets... retest of major support.. I'll take what I can get. Small winner on all markets

now flat on daytrades and may look for long triggers

still holding half of swing trade from average of 1487
 
Quote from mbusch:

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.
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Stopped out of this trade at breakeven. Re-entered long from 1488.25 and 1488.50, with stops below LOD. Targets 1495 and 1500.

FWIW, 1488 was 78.6% retracement of move from 1487 to 1492.
 
Quote from Mike Okistini:

The bigger point is be it fundamental or technical, many signs point lower so I am honestly curious about why these long calls are looking to step in front of this kind of market. Not a challenge to anyones manhood, just an honest question...
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Don´t fight the trend... market is limping lower since we have not seen any news that indicates one should be a buyer yet.
 
Quote from Mike Okistini:

Don´t fight the trend... market is limping lower since we have not seen any news that indicates one should be a buyer yet.
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Hi Mike, you prolly don't mean to come over all sanctimonious but, never-the-less, that's the impression you're leaving.

Apex's analysis, over the few months I've been following - mouth wide open - is orders of magnitude above "follow the trend".
 
My question has been where is the justification for the longs here that is all. No holier than thou or claiming I made the call the go short a long time ago as I am not posting any trade here.

There has been a lot of good analysis and right now all I see are long calls without justification in front of a train heading lower.

The question is a good one given the longs keep getting stopped out here while the only one who grabbed some short profits here has been Apex.
 
Quote from Mike Okistini:

My question has been where is the justification for the longs here that is all. No holier than thou or claiming I made the call the go short a long time ago as I am not posting any trade here.

There has been a lot of good analysis and right now all I see are long calls without justification in front of a train heading lower.
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I see strong support @ 1485 on the ES.

Still Long from 1488.25, with PS way below the next level of support, will close trade there if proven wrong but looking for market to continue in this trading range and re-attempt previous highs.

Good trading,

I
 

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