ES Journal Archive (2006 - 2008)

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Quote from storm121:

is that so?

Im as bullish as can be.

long and strong here.......

blackguard
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ya......you forgot to mention you were long just a few weeks ago from 1480`s & took another 100 handle ass kicking as usual.

your banta fodder is old & redundant....go buy a mutual fund & play with your slinky.
 
sitting right on the 30/60 min TL premarket at 08/09......PPT will defend the hell out of that 1400 swing lo with everything they have,imo

logical bounce zone
 
Quote from smilingsynic:

A close over Thursday's high of 1436.25 would signify a trend change and successful retest of 1385 bottom.

As for 1517, that looks like it could be a great place to SHORT, provided that it gets that far up in a reasonable amount of time.
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It would depend what happens prior to a break of that area. Right now the longer term trend is down. IF monthly chart breaks the monthly continuation low, then the market should remain in downtrend for an extended period of time. :)
 
Quote from volente_00:

Do you agree that given the opportunity, it is easier to make small profits and have a higher win rate with more size than it is to trade fewer contracts with huge stops and always go for homeruns all while having the same exact risk moneywise ?

If you are using a 100 point stop that represents 2% of tlnw, then in order for you to make 4% return you have to get a 200 point move ? So in theory in the chance you are right and patient enough to ride the move, you may get a 4% return for waiting all year. Seems like a waste of time when you can equal that return in a risk free cd and not have to look a a computer period.


:confused:
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No. I would agree that there is more opportunity trading that way, but that the opportunities go both ways. In other words, there are a lot more opportunities for losses and dumb decisions. Traders are more likely to make bad decisions than good ones. In addition, winning percentages are significantly higher for longer term traders. :)
 
Quote from Pekelo:

You sound like Surf. You actually trade like him. But anyway, Nasdaq just doublebottomed with a nice RSI divergence on the daily. So I would say the surf is up....
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Actually Surf trades against the trend. I only trade with the longer term trend. (I don't consider intrday trends or very short term trends). :)
 
It will be interesting to see if we can break 1398 today after the outside up day yesterday. I don't really have any idea but will stay short for now. Keeping buy stop at 1517 for now. :)
 
Making a daytrade of 2 contracts here as a fun trade here so that I can communicate some more immediate results to everyone. This is a real trade. I have shorted two contracts at 1404.00 Stop is at 1417.50:)

Selling in deeply oversold conditions (based upon intraday chart anyway)

Walking away from the comoputer now for the day. I may trail the stop down as the day progresses by telephone. Good fortune to all today!!
 
B1S2, I really admire your patience! It is unbelievable how long you have been short through all the rips and dips. Livermore was right. The money is made in the sitting, not in the trading.
 
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