ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Correct. I still go for them, so that I allow my trades to run. Very important point here is that I never have a large loss. The stop gets trailed and I get stopped out small.
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So basically you spend most of the year letting unrealized profits slip away just so you can save on commissions ?


:)
 
any1 besides me bullish?

I see this market going on a huge rally.probably starting tomorrow, right up to Election Day.

this is going to be one heck of a rally.mark my words

blackguard
 
If we can break through the lows tomorrow I plan on watching the 1357-1360 ES zone verrrry closely... There is a ton of shit lining up on my chart within a 2-point area. Theres also divergence on the 15-min chart... triple will be put in tomorrow if we continue down. I'll definitely be taking a shot at this falling knife if the market shows some life there... tight stop of course

Heres the SPX chart...
 

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Quote from storm121:

any1 besides me bullish?

I see this market going on a huge rally.probably starting tomorrow, right up to Election Day.

this is going to be one heck of a rally.mark my words

blackguard
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I just read a book that say 2008 will have a statistical probabilty of a good profitable buying op. I guess that author agrees. But more like the late feb early march type buy. Check out 98 on a weekly maybe that kind of action. Could be smutz but there you go. Somebody else is a bull in 2008!:D
 
Very key areas are holding NQ, the slightest bearishness around such areas would take NQ to a possible point of no return.

Upside is a must or market could see some serious trouble.

Anek
 
tommymoose,
you wrote:
"If we can break through the lows tomorrow I plan on watching the 1557-1560 ES zone verrrry closely... There is a ton of shit lining up on my chart within a 2-point area. Theres also divergence on the 15-min chart... triple will be put in tomorrow if we continue down. I'll definitely be taking a shot at this falling knife if the market shows some life there... tight stop of course
"

did you mean that you will be watching 1357-1360? (not 1557-1560)
is 1557-1560 a target?

I am in the camp that prices should move into a positive trend until the FOMC meeting, then pullback for a "W" formation culminating on the downside on the close on the day after the Presidents' Day Holiday. But since I trade in minutes rather than swing, sort of doesn't matter what I think past the next 15 minutes.
good trading to you.
 
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