ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

I see a possible bounce opportunity on 2 hour chart, triple divergence, will be looking out for trigger points on shorter term charts.

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You´re right with your assessment on a short term basis, IMHO....:p


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Making an intraday Long March Yen future trade here at .94170

Stop just below LOD. This is in keeping with my belief that the carry trade will unwind much further as the markets continue the new long term downtrend. This is a daytrade only. I will trail stops.:)

I only mention this here in the ES Journal because it relates to my ES bias.
 
Currently ahead here almost 100 points from 1416.75 in ES. Stop has been trailed into the 1440's as discussed earlier. Will hold for homerun.:)
 
Quote from Pholeuon:

I hope we will gap up even more 2x,3x,4x ....

I am more and more afraid shorting this market because I can not believe that no bigger pop up happened so long ...
It starts to be huge psychical problem for me.
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hey.. thats a good feeling. If you shorted this market at times like this the past week on a longer term basis you would have lost money every single time the past 5 years. We are in a wave 3 on a daily chart... these take a long time to form and thats why they occur.. fundamentals,technicals, combined with simple psychology of people thinking it cant go lower because they havent been around to experience and see it happen day after day in a past cycle. Its just part of market dynamics... What you have to understand is that what your brain is telling you is correct. We are closer to the end then beginning. If you start selling short here on a longer term basis I would say you are an idiot.. I could be wrong but the odds are working against you. Wait for the pop and then position yourself for the move lower.
 
I will be looking to play a swing long tomorrow if we get a retest and strength comes in.. probably around a 15pt stop for at least a 100pt target
 
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