ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

Big charts must be off; SPX low yesterday was 1256 something, and the low today is 1269 something.
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esignal and ameritrade has 1274 and 1270 approx.
 
Quote from atticus:

Flattened a bit to +25k here at 1306. Fantastic day, and I believe we go much higher.
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Congratulations, my friend.

These markets are crazy though.....goodness!

I mean if the market rallied or fell 30 SP points from here - just for the day I wouldn't be surprised.

If the market made new lows or highs I wouldn't be surprised.

How does one trade this kind of market???!!!
 
Quote from apex82:

I also entered long on KBH on the breakout above 19.00 today. I had been eluding to this trade a couple days ago.

sold a shitload of put verticals and long the stock. Stop will be placed below the prior low.

looking for $40 or so or at least drifting higher in a range. Call me an idiot.. but the chart tells a story and it looks like it wants to double.. I could be wrong but the probabilities and R:R are to good to pass up.
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Here is the visual and reasons for taking this homebuilder trade....
 

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Quote from CPTrader:

Congratulations, my friend.

These markets are crazy though.....goodness!

I mean if the market rallied or fell 30 SP points from here - just for the day I wouldn't be surprised.

If the market made new lows or highs I wouldn't be surprised.

How does one trade this kind of market???!!!
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I find this type of market is extremely rewarding for daytraders. You can catch 10-15 point swings in a couple of minutes, i just try to trade without a bias and simple trading plays.

I can't see why you can't make great money on a day like this, just don't try to out-think the market and go with the waves.

I have caught 4 ten point swings today and im still a newbie trader, i wonder how many points the pros are taking.

Good trading.
 
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